Multicoin Capital: Unstakes 1.96M HYPE

Multicoin Capital unstaked 1.96M $HYPE tokens valued at roughly $120M from three wallets, with the positions originally locked about two months earlier.

Price action on the 4h chart shows HYPE at $58.79 testing the lower Bollinger Band support at $58.69 while the EMA50 at $62.25 and EMA200 at $64.43 act as stacked resistance overhead; the MACD death cross at -0.6 keeps the structure bearish and RSI at 35.52 leaves room for further downside before any relief, shaping near-term HYPE price prediction around these confluence levels.