ShareWhale Withdraws 72K HYPE from Gate.io, Expanding to $168M Stash
- Whale Withdrawal Action: A crypto whale controlling the address 0xEe0A18B394ecE1D7bE81Be15d6cEc3Ac7707b71C has withdrawn 72,264 HYPE from Gate.io, valued at approximately $30.6 million, pushing its total holdings to 396,820 HYPE or about $168 million, indicating a strong buying intent amid market stress.
- Market Rebound Signal: The continuous accumulation by whales during HYPE's price rebound from a February low of $28 to the $40 area suggests increased confidence in the token, particularly with support from high-profile trader Arthur Hayes, further solidifying key support levels.
- Leveraged Short Competition: Despite sizable short positions, data indicates that large holders are net adding to long positions on the Hyperliquid DEX, signaling a bullish sentiment among whales eyeing a potential move toward $50 if the $40 support holds.
- Surge in Trading Volume: On April 14, KuCoin reported a 4.61% increase in HYPE to $44.38, with a 24-hour volume of approximately $454 million, driven by speculative inflows from spot ETF filings by Bitwise, Grayscale, and 21Shares, further energizing the market.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for HYPE
Technical Sentiment Analysis for Hyperliquid (HYPE). As of , Hyperliquid (HYPE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for HYPE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, HYPE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Hyperliquid (HYPE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 34.022 | 36.457 | 38.715 | 41.15 | 43.408 | 45.843 | 48.101 |
| Fibonacci | 36.457 | 38.249 | 39.357 | 41.15 | 42.942 | 44.05 | 45.843 |
About HYPE
About the author
