$HYPE has a $100M whale betting on the long game, but why is the price still struggling? đ
A major investor just staked 1.255 million HYPE tokens worth $100.43 million, showing confidence in holding for the future. Around 44% of HYPEâs supply is already staked, potentially reducing the tokens available for immediate selling. But thereâs a problem: derivatives traders are still applying heavy selling pressure.
HYPE recently dropped below $80, touching $78, while RSI fell to 39, signaling continued weakness. If sellers remain in control, $75 could be the next downside target. However, if buyers defend $80 and selling pressure cools, HYPE could recover toward $88. đš
Will whale confidence be enough to save HYPE, or is another drop coming?
#hype
A major investor just staked 1.255 million HYPE tokens worth $100.43 million, showing confidence in holding for the future. Around 44% of HYPEâs supply is already staked, potentially reducing the tokens available for immediate selling. But thereâs a problem: derivatives traders are still applying heavy selling pressure.
HYPE recently dropped below $80, touching $78, while RSI fell to 39, signaling continued weakness. If sellers remain in control, $75 could be the next downside target. However, if buyers defend $80 and selling pressure cools, HYPE could recover toward $88. đš
Will whale confidence be enough to save HYPE, or is another drop coming?
#hype