Whale Activity Fuels HYPE Rally Past Key Resistance

The HYPE token experienced a surge in price, surpassing the $40 mark, driven by significant whale activity. Two crypto whales, identified as wallet 0x7E4E and 0x5dE5, contributed over $14.9 million to the HYPE ecosystem within three hours. This activity triggered a sharp rise in trading volume, which surged by 158% in the last 24 hours. Technical indicators further support this bullish momentum, with an ascending structure on the 4-hour chart and high trading volume. Despite an overbought RSI of 75.71, HYPE shows signs of continued buying pressure.