🐋 Whale gathers 6 million USD in Hyperliquid (#HYPE ), betting on a price breakout
In the last three days, a cryptocurrency whale has drawn attention by accumulating a total of 170,904 Hyperliquid (HYPE) tokens – worth approximately 6 million USD – into two separate wallets. This move indicates strong confidence in the price increase potential of HYPE in the near future.
Notably, up to 3 million USD of that was used to purchase 80,321 HYPE directly on platform #HyperLiquid , at an average price of 37.35 USD/token – close to the current resistance zone. This suggests that this is not merely accumulation, but a deliberate buying strategy aimed at anticipating a potential breakout.
Currently, HYPE is trading around 34.8 USD, down 5% on the day. However, this decrease does not seem to sway the whale; on the contrary, it further reinforces the possibility that they are betting on a new acceleration phase about to occur.
🎯 Short-term target price & stop-loss plan for HYPE
Based on the whale's average purchase of 37.35 USD and the nearby resistance zone, a short-term trading scenario can be established as follows:
Buy-in price (accumulation zone): 34 – 37.5 USD
Profit target (take profit):
Target 1: 42 USD – the nearest peak in May
Target 2: 48 – 50 USD, expecting a breakout if there is strong inflow
Stop-loss:
Level 1: 32 USD – below the nearest technical support zone
📌 Note: These are just reference points based on whale behavior and price trends, not investment advice.