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