#HYPE



According to the latest data from the on-chain analysis platform Lookonchain, it has been confirmed that multiple whales are actively buying up HYPE and PEPE tokens amidst overall market instability.

The range of $40 to $44 is recognized as a technical support zone, and if a rebound from this price range is confirmed, a recovery to the $50 level in the short term is also quite possible.

Additionally, the daily RSI (Relative Strength Index) shows a rebound from around the oversold area of 30 to 37. There is room for further upward movement toward neutrality.

Whale accumulation and the building of long positions could serve as a catalyst for sentiment improvement and can be seen as a signal indicating a market bottom.
HYPE-0.26%
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