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$HYPE Brothers, HYPE’s chart today is going straight downhill—over the past 24 hours it’s dropped more than 10%, and the $60 integer level got broken just like that.
The biggest pit right now is big-money liquidation and a stampede. Big Bread (6.4万) losing the 64,000 level has dragged the whole market down. On top of that, a suspected a16z-linked whale just went on a frenzy and smashed 470,000 HYPE into exchanges, and on-chain whales are still openly holding heavy short positions to take profit—funds are running.
In the short term, the overhead ceiling resistance is in the 63.0-64.5 area. On the downside, look for floor support around 55.0; if it breaks, then defend at 52.6.