$3.6M HYPE Exodus from Exchanges: Is This the Quiet Before an Explosive Market Surge?
Based on recent price action, HYPE has the potential to soar 45% from the current level, with the price possibly reaching the $60 mark in the near future.
As of press time, HYPE’s Relative Strength Index (RSI) was 49, indicating that the asset was neither overbought nor oversold, but was in neutral territory.
This suggests that the asset had strong potential to see upside momentum if market sentiment shifts.
Bullish on-chain metrics
Data from the on-chain analytics tool CoinGlass revealed that over $3.5 million worth of HYPE has left the exchanges over the past 48 hours, signaling strong accumulation by investors.
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