HYPE token price fluctuates amid $28.8 million whale accumulation

The HYPE token is experiencing price volatility following a rejection near $89 in early September. While the price has pulled back toward the $78 range, significant accumulation has been observed from a single large investor. Over a 15-day period, wallet 0x3305 purchased approximately 358,609 HYPE, valued at roughly $28.8 million.

Technical analysis indicates critical price levels for future movement. On the upside, breaking the $90 resistance could lead the token toward $100. On the downside, a failure to maintain the $76–$79 support zone could result in a decline toward $60. Current market structures show a short-term bearish trend characterized by lower highs, with traders watching the $81–$82 range as a key area to reclaim to signal a shift in momentum.