Experts Reveal Buy Zone for HYPE as Traders Fear a Potential $107M Sell-off

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Hyperliquid’s HYPE token took a little tumble on September 16, sliding 2% as traders suddenly found themselves clutching their pearls over a potential $107 million sell-off. This all stems from a whale, that monstrous creature of the crypto deep, who purchased and staked a juicy 2 million HYPE tokens nine months ago and has now decided to, you know, move things around.

According to the fine folks at LookOnChain, this whale, who clearly has a taste for the finer things in life, deposited a whopping $17.4 million USDC through three wallets. This, of course, allowed them to scoop up HYPE tokens at a modest average price of $8.68. No biggie, right?

After toying around with their tokens by splitting them across nine wallets for staking, this whale-who might or might not be an actual sea creature-finally applied to unstake a week ago. By September 15, the tokens were officially freed. Oh, the suspense! 🐋💸

So, here’s the deal: A whale who bought 2M $HYPE (at $8.68, mind you), now holding $107.2 million in value, is about to sell for massive profits. Big move, or a big mistake? 🤔

– Lookonchain (@lookonchain) September 16, 2025

At the time of writing, HYPE is fluttering around the $52.6 mark, positioning the whale’s stash at a staggering $107.2 million. That’s a paper profit of nearly $89.8 million, which has traders biting their nails about a potential sell-off that could rock the market. Sounds dramatic, doesn’t it? But that’s crypto for you!

In an even more exciting twist, another big investor, who recently pocketed a cool $50 million in profits, has now opened a 3x leveraged short on 303,901 HYPE. That’s about $16 million of bets that things might take a downturn. Talk about a bearish mood! 🦇

Current HYPE Price: A Good Entry Point?

Despite the suspense in the air, HYPE is stubbornly hanging around the midpoint of a rising parallel channel that’s been going on since late July. Analysts are whispering that if HYPE does dip down to the lower end of this channel, around $50 or even $47, it might just be the perfect opportunity to buy the dip. Buy low, sell high, right? Well, maybe.

Some crypto enthusiasts believe this price pullback is merely a temporary blip, a little hiccup before HYPE prepares for a glorious comeback. After all, Hyperliquid is about to launch its USDH stablecoin, which is supposed to work wonders for HYPE’s long-term prospects. Let’s see if that does the trick. 🪙

At the moment, the RSI is sitting pretty in neutral territory, meaning the bulls and bears are having a little standoff. No one’s giving an inch yet.

HYPE price chart with RSI and MACD. | Source: Trading View

Meanwhile, the MACD is looking like it’s in the middle of a dramatic showdown, narrowing toward the signal line, suggesting that the bullish momentum is weakening. If a bearish crossover happens, we could be seeing a decline toward that sweet support zone at $50-$47. Hold on to your hats, folks!

But wait, if the MACD decides to break free from its doldrums and start moving upward, we could see resistance near $55 and, who knows, maybe even a glorious surge toward $60. The excitement never ends!

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2025-09-16 18:51