HYPE trades 12% below all-time high on elevated volume
- —Price at $86.15, 12.03% below the all-time high of $97.93
- —Daily volume of $1.08 billion is 11.92% above the 30-day average
- —MACD is bearish, RSI at 47.6, price below SMA-7, SMA-15 and SMA-30
- —Hyperliquid Labs distributed 3.75 million HYPE worth $330 million via OTC on October 7
Why it matters: HYPE still holds above its SMA-90 and SMA-200, but weak short-term signals and OTC supply weigh on price — traders should wait for level confirmation.
Source: DiarioBitcoin