HYPE at $85.40: Weak Volume and Mixed Signals After $330M OTC Distribution
- —Price at $85.40, 12.80% below its all-time high of $97.93
- —Volume of $545.54 million is 42.33% below the 30-day average
- —RSI at 46.7 and a negative MACD point to weak momentum
- —On Oct. 7 Hyperliquid Labs distributed 3.75 million HYPE worth $330 million via OTC
Why it matters: Thin volume confirmation and supply pressure after the OTC distribution leave HYPE exposed to further correction.
Source: DiarioBitcoin