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HYPE Rebound signal emerges: Whale sweeps $21.5 million at $22.
[Coin World] Recently, the market movements of Hyperliquid are quite interesting. Those big players didn't rug pull when the price fell; instead, they aggressively built a position near the support line of 22-24 USD, with single purchases exceeding 21.5 million USD. The signals behind this should not be underestimated—continuing net outflows from the exchange, coupled with a declining funding rate, indicate that the momentum of dumping is gradually being absorbed.
From a technical perspective, although HYPE is still under the pressure of a descending wedge, there are several details worth noting. The RSI indicator has entered the oversold zone, and seasoned traders are generally bullish now. Combined with the aggressive Build a Position actions from whales, the probability of a rebound is increasing, while the possibility of a continued fall is actually shrinking. This drop seems more like it is building momentum for the next wave of upward movement.