The post HYPE Whales Accumulate Near Support, Signaling Possible Wedge Reversal appeared on BitcoinEthereumNews.com.
Hyperliquid’s HYPE token is experiencing significant accumulation by large holders amid a recent price decline to around $22.26. Whales have added over 826,000 HYPE tokens worth more than $21.5 million, signaling strong conviction and potential downside absorption near key support levels, which could pave the way for a reversal. Whale Accumulation: Large investors acquired 427,441 HYPE at an average of $27.09 over two months and 398,830 HYPE at $25.22 in five days, totaling over $21.5 million. Descending Wedge Pattern: HYPE price is compressing near the $22–$24 support zone, with RSI at 35.26 indicating oversold conditions and weakening bearish momentum. Exchange Outflows: Net outflows reached -$971K on December 23, 2025, following larger withdrawals of $30M–$50M, reducing available sell supply and increasing sensitivity to buying pressure. Discover how whale accumulation in Hyperliquid’s HYPE token is countering price declines. Explore technical patterns, trader positioning, and funding rates signaling a potential reversal. Stay informed on crypto market shifts today. What Is Driving Whale Accumulation in Hyperliquid’s HYPE Token? Whale accumulation in Hyperliquid’s HYPE token has intensified during the asset’s recent price downturn, with major holders purchasing substantial volumes near support levels. This activity, totaling over $21.5 million in HYPE tokens, reflects confidence in the token’s underlying value despite broader market pressures. Data from on-chain analytics shows whales adding 427,441 HYPE at an average price of $27.09 over the past two months and another batch of 398,830 HYPE worth $10 million around $25.22 in just five days, indicating strategic buying rather than opportunistic trading. How Are Exchange Netflows Influencing HYPE Token Supply? Exchange netflows for HYPE have turned consistently negative, underscoring the accumulation trend beyond mere price movements. On December 23, 2025, outflows amounted to approximately -$971,000, continuing a pattern of significant withdrawals that previously exceeded $30 million to $50 million. These movements suggest that…