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Title: $3.6 mln HYPE leaves exchanges: Is a major rally on the horizon?
The cryptocurrency market has been plagued by uncertainty in recent weeks, with the majority of altcoins experiencing significant declines. However, amidst this turmoil, one token is showing signs of a potential reversal. Hyperliquid (HYPE) has recently experienced a 4.10% decline in value over the past 24 hours, trading near the $42.40 mark.
Despite this short-term decline, there are several indications that suggest HYPE’s price may be primed for a major rally. Over the past 48 hours, an astonishing $3.6 million worth of HYPE has left exchanges, signaling strong accumulation by investors.
As if this wasn’t enough, recent data from CoinGlass reveals that HYPE’s Relative Strength Index (RSI) currently stands at a neutral 49. This neutrality suggests the token is neither overbought nor oversold, leaving ample room for an upward move.
Source: ambcrypto.com
