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Hyperliquid whale sells $2.07M HYPE amid short-term price rejection, but long-term uptrend remains intact.

Technical Signals
29 Apr 2026
AMBCrypto
View Source
Neutral
pluang ai news

A major Hyperliquid whale sold $2.07 million worth of HYPE tokens after the price faced short-term rejection near $43.1, briefly dropping below $40. Despite this, HYPE maintains a bullish long-term trend supported by steady buy-side pressure and increased trading volume on the Hyperliquid DEX. Traders are advised to watch for a potential deeper pullback to the $36.87-$38.77 buying zone before the next upward move, with a bearish shift expected only if prices fall below $34.45.

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