Hyperliquid’s HYPE token faces significant selling pressure near its $75 resistance level, with $77.38 million in institutional and whale sales challenging its recovery. Within six hours, 871,000 HYPE worth $64.82 million were sold through FalconX, while wallets linked to Syncracy moved $6.6 million to Wintermute. Exchange flows showed $9.66 million in positive Spot Netflow, increasing available supply in trading venues. HYPE price jumped from $53.67 to $75 before settling at $72.40, with RSI at 72.67 indicating overbought conditions. A decisive break above $75 could target $90, while failure would expose the $53.67 support level.
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