HYPE Reaches New All-Time Highs Above $70 – A Legendary Trade Turns Green
HYPE is breaking to new all-time highs above $70–$72 despite broad crypto market weakness. A notable example of conviction is wallet 0x082e, which opened a 5x leveraged long on 1.38 million HYPE tokens six months ago, worth about $99.77 million notional. The position stayed open through volatility and a peak unrealized loss of more than $25 million. It now shows over $46 million in unrealized profit, reflecting a roughly $71 million swing from worst point to current gain. Momentum remains strong: HYPE has rallied more than 240% from its January low near $21, recently broke above the $60–$65 resistance zone on strong volume, and trades above its 50-day, 100-day, and 200-day moving averages. Near-term support is around $70, with $60–$65 as the deeper pullback zone.
