HYPE reclaims $40 with $8.6M whale buy – Can it break ATH soon?

Key Points

1. Over 200,000 HYPE tokens were acquired by a whale, adding $8.6M in liquidity and signaling potential upward movement.

2. HYPE's price increased by 6.58% in 24 hours, reclaiming the $40 level after a brief pullback.

3. Futures trading activity for HYPE has risen, with the Funding Rate at 0.0084% and Open Interest up by 4% to $1.84B.

4. Market analysis suggests HYPE could rally 41% to $56 if bullish momentum continues, but may remain range-bound if sentiment weakens.

5. The token is at a critical juncture, with potential to reclaim its all-time high of $45.80 if buying pressure persists.