HYPE is poised for a potential breakout as a significant whale has added a $7.9 million long position, indicating bullish sentiment. The cryptocurrency is currently trading below the $26 resistance level, with key price targets identified at $28, $34.90, and $42.60. Open interest in HYPE has reached $1.42 billion, with 62% of the volume being short positions. This setup suggests that an upward price movement could trigger a short squeeze, amplifying volatility. The contrasting strategies between whale investors and retail traders highlight the current market tension and potential for significant price shifts.