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Injective Price Tests Key Support as Bullish Momentum Builds Toward $50 Rally

By | Edited By Ammar Raza,,

Injective (INJ) is testing a long-term support zone that previously led to strong rallies, while technical indicators show early bullish momentum for the Injective price. Rising network activity and record user growth suggest stronger adoption, placing the asset at a key point where it may either continue its uptrend or weaken.

At the time of writing, INJ is trading at $5.10 with a 24-hour trading volume of $133.35 million and a market capitalization of $510.5 million. Despite the signs of stability over the last 24 hours, the question is whether the INJ price structure and network growth could lead to new highs.

Injective price chart

Source: CoinMarketCap

Injective Price Suggests Possible Run Toward $50+

According to the crypto analyst Third Eye, the Injective price has been retracing back to another very important long-term macro trendline, which it has hit near the price of $5.30, representing a strong accumulation zone in history. 

Past encounters with this level were followed by some very explosive moves upwards over 1,000%, making for a strong bullish case around this trendline.

Injective Price Suggests Possible Run Toward $50+

Source: Third Eye’s X Post

The question on everyone’s mind is if the pattern continues. Optimists predict a return to the $40-$50+ range based on this historical repeat. 

However, there are others who believe that the cycle in markets could render previous performance obsolete. The Injective price now stands at an important crossroads, and depending on whether growth or failure occurs, it will be clear what the future holds.

Also Read: Injective (INJ) Price Analysis: Elliott Wave Structure Points Toward $13.17

MACD Bullish Crossover Point to Improving Sentiment

According to TradingView, the Injective price is characterized by a bearish macrocycle, as it drops from its high point at $34.00 to the crucial low point of $2.50. Yet, there is a very strong bullish turnaround going on in the process. 

The Injective price has crossed over the 3.71374 midline of the moving average and reached the 5.65183 Bollinger Band with the closing price at 5.09840.

MACD Bullish Crossover Point to Improving Sentiment

Source: TradingView

The momentum indicators further support this structural shift in trend for the Injective price. The blue line on the MACD indicator has decisively moved above the orange signal line from -1.03891 to -0.45820. 

However, the histogram indicator is printing positive green candles at 0.58071 amid expansion. Furthermore, the Injective price is experiencing a breakout from its accumulation stage as the lower band rises to 1.77565.

Injective Hits Record 91.5K Daily Active Users

The data from Everstake further highlighted that the ecosystem momentum in Injective continues to be strong, especially considering that the platform has surpassed 91,500 daily active users, setting another record. 

Month-over-month growth has been evident through increased participation on the platform’s DeFi ecosystem. This can be attributed to increasing app usage, development, and financial activity on-chain.

Injective Hits Record 91.5K Daily Active Users

Source: Everstake’s X Post

Injective’s increase in usage comes through sustained growth, instead of peaks, indicating consistent demand for Injective’s top-notch trading and decentralized finance infrastructure. 

Higher utilization by builders, validators, and end-users has resulted in further network effects. As the network becomes larger, it matures to become a fully functional liquidity-based on-chain financial system.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Injective Price Falls 17% After Major Support Break, More Downside Ahead?

Bhutan Bitcoin Transfer Moves 738 BTC to New Wallet

By | Edited By Ammar Raza,,

Bhutan Bitcoin activity drew attention after the Royal Government of Bhutan transferred 738 BTC. The assets were worth about $44.9 million, according to blockchain transaction data. The transfer shifted the assets from government-associated wallets to a new external address.

Arkham data shows that the transfer came from wallets associated with Druk Holding & Investments, Bhutan’s state investment company. The receiving wallet was newly created. No public reason has been provided for the wallet movement.

Also Read: Professional Bitcoin Holdings Fall 17% as Hedge Funds Exit Positions

Bhutan Bitcoin Transfer Raises Market Attention

The Bhutan Bitcoin transfer was notable, as the significant wallet transactions by the government can impact the trader sentiment in the market. 

These activities can include changes in custody, restructures in operations, or preparation of settlements over the counter. However, the available blockchain data does not show that a sale took place.

With state-backed Bitcoin mining, Bhutan is emerging as a significant sovereign player in the crypto sector. Unlike many governments that acquire digital assets primarily through seizures or enforcement proceedings, its approach is unique. 

Instead, Bhutan has created Bitcoin exposure by operating Bitcoin mining facilities powered by hydropower.

Bhutan’s involvement in Bitcoin is a unique scenario in national digital asset policies. The nation has made its energy resources directly connected to Bitcoin production. As a result, wallets connected to Bhutan remain under blockchain analyst watch.

The recent transfer comes after earlier transactions from wallets linked to Bhutan. During the month of April 2026, the Royal Government of Bhutan transacted 319.7 BTC. The purpose of that transaction also remains unknown at this point.

Source: Lookonchain

Bitcoin Wallet Transfers Draw Liquidity Speculation

The miner movement in April coincided with a broader trend of activity across the crypto sector. Miners were reacting to the cost of energy, the difficulty of mining, and market conditions. The hashrate of the Bitcoin network also remained steady around 1.107 zettahashes per second.

Large money moves are usually noticed because traders look for potential liquidity signals. However, wallet transfers do not necessarily indicate selling or exchange activity. Digital assets are frequently transferred for security, accounting, or custody reasons.

The latest Bhutan Bitcoin transaction still has no publicly confirmed purpose. It is an indication of ongoing activity on wallets associated with Bhutan’s reserves. It also emphasizes the fact that sovereign crypto holdings are not hidden behind any public blockchain tracking.

Market participants are likely to continue observing Bhutan Bitcoin wallets following the 738 BTC transfer. Additional activity may give more information on custody or reserve management. For now, the transaction shows active handling of Bhutan Bitcoin reserves without confirmed disposal.

Also Read: Galaxy Research Warns CLARITY Act Could Face Major Delays in 2026

TRON Price Analysis: Bullish Structure Holds as Traders Eye $0.45 Breakout

By | Edited By Ammar Raza,,

TRON (TRX) remains in a bullish structure with higher highs and higher lows intact for the TRON price while holding key support despite recent volatility. Momentum has slowed, but the broader trend stays positive with buyers defending levels. A new U.S. listing may improve access, liquidity, and long-term demand.

At the time of writing, TRX is trading at $0.3224 with a 24-hour trading volume of $621.09 million and a market capitalization of $30.57 billion. Despite the signs of stability over the last 24 hours, the question is whether the TRX price could maintain its key support to keep the bullish trend intact.

TRON Price Chart

Source: CoinMarketCap

TRON Price Structure Points to a Rally Toward $0.45+

According to the crypto analyst ELIX, the bull setup is still intact for the TRON price despite the formation of the negative wick of -8.65%. 

The TRON price is still staying above an ascending trendline and a strong demand zone, which indicates that the buyers are fighting to maintain the support line in their favor.

TRON Price Structure Points to a Rally Toward $0.45+

Source: ELIX’s X Post

Reclamation of the area around $0.33-$0.34 will enhance the momentum for the TRON price, with further movement toward $0.36 likely and even higher levels of $0.40-$0.45+ possible if we get another bullish year of 2026. 

The positive fundamentals due to utility demand, along with the strong technical picture, remain supportive of the bull case.

Also Read: TRX Price Eyes $0.366 Breakout as Inverse Head and Shoulders Pattern Forms

TRX Weekly Outlook Points to a Cautious Approach

According to TradingView, the TRON price is currently experiencing a bullish trend in the long term but faces immediate pressure to sell. 

However, its current candlestick is bearish as the TRON price falls by 8.16% to $0.32230 with an attempt to reach the 20 EMA at $0.32415. However, the uptrend continues since the 50, 100, and 200 EMAs are

TRX Weekly Outlook Points to a Cautious Approach

Source: TradingView

However, MACD signals that the TRON price momentum is slowing towards mid-2026 as it continues higher. Even though the MACD value at 0.01331 and the signal line at 0.01056 still show that the former is above the latter, there is an indication of slowdown, with the MACD histogram falling to 0.00275.

TRX Enters U.S. Market via Bitnomial Spot Listing

The data from the TRON DAO further highlighted that it has been announced by TRON that their native crypto coin, TRX, is now spot listed on the exchange BitNomial. 

This listing will give U.S.-based traders easy access to TRX via an exchange that is regulated, thus increasing their exposure to one of the busiest blockchain communities.

TRX Enters U.S. Market via Bitnomial Spot Listing

Source: TRON DAO’s X Post

TRX is used in making transactions, executing smart contracts, and running decentralized applications on the TRON blockchain network. Additionally, it enables certain governance operations that impact the development of the network. 

This listing will make liquidity more available by adding TRX to the regulatory framework of the U.S. financial system.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: TRX Price Pulls Back After May Rally: Can Institutional Buying Trigger a New High?

ALGO Price Forecast: Can it Break Above $0.1319 Resistance?

By | Edited By Ammar Raza,,

Algorand (ALGO) price continues to face strong bearish pressure with sustained weekly declines and weak momentum across timeframes. Selling dominance persists despite rising trading activity, keeping price below key resistance zones. Recovery depends on reclaiming higher levels, while AI payment integration adds a long-term growth narrative for prospects.

ALGO Price Holds Near Support Levels

Algorand (ALGO) price is currently trending lower, showing weakness across both short-term and broader timeframes. Over the past 24 hours, ALGO has declined nearly 1.93%, reflecting continued selling pressure in the market.

On a broader weekly scale, the token is also down by 26.35%, highlighting sustained bearish momentum despite occasional intraday fluctuations.

ALGO current price chart
Source: CoinMarketCap

According to CoinMarketCap data, the token is trading at $0.09337, supported by rising market activity. The 24-hour trading volume stands at $65.2 million, reflecting a 23.07% daily increase and strengthening trading participation.

Meanwhile, market capitalization is valued at $833.26 million, marking a 1.94% decline over the same period despite improving momentum in trading volume.

Also Read: ALGO Price Eyes Major Breakout to $0.135 After Strong Recovery From Lows

ALGO Key Resistance Levels Define Recovery Attempt

ALGO price remains in a strong weekly downtrend after closing at $0.0930, down 27.05% for the week. Price sits below the Tenkan-sen ($0.1137), Kijun-sen ($0.1125), and the entire Ichimoku Cloud, confirming bearish control.

Immediate resistance lies at $0.1024, followed by $0.113–0.114 and $0.1319. A weekly close above these levels would be needed to improve the structure.

The Ichimoku Cloud remains heavily bearish, with Senkou Span A at $0.1131 and Senkou Span B at $0.2078, creating a thick resistance zone. The recent recovery rally failed near cloud resistance and produced a sharp rejection candle.

As long as price remains below $0.1131, rallies are likely corrective. A break above $0.1319 could target $0.1600–$0.1800, while clearing $0.2078 would signal a major trend shift.

ALGO price prediction chart
Source: TradingView

The downside target is located near the lower border of the Bollinger band at the level of $0.0730; this level is tested on solid support.

In case of its breach, further price trajectory will be aimed at $0.0600, while additional selling pressure may result in a decline to $0.0500.

Upside targets remain unchanged at $0.1024, $0.1137, $0.1319, and finally at $0.2078. Downside anchors will be at $0.0730, $0.0600, and $0.0500. Weekly market setting remains, according to the TradingView chart.

AI Native Payments Could Drive Growth

In a quiet move, Algorand is positioning itself in the field of agentic commerce, integrating itself into the payment ecosystem that runs on artificial intelligence.

This is achieved through its partnership with Google in developing the Agentic Payments Protocol (AP2).

Algorand is well-poised to be ready for AI-based payments as the rest of the world races towards smart commerce.

With increased integration into the protocol and continued support from the ecosystem, Algorand ensures its position in automated financial systems that facilitate seamless machine-to-machine payments, adding to the possibility of further price gains.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ALGO Price Analysis: Buyers Defend Key $0.17 Zone, Targeting $0.50 Recovery

XRP Price Struggles at $1 Support While Bullish Cycle Targets Stay Locked at $5, $10

By | Edited By Ammar Raza,,

XRP price continues facing downward pressure due to uncertainties in the market. The activity level remains high, but confidence is low due to many participants reducing their holdings instead of establishing their positions. However, there are signs of accumulation being established at a lower price.

At the time of writing, XRP is trading at $1.07, extending its recent weakness with a 5.23% drop over the last 24 hours. Despite the decline, market activity remains active, with $5.46 billion in 24-hour trading volume and a $67.09 billion market cap, showing that interest around XRP price is still strong even during pullbacks.

XRP price chart
Source: CoinMarketCap

Also Read | SpaceX and Google $920M AI deal reshapes global compute market

XRP Price Weakens as Market Activity Sends Mixed Signals

On June 6, 2026, crypto analyst Crypto Patel expressed his opinion concerning the present XRP price, pointing out that the trading close to the $1 mark might be quite uncomfortable for the investor due to the fact that the asset remains about 71% below the historical maximum.

XRP price chart
Source: Crypto Patel’s X Post

Rather, the best chances will usually arise where there is a lack of confidence and hesitation. According to him, the current price range for XRP, from $1 to $0.60, could be a great accumulation ground.

He also noted that although smaller owners are getting out of the position because of the fear of more declines in XRP price, bigger players might be quietly stepping up their holdings. He still sees the possibilities for XRP price in the long term within $5 and $10 in case of a full-on bull run.

XRP Data Shows Rising Activity but Lower Positioning

The latest information from the market indicates a combination of factors surrounding the price of XRP. The trading volume was seen increasing by 20.70% to $4.73 billion, which means there are high expectations in the market despite a lack of clear direction. Meanwhile, the open interest has decreased by 4.89% to $2.32 billion.

XRP open interest and volume chart
Source: Coinglass

Funding data provides additional information. The OI-weighted funding rate stands at -0.0022%, indicating that there might be an indication of being somewhat biased towards the short side. This reveals the element of prudence, as investors do not get too much into the long side despite the high trading volume on the XRP price.

XRP OI Weighted chart
Source: Coinglass

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Solana Price Slips Sharply as Market Eyes Long-Term Target Range of $500 to $1,000+

Galaxy Research Warns CLARITY Act Could Face Major Delays in 2026

By | Edited By Ammar Raza,,

Galaxy Research has reduced the probability of passage of the CLARITY Act in 2026 to 60% from an initial prediction of 75%. This is due to growing concerns about the jam-packed Senate calendar, as well as unresolved policy issues. Speaking on this development, Alex Thorn, the Head of Research at Galaxy Digital, noted that although there is solid backing for the market structure bill, Galaxy Research sees time as a major obstacle.

Clarity Act
Source: Alex Thorn’s X Post

Also Read | Litecoin Price Breaks Major Support, Setting Up Potential Move Toward $100 and $300

Galaxy Research Points to Senate Calendar as Key Obstacle

As noted by Galaxy Research, it is not an absence of political will but rather a scarcity of legislative time in the US Senate that presents a serious obstacle to the successful passage of the CLARITY Act into law. According to Thorn, members of Congress will have to dedicate a significant part of their future sittings to FISA-related concerns.

Furthermore, the Senate has given attention to other pieces of legislation within the year, leaving little room for bills about cryptocurrency. In light of these circumstances, Galaxy Research has lost its confidence regarding the rapid passage of the CLARITY Act through the Senate.

A second issue brought up by Galaxy Research is the debate about ethics guidelines for lawmakers and the measures designed to tackle illegal financing. According to Thorn, these questions remain unresolved and must be settled for the bill to proceed.

Even with the downgrade in chances of gaining approval, Galaxy Research still sees good prospects for the bill’s future. According to Thorn, the lower estimate was due to scheduling issues and not a drop in support for crypto regulations.

Why the CLARITY Act Is Important for Crypto Markets

The CLARITY Act is deemed to be among the most important cryptocurrency bills that are being debated in Washington at present. The bill seeks to set out the regulatory scope for both the SEC and CFTC.

According to the model, digital currencies that will be considered as commodities will be within the purview of the CFTC, whereas digital currencies deemed as securities will be under the domain of the SEC.

It is stated by supporters that clear federal regulations will lower uncertainty among crypto companies, increase innovation within the US, and keep such businesses from relocating abroad.

As earlier reported by Senator Cynthia Lummis, mid-July is the deadline for passing any market structure legislation regarding crypto to be brought before the Senate. This report has raised hopes within the industry that there may be a move towards setting a full framework.

But then again, according to the recent evaluation by Galaxy Research, the timetable will be affected. The key point here is that Thorn said that the decreased probability is due to issues with the scheduling process and other bills in Congress.

According to the new information coming out of Galaxy Research, although regulatory certainty is a key focus area for the crypto industry in Washington, the passage of the CLARITY Act may take more time than expected.

Also Read | Securitize Public Listing Moves Ahead With Cantor Deal

Binance Coin Price Holds $570 as Resistance Triggers Market Uncertainty

By | Edited By Ammar Raza,,

The Binance Coin Price is currently hovering near a crucial technical area as traders closely monitor short-term market direction. The asset is showing short-term weakness while still maintaining its broader position among leading crypto tokens. 

Binance Coin (BNB) is currently trading close to $580.71, showing a day drop of 2.16%, per the latest market data. In addition, the token has shown a daily trading volume of $3.64 billion, a market capitalization of $77.73 billion, and a market dominance of 3.72%, which indicates the continued strength of BNB among other major crypto assets despite the short-term weakness.

BNB price chart
Source: TradingView

Also Read | Solana Price Slips Sharply as Market Eyes Long-Term Target Range of $500 to $1,000+

Binance Coin Price Accumulation Zone 

An analysis posted by Crypto Analyst Crypto Patel has gained traction in the crypto market, especially after the analyst highlighted a long-term plan to accumulate BNB. According to the analyst, in case BNB breaks into the $500-300 zone, he plans to start accumulating the asset in spot positions but without using any leverage.

The post highlights a contrast between panic-driven selling and long-term accumulation behavior, suggesting that bearish phases often present discounted entry opportunities for investors with extended time horizons. Crypto Patel also shared ambitious long-term price targets of $2,000, $3,000, and $5,000, while stressing that wealth is typically built during bear markets rather than bullish euphoria.

BNB price analysis
Source: Crypto Patel’s X Post

BNB Key Resistance Zone $570

The Binance Coin Price is currently trading close to a key resistance level of $570, resisting breakouts since the early 2026 levels. Multiple failed attempts to break and hold above $570 have confirmed that the zone represents a significant supply zone. The price action has seen multiple failed attempts to break above $570 and even $569.

BNB technical price analysis
Source: TradingView

However, in the case of a successful breakout above $570, there could be an opportunity for more bullish continuation. If so, the targets will be $632, $682.5, and even $728.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read | Binance Stablecoin Reserves Climb to 28% as Bitcoin Dominance Holds at 57%

Professional Bitcoin Holdings Fall 17% as Hedge Funds Exit Positions

By | Edited By Ammar Raza,,

Professional Bitcoin Holdings declined sharply in Q1 2026 as institutional investors shifted their positioning across major groups. According to the latest CoinShares’ report based on 13F analysis, institutional holdings dropped from 313,000 BTC to 261,000 BTC, marking 17% quarter-over-quarter decrease for the filing institutions during the reporting quarter.

Collectively, the filing institutions sold 52,500 BTC during the reported period, which can be seen as concentrated selling by institutional investors. More specifically, hedge funds and brokerages were responsible for almost 95% of the reductions. This means that most of the selling pressure was exerted by high-turnover trading institutions during the reported quarter.

Bitcoin holdings by hedge funds were cut significantly by 39%, while holdings by brokerages decreased 53% over the quarter. The drop indicates increased risk-aversion on the part of institutional players who trade bitcoin. Such a significant fall can reflect the high-volatility environment in early 2026 across crypto market trading desks globally.

Bitcoin holdings
Source: CoinShares’ X Post

Also Read | Securitize Public Listing Moves Ahead With Cantor Deal

Institutional Bitcoin Holdings Selling Concentrated in Trading Desks

The drop in professional Bitcoin Holdings was paralleled by a sharp Bitcoin price correction over Q1 2026. Bitcoin lost 22% over the quarter, extending prior losses and even falling below the $60,000 level, trading nearly 50% off of the October 2025 all-time high above $126,000.

Professional Bitcoin Holdings
Source: CoinShares

Currently, Bitcoin is trading around $61,045 with a 24h trading volume of $105.38B and a market capitalization of $1.22 trillion. Its market dominance stands at 58.66%, and its price falls 1.06% daily.

BTC price chart
Source: CoinGecko

Regulatory Developments Offer Long-Term Support

CoinShares noted that Q1 included significant regulatory progress in the United States aimed at improving clarity between the Securities and Exchange Commission and the Commodity Futures Trading Commission. Additionally, discussions took place regarding expanding the treatment of digital assets in retirement accounts.

Furthermore, CoinShares pointed out increased institutional recognition of Bitcoin’s value as an investment and asset management product. This is particularly reflected in major asset management firms recognizing Bitcoin’s value as a portfolio component. The spotlight remains on the CLARITY Act, which aims to define the market structure and regulate Bitcoin trading.

Also Read | Chainlink Price Near $7.4 Rebound Zone as LINK Expands Stablecoin Infrastructure

ADA Price Forecast: Fibonacci Support Signals Recovery Toward $0.54 Target

By | Edited By Ammar Raza,,

Cardano (ADA) price remains in a major A-B-C corrective phase near key Fibonacci support. Indicators show strong bearish momentum, but a short-term recovery is possible before further downside. Despite price weakness, the Cardano ecosystem continues active development, supporting long-term network resilience and investor interest.

ADA Price Forecast Highlights Key Targets

Cardano (ADA) price remains in a large A-B-C corrective structure on the weekly timeframe. Wave A formed during the 2022–2023 bear market, while Wave B peaked near $1.10 in late 2024.

ADA price has since entered Wave C and currently trades around $0.155, close to the 78.6% Fibonacci support level at $0.163.

The chart suggests Wave 3 may be nearing completion, potentially triggering a Wave 4 recovery. Key resistance levels for this rebound are located at $0.334 (38.2%), $0.425 (50%), and $0.541 (61.8%).

ADA Price Prediction Chart
Source: @Morecryptoonl

From the current price of $0.155, these targets imply gains of approximately 115%, 174%, and 249%, respectively, according to the crypto analyst More Crypto Online.

Despite the possibility of a relief rally, the broader trend remains bearish below the descending resistance trendline.

The projected Wave 5 decline targets $0.092 at the 100% extension level, with deeper downside levels at $0.049 (123.6%), $0.034 (138%), and $0.018 (161.8%). A sustained move above $0.541 would significantly weaken this bearish Elliott Wave outlook.

Also Read: ADA Price Signals Potential Reversal  to $0.27 Despite Ongoing Pressure

ADA Momentum Indicators Reflect Seller Dominance

The Cardano momentum indicators are definitely not hot anymore. The Cardano (ADA) RSI (14) is currently at 12.04, while the signal line is at 29.74, indicating very oversold levels of the Cardano (ADA) price action.

The RSI below 30 indicates that there is heavy selling pressure in the market, despite a temporary pullback.

ADA TradingView Chart
Source: TradingView

The MACD continues to suggest a weak technical outlook, as the MACD is moving lower than the signal line with values of -0.02097 and -0.01210, respectively.

The histogram is placed below zero with a value of -0.00887, signaling further downside pressure.

Developers Keep Building Across Cardano Network

However, in Cardano (ADA), there appears to be a looming correction in the short term as market sentiment remains under pressure.

Nonetheless, the trading dynamics as well as the continued focus on the currency indicate that interest remains unchanged.

Source: @MinswapIntern

Cardano’s ecosystem is still vibrant, active, and growing, characterized by continuous projects, active participation from the community, and network usage.

Even during market slumps, the community and developers maintain their activity levels, ensuring continued growth of the ecosystem. Prices may recover and move up again, which is why some traders expect a possible upside ahead.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: ADA Price Enters Accumulation Zone: Could It Make a Rebound Toward $0.50?

Hyperliquid Price Crashes to $56: Is HYPE’s Rally Over or Just Pausing?

By | Edited By Messam Raza,,

Hyperliquid price was under significant downward pressure due to the overall market correction following the fall in the price of Bitcoin. This resulted in the token dropping to its lowest point at $56. 

At the time of writing, Hyperliquid price stands at $59.49, with a 24-hour trading volume of $2.99 billion and a market cap of $15.07 billion. However, despite bouncing back from its recent low, the HYPE price is currently trading lower by 0.63% on a daily basis.

HYPE Price Chart

Source: CoinMarketcap

Hyperliquid Price Breaks Key Ascending Trendline

According to crypto analysis platform FOUR, Hyperliquid price has broken below a critical ascending trendline that had supported the token’s bullish structure throughout its recent rally. The breakdown signals weakening bullish momentum and raises the possibility of a deeper correction if buyers fail to reclaim lost support levels.

Hyperliquid Price Breaks Key Ascending Trendline

Source: X

The loss of trendline support comes as Bitcoin’s decline continues to pressure altcoins across the market. Historically, such breakdowns often lead to increased volatility as traders reassess market direction and key support zones.

Analysts note that a quick recovery above the broken trendline would help restore confidence. However, failure to do so could leave HYPE vulnerable to additional downside pressure in the near term.

Hyperliquid price Maintains Strong Long-Term Bullish Structure

Despite the recent correction, the broader technical outlook for Hyperliquid price remains constructive. HYPE recently surged to a local high near $75 before entering a cooling phase driven by profit-taking and broader market weakness.

The token continues to trade above all major exponential moving averages, a sign that the long-term trend remains bullish. The 20-day EMA currently sits at $60.96, while the 50-day EMA is positioned at $52.82. Longer-term support remains intact with the 100-day EMA at $46.18 and the 200-day EMA at $41.01.

HYPE Price Maintains Strong Long-Term Bullish Structure

Source: Tradingview

The alignment of these moving averages suggests that buyers still control the broader trend despite short-term weakness. As long as HYPE remains above the 50-day EMA, the overall market structure favors bulls.

Also Read: VIRTUAL Price Sets Sights on $1 as Chainlink CCIP Upgrade Boosts Confidence

MACD Flashes Bearish Signal as Momentum Cools

While there are long-term fundamentals that suggest a positive trend, short-term signals show a decline in momentum, with the crypto having dropped below its 20-day exponential moving average recently, signaling a slowdown in bullish momentum despite the sharp rise seen recently.

Furthermore, there is also a bearish MACD crossover that shows an increasing level of downward pressure on prices, with the MACD line having moved below the signal line, and the histogram being negative. However, even with a bearish MACD crossover, the formation of a downtrend is still unlikely.

Key Support and Resistance Levels 

The critical support area at the moment is around $52 to $53, which is very close to the 50-day EMA. Holding this range will increase the probability of more bullish activity in the long term and create a base for a possible rebound.

As far as resistance goes, breaking above the 20-day EMA at $61 is the first indication that buyers have taken control. A break above this level could help boost morale and allow the price to potentially test new levels closer to $75.

At the moment, traders are only concentrating on whether the price is able to hold support above crucial moving averages despite unfavorable conditions in the cryptocurrency space.

Can Hyperliquid Price Recover After the Pullback?

Hyperliquid is still among the top-performing digital assets during the ongoing market cycle even in light of its pullback. Nevertheless, the near-term price movement of the token will probably be dictated by Bitcoin’s stability and the entry of buyers at crucial support levels.

As long as HYPE manages to maintain itself above the $52-$53 range and break higher around significant resistance zones, the bullish trajectory may hold. Otherwise, volatility will most certainly continue as the markets react to macroeconomic and crypto-related events.

This article contains market analysis and price predictions. These are not guarantees. Crypto markets are volatile. Always DYOR. Not financial advice.

Also Read: Solana Logs 8 Straight Red Months, Down 36.4% in 2026