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Hyperliquid Attempts Breakout above $19-Will the Bulls Push Through?

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HYPE has surged 8% in price, with a high trading volume, while testing a key resistance zone. This suggests potential accumulation amid an upcoming ecosystem fee discount.

Hyperliquid, the rising decentralized finance ecosystem, has made a major announcement regarding the future of crypto trading on its network. The ecosystem announced plans to launch a new fee discount on May 5. Following this news, traders have shown optimism and are potentially accumulating the coin in anticipation of more gains.

The daily chart shows HYPE has bounced off a key support zone twice, indicating a price reversal. The coin’s bullish momentum has strengthened, and it is testing the $19 key resistance zone as the bulls step in cautiously.

According to renowned crypto analyst, Solberg Invest, a confirmed breakout above the $19 key resistance zone could see HYPE rally to $36 in the mid-term. Following the recent discount announcement, HYPE could break this zone and begin its rally.

With the MACD (12,26) and moving averages suggesting a “strong buy”, Hyperliquid is geared up for a rally. Traders are closely monitoring HYPE at the $19 resistance zone for further insights.

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XRP Gains Bullish Momentum Eyeing $5 amid Price Breakout

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XRP has broken out of a major pattern with a high trading volume. Is a bullish rally on the horizon?

XRP has caught the market’s attention following a 69.42% increase in its 24-hour trading volume amid a major breakout. According to CoinMarketCap‘s data, the coin is trading at $2.29 and has surged nearly 3% with a rising open interest (+6.6%), at press time.

This comes after weeks of price consolidation inside a falling wedge pattern, making lower highs and lower lows.

Looking at the chart on a higher timeframe (3-day), the XRP price is consolidating above its descending trendline in this pattern formation. With a positive Open Interest (OI) Weighted funding rate, XRP bulls are gathering strength.

Technical analysis by crypto analyst Captain Faibik has revealed $5 as XRP’s next target following this breakout. With the long-short ratio standing at 2.09, the bulls dominate the market, and XRP’s rally could be due in the next few days.

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partyushgoyal

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Bonk Flashes Signs of Bullish Reversal amid THIS Breakout

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Bonks appears to have broken above its descending trendline, suggesting a possible bullish reversal.

Bonk has recently broken from a long-term descending trendline following weeks of making lower highs and lower lows. As of press time, Bonk was trading at $0.00001825 with a slight price fluctuation. According to renowned crypto analyst, World of Charts, if the bulls step in with a high buying pressure, Bonk could begin its uptrend rally.

Looking at the 1-day chart, Bonk’s price is consolidating above its descending trendline and has also broken above a key resistance zone after retesting it several times. The memecoin has seen its trading volume and price surge as buyers jump in.

If Bonk bulls keep pushing above this level with a strong momentum, the memecoin could rally towards the $0.00003000 in the short term while targeting the 0.00005000 key resistance level. Traders are closely watching BONK’s momentum and changes in open interest at this level for further insights.

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Crypto Market Weekly Capital Inflow Hit $9B amid Renewed Investor Interest

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The crypto market has seen a positive capital inflow of nearly $9 billion, suggesting heightened investor interest and confidence.

Following weeks of mixed signals, the crypto market is flashing signs of a boom. A fresh capital inflow into the market signals rising investor optimism and growing confidence in the brewing bullish momentum. Recent Glassnode data has revealed a $9 billion surge in positive capital inflow in the market.

Bitcoin and Ethereum have led the market in capital inflow in the past week, with the stablecoin market rallying behind. When new capital enters the market, the prices of cryptocurrencies tend to surge as demand rises. Fresh capital inflow suggests potential accumulation of digital assets by both retail and institutional investors.

While the market may not see an immediate price upsurge, the rising demand could trigger price rallies in the next few days as the long-short ratio increases. Selling pressure tends to decrease as investors take note of the capital inflow metric in anticipation of higher gains.

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BTC Futures Monthly Open Interest Surges 20%- What’s does this Suggest?

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Bitcoin futures open interest has surged 20% in the past 20 days, hitting over $26 billion, signalling increased activity in leveraged trading.

A look into Bitcoin’s on-chain activity signals a market shift among traders, with leverage heating up in April compared to Q1, 2025. According to data shared by crypto analyst Ali Martinez on X (formerly Twitter), BTC’s open interest jumped 20% over the past 20 days, topping $26 billion today.

So, what does this mean?

With leveraged positions heating up, traders are pouring heavy capital into bets on BTC’s next moves. This means BTC’s movement in either direction could trigger serious liquidations and price volatility. Historically, the market experiences short squeezes or long squeezes, setting the stage for explosive price volatility.

While Bitcoin’s price is on the rise, more opportunities present themselves, but with associated risks. Leveraged positions signal increased investor confidence in BTC’s price movements but also present market volatility. Traders are closely monitoring liquidation pools for further insights.

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Shiba Inu Soars 9% amid Shibarium DappStore Launch

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Shiba Inu is no longer a memecoin for the social hype, but a growing ecosystem with real utility. Here’s what you need to know regarding SHIB developments.

Shiba Inu, also known as “Dogecoin Killer”, has been in the crypto spotlight following a 9% price surge in the past 24 hours. Per CoinMarketCap, the memecoin has seen a 35.53% surge in trading volume. This follows the launch of the Shibarium Dappstore, aiming to boost its dominance in the digital economy.

Additionally, the network has hit 1 billion Shibarium transactions and a 825% surge in SHIB’s burn rate. A mid these developments, the memecoin has broken a key resistance level on the 4-hour chart, clearing both CHoCH and BOS levels.

The Price is fluctuating around $0.00001394 as SHIB bulls push stronger. With the memecoin’s momentum strengthening, SHIB could be eyeing $0.00001500 as the mid-term target.

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ONDO Surges 21% amid THIS Breakout-Is $1.2 Next on the Cards?

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ONDO has broken out of its downtrend to rally behind other recovering altcoins with a 25% price surge as the market sentiment shifts.

Ondo Finance, the U.S.-based provider of decentralized finance investment, has seen renewed market interest following a price reversal after months of downtrend. ONDO has gained 21% in price with a 70% surge in 24-hour trading volume. Per CoinGlass data, the coin’s open interest rose 19.92 % amid a positive Open Interest (OI) Weighted Funding Rate.

Looking at the 1-day chart, ONDO’s price has been consolidating inside a descending triangle pattern. On its descending trendline, a breakout above the $0.82 zone has seen ONDO rally towards the $1.0 resistance zone.

According to Yovel Crypto Money on CoinMarketCap, despite the price consolidation at the $0.97 zone and momentum exhaustion, ONDO is eyeing the $1.0704 while targeting the $ 1.2 in the mid-term.

As the bulls step in, a high buying pressure could see the coin rally past the psychological $1.0 mark towards $1.2 and beyond. Traders are monitoring the price at the current price for further insights.

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AAVE: What’s Next for Aave after THIS Breakout?

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Aave has broken out of its falling wedge pattern on the daily timeframe. With a high trading volume and price upsurge, what’s the next target?

In the past 4 months, AAVE’s price has been consolidating in a falling wedge pattern on the daily chart. In the last 24 hours, Aave has surged nearly 9% with a 39.56% increase in trading volume, at press time, per CoinMarketCap data. This follows a breakout above the $135 resistance zone on its descending trendline.

As of this writing, Aave was trading at $166.13, with the short-term and mid-term moving averages flashing “buy.” While Aave could be eyeing the psychological $200 key resistance zone, Crypto analyst Adam Horton has predicted $312 as the coin’s long-term target.

With the 24-hour Relative Strength index standing at 59 and open interest rising by 10.8%, the market shows bullish momentum and has more potential for buying. Traders are closely watching AAVE’s next move following this breakout.

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DOGE: Assessing Dogecoin’s Breakout above THIS Key Level

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Dogecoin has broken above the $0.1570 key level on its falling wedge channel. With trading volume surging, is $0.2000 DOGE’s next target?

Dogecoin has surged 1.5%, with a 10% increase in trading following a breakout above its falling wedge pattern, at press time. The memecoin has been trading in a falling wedge pattern formation on the 12-hour chart for the first quarter, 2025.

Looking at the chart, DOGE has tested its horizontal key support zone and demand zone, around $0.1550.Following this, DOGE has seen a price reversal, breaking past the $0.1570 key resistance level on its descending trendline.

Key level to watch

Technical analysis hint at $0.2000 as DOGE’s next target, a previous key resistance level. If Dogecoin’s bulls step in with a high buying pressure, the memecoin could be poised for an uptrend rally in the short-term. With MACD (12,26) and short-term moving averages signalling “buy” the memecoin’s momentum could be gaining strength following the breakout.

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partyushgoyal

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SUI Flashes Signs of Strength amid Rising Investor Interest

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Sui has seen a 135% surge in 24-hour trading volume with an increased long-short ratio. Why is Sui pumping?

SUI has witnessed significant on-chain growth fueled by growing interest in its layer 1 blockchain capabilities. The coin has seen a 135% increase in trading volume, with its 24-hour long-to-short ratio rising to 2.05, at press time, per Coinalyze data. This suggests that the market saw more SUI buyers than Sellers in the past 24 hours, pumping the coin’s price by 5%.

So, why is SUI surging?

Looking at the charts, Sui has broken out of a descending wedge pattern on the daily chart. With the crypto market showing recovery after the trade tariff war, SUI’s breakout could mean a bull rally in the coming days. Technical analysis reveals $4 as the coin’s target in the coming days.

Following the breakout, many investors are betting on SUI’s uptrend in the coming weeks. A surge in trading volume and buying pressure is indicative of accumulation. There has been heightened investor conviction in the network’s long-term growth.

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