Tag: price action

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.

 

Source: CoinMarketCap

 

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.

 

Source: X

 

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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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.

 

Source: X

 

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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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.

 

Source: CoinMarketCap

 

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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Ethereum On-Chain Activity Surges Nearly 10% in 48 Hours

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Ethereum active addresses have jumped from 306,211 to 336,366, a 9.85% surge in the past 48 hours. Is this a sign of renewed investor interest?

 

Ethereum has seen its price fall to a 2-year low as of April 2025. In the past week, Scoopist noted that the king of altcoins was hitting the oversold zone as prices plunged.

Cryptoquant data has revealed a surge in Ethereum’s active addresses, signalling market activity. According to the on-chain metrics, ETH’s active addresses jumped from 306,211 to 336,366 in the past 48 hours, reflecting a nearly 10% increase.

 

Source: Cryptoquant

 

What does this mean for ETH?

ETH has surged notably amid the rising on-chain activity, hitting the $1800 mark. A sudden rise in active addresses could signal more than just renewed investor interest. This could be a sign of whales buying the dip, considering ETH was oversold.

Despite the current price volatility, this could suggest Ethereum’s rebound is imminent as the bulls take charge. Traders are closely watching the coins’ on-chain activity to determine their next moves.

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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.

 

Source: X

 

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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Bitcoin’s Path to $100K-Here is What You Should Know

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Bitcoin is flashing signs of momentum strength amid rising institutional and retail demand. With the psychological $100k mark on the cards, what can you expect?

 

Bitcoin’s path to $100,000 is not just a psychological relief or symbolic milestone for crypto enthusiasts, but also a minefield for BTC’s short sellers. Recent Coinglass data has revealed a key liquidation pool lying ahead as bulls rally for the $100k mark.

 

According to the data, if Bitcoin rallies to reclaim this six-figure mark,  short positions worth $1.76 billion across exchanges like OKX and Bybit will be instantly wiped. A breakout above this level could ignite further liquidations of over-leveraged bearish positions.

 

Source: Coinglass

 

The exchanges mentioned above hold significant bearish trades around this level, and a brutal short squeeze could result as bears seek cover. With high buying pressure from them, this could fuel BTC’s price even higher to a new all-time high. Traders are closely watching the $100 mark in anticipation of volatility fireworks.

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Bitcoin Buyers Dominate: Net Taker Volume Hits $62M on Binance

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Bitcoin is flashing a major bullish signal, indicating heightened demand, while exchange reserves are declining. Could this catalyze a new BTC all-time high?

 

Bitcoin could be poised for a major bullish rally in the next few weeks due to its market dynamics. A look into bitcoin’s demand, a current market development, has ignited the fear of missing out (FOMO). Bitcoin’s monthly net taker volume has surged to $ 62 million on the Binance exchange.

The net taker volume is key to measuring the difference between BTC’s market buy and sell orders. Positive values indicate the bulls are in charge, while negative values signal selling pressure. Using this metric and the exchange reserves metric, traders can gauge Bitcoin’s demand and supply to determine their entry positions.

 

Source: X

 

With Bitcoin’s net taker volume skyrocketing, the market signals strong bullish momentum and potential rally towards the psychological $100K mark in the mid-term. With exchange reserves hitting their historical low, the demand is rising against a low BTC supply. Bitcoin could be geared up for a new all-time high soon.

 

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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.

Source: X

 

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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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.

 

Source: X

 

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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