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HYPE’s breakout above $38 could trigger new highs, if the $36 support is firm
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TON nears $3 psychology level, but volume weakness signals cautious optimistic
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SHIB & PI both maintain bullish trends as resistance levels are under renewed pressure
Investors are paying attention to several altcoins as they reach critical technical levels. This could be the beginning of a breakout or a breakdown.
The recent performance of Hyperliquid, Toncoin, Shiba Inu and Pi Network in particular indicates a growing bullish sentiment. However, each will face a unique test in the coming days.
Hyperliquid (HYPE), Volume Surges as Price Approaches Key Test
HYPE is up nearly 8% over the last 24 hours to $37.93. Volume also increased by over 31%, indicating strong buying interest.
The price behavior of the token suggests a strong uptrend with consistently higher highs and lower lows. After a consolidation period between $36.00 – $37.00 it broke upwards to test the resistance of $38.00.
This $38.00 threshold is significant. A clean break above would push HYPE into uncharted territory.
Investors appear confident in the long-term prospects of the stock, with a fully diluted value of almost $38 billion. If a pullback happens, however, $36.00 will need to hold in order to maintain the bullish momentum.
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Toncoin (TON), Shiba Inu, and Pushing Against Local Peaks
TON has seen a modest gain in price of 3.5%. The price is hovering around the intraday high $2.93. This level has now become a major short-term resistance. If volume increases, the price support levels of $2.85 and 2.70 provide a solid foundation for further upward movement.
The lack of a surge is a sign that traders are cautiously optimistic. If TON breaks over $2.93 it may aim for the psychological $3.00 level.
Related:5 Altcoins Show Potential Comeback After Market Dip
SHIB, on the other hand, is riding a strong momentum wave, gaining more than 6% and maintaining higher highs. The price is nearing its resistance of $0.00001175. A breakout could spark another rally, possibly towards $0.00001200. The price trend is still bullish despite a slight decline in volume. This is backed up by the rising market cap.
Pi Network (PI), A Steady Ascent Towards a Crucial Breakout
Pi Network has quietly been building a steady upward trend, climbing nearly 6 percent to $0.5377. The token has recovered from below $0.50, and is now flirting with the resistance level of $0.545. If it breaks through, $0.550 is the next likely target.
Volume has also increased in tandem with the price, which supports a bullish setup. If the rally fades then the $0.520 support level must hold in order to maintain momentum.
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