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HYPE eyes breakout toward $50 as Open Interest and TVL surge

Key takeaways

  • HYPE is trading above $44 on Wednesday after over 4% gains the previous day.
  • On-chain data shows an increase in user activity on Hyperliquid as TVL and stablecoin market capitalization rise.

Hyperliquid (HYPE) traded above $44.00 on Wednesday, extending its rally for a sixth consecutive session as rising derivatives activity and growing platform usage strengthened bullish sentiment around the exchange token.

The latest rally comes as investor confidence gradually returns to the broader crypto market, boosting both leverage exposure and user participation across the Hyperliquid ecosystem.

Hyperliquid sees rising retail demand and platform activity

CoinGlass data show HYPE futures Open Interest (OI) climbed to $1.75 billion on Wednesday from $1.62 billion the previous day, signaling an increase in leveraged positions and fresh capital entering the market.

The sharp rise in Open Interest suggests traders are increasingly positioning for additional upside as bullish momentum accelerates.

At the same time, DeFiLlama data indicate Total Value Locked (TVL) on Hyperliquid increased more than 2% over the last 24 hours to reach $1.556 billion, reflecting stronger inflows into the protocol.

Growing TVL is typically associated with rising user engagement and improving platform fundamentals, as more capital flows into decentralized finance applications built on the ecosystem.

Hyperliquid also continues to rank among the strongest-performing DeFi protocols by revenue generation.

Excluding stablecoin protocols, Hyperliquid currently leads the sector in seven-day revenue with $11.58 million, underscoring sustained trading activity and demand for the platform.

Technical outlook: HYPE targets a breakout above $50

Technically, Hyperliquid maintains a strong bullish structure as price action continues to trade comfortably above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), all of which continue to slope upward and reinforce the broader uptrend.

Momentum indicators also support the bullish outlook. The Moving Average Convergence Divergence (MACD) remains firmly in positive territory on the 4-hour chart, signaling sustained upward momentum, while the Relative Strength Index (RSI) hovers near 74, reflecting an overbought condition.

On the upside, the next key resistance level is the R1 Pivot Point near $45.52. A decisive breakout above this barrier would bring the broader descending trendline resistance near the psychological $50.00 level into focus.

HYPE/USD 4H Chart

A sustained close above the $50 region could trigger a stronger bullish continuation phase and potentially open the door for a broader medium-term rally.

On the downside, immediate support sits near the rising trendline around $40.00, followed by the 50-day EMA near $39.76.

Additional downside protection is seen at the 100-day EMA around $37.45 and the 200-day EMA near $36.45 if broader market conditions weaken and trigger a deeper correction.

The post HYPE eyes breakout toward $50 as Open Interest and TVL surge appeared first on CoinJournal.

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BCH targets breakout above $500 as bullish derivatives sentiment surges

Key takeaways

  • Bitcoin Cash price extends gains on Wednesday, up over 3% since Tuesday.
  • Derivatives data support a bullish bias, with increasing open interest and long positions accumulating.

Bitcoin Cash (BCH) continued its strong recovery on Wednesday, climbing above $489 and extending weekly gains beyond 8% as bullish positioning across the derivatives market reinforced the ongoing rally.

The broader crypto market backdrop remains supportive, with Bitcoin (BTC) holding near the $82,000 level, while technical indicators suggest BCH could be preparing for a breakout above the psychological $500 barrier.

Bullish derivatives activity strengthens BCH outlook

According to CoinGlass data, Bitcoin Cash futures Open Interest (OI) jumped to $683.83 million on Wednesday from roughly $642 million recorded on Sunday.

The increase in Open Interest signals fresh capital entering the market, typically reflecting growing trader participation and stronger buying activity that could further support BCH’s upward momentum.

Additional derivatives data also point to strengthening bullish sentiment. CoinGlass shows BCH’s long-to-short ratio rising to 1.25 on Wednesday, marking its highest level in more than a month. A ratio above one indicates that a larger share of traders are positioning for additional upside.

Meanwhile, CryptoQuant data presents a largely constructive outlook for Bitcoin Cash despite some mixed signals. The platform’s summary metrics highlight increased whale activity across spot and futures markets alongside cooling market conditions, both of which historically support upside continuation.

However, persistent sell-side dominance in the spot market could limit the pace of the rally and create short-term volatility near key resistance levels.

Technical outlook: BCH bulls target rally above $500

Bitcoin Cash trades near $489.60 after breaking above several important technical levels. The token now holds comfortably above the 50-day Exponential Moving Average (EMA) at $457.91 and the 100-day EMA at $478.47, reinforcing the bullish structure following the breakout above a former descending trendline near $449.56.

Momentum indicators continue to favor buyers. The Relative Strength Index (RSI) on the 4-hour chart has climbed toward 70, approaching overbought territory but still signaling strong bullish momentum.

At the same time, the Moving Average Convergence Divergence (MACD) remains firmly in positive territory and continues to expand, suggesting buying pressure remains dominant.

On the upside, immediate resistance is located near the 200-day EMA at $497.05. A decisive daily close above that level could open the door for a push toward the 38.2% Fibonacci retracement level at $515.06.

Beyond that, bulls may target the 50% retracement near $544.56, followed by the 61.8% Fibonacci level around $574.07 if momentum accelerates.

BCH/USD 4H Chart

On the downside, immediate support sits near the confluence zone between $478.47 and $478.55, where the 100-day EMA aligns with the 23.6% Fibonacci retracement level.

Additional support is found at the 50-day EMA near $457.91, while the former breakout trendline around $449.56 could attract renewed dip-buying interest during deeper pullbacks.

The post BCH targets breakout above $500 as bullish derivatives sentiment surges appeared first on CoinJournal.

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Bitcoin price crosses $81K, but derivatives and network activity remain low: check forecast

  • Bitcoin (BTC) holds above $81,000 as short-term momentum strengthens.
  • Weak network growth signals cautious market participation.
  • BTC faces major resistance at $89,500.

Bitcoin has climbed above $81,000, extending its monthly recovery and testing its highest trading range in roughly three months.

At press time, BTC was trading around $81,467 after gaining 5.2% over the past seven days and 17.6% over the last 30 days.

The latest move places Bitcoin in a critical technical zone, with several underlying metrics suggesting the rally is still developing under cautious conditions rather than broad market conviction.

Network activity and derivatives participation remain muted

While Bitcoin’s spot price has improved, on-chain data point to weaker user participation than during previous major rallies.

Active addresses and transaction activity have not increased at the same pace as price, signalling that retail demand remains limited.

This divergence between price and blockchain activity often suggests that current momentum is being supported more by institutional demand and large investors than by widespread organic adoption.

Notably, institutional participation through spot Bitcoin ETFs has surged, with billions in capital inflows helping stabilise prices above key support zones.

However, derivatives market participation has remained relatively restrained compared to previous breakout cycles, with lower speculative leverage and softer futures activity indicating traders are cautious.

In addition, the Crypto Fear & Greed Index currently reads 50, placing sentiment in neutral territory.

This reflects a market that is neither euphoric nor fearful, reinforcing the idea that Bitcoin’s recent strength has not yet triggered widespread speculative enthusiasm.

Technical indicators show bullish momentum

Bitcoin’s short-term technical structure remains positive, with 12 out of 23 major technical indicators leaning bullish currently.

Furthermore, BTC is trading above its 10-day, 20-day, 50-day, and 100-day exponential moving averages, which support continued bullish momentum.

Bitcoin price analysis

However, Bitcoin remains below its long-term 200-day EMA, showing that macro resistance is still intact.

The 14-day Relative Strength Index stands at 69.5, placing BTC just below overbought territory.

While this suggests strong momentum, traders should closely watch for possible exhaustion if RSI breaks above 70 without stronger volume.

Post-halving cycle points to late-stage expansion

Bitcoin’s fourth halving took place in April 2024, reducing miner rewards to 3.125 BTC per block.

The asset is now approximately 25 months into its post-halving cycle.

Historically, this stage has often aligned with stronger price expansion, heightened volatility, and eventual cycle peaks before larger retracements.

Previous Bitcoin bull cycles reached new all-time highs roughly 1,405 to 1,477 days apart.

Based on this pattern, the current cycle may still have room for further upside, though historical trends also suggest increasing risks of correction as the cycle matures.

Short-term Bitcoin forecast remains cautiously bullish

Looking at the current market structure, the immediate resistance zone sits at $89,479.

A confirmed close above that level could open the path toward the next resistance near $90,975.

However, in case of a pullback, especially if the oversold region is reached, then the key support level sits at $75,109.

A break below $75,109 would likely weaken the bullish structure and raise the probability of deeper corrections.

Moving ahead, traders should carefully monitor the Bitcoin ETF inflows, whale accumulation, and RSI behaviour, for clearer confirmation of whether the current move can develop into a larger sustained rally.

The post Bitcoin price crosses $81K, but derivatives and network activity remain low: check forecast appeared first on CoinJournal.

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XRP holds above $1.40 as ETF inflows return: Check forecast

Key Takeaways

  • XRP holds above $1.40 with modest ETF inflows and improving sentiment.
  • The weak derivatives activity and strong resistance levels keep the short-term outlook cautious.

Ripple (XRP) is trading just above $1.40 on Tuesday, showing gradual momentum despite lingering macro uncertainty.

The token, alongside the broader crypto market, has remained resilient even as tensions in the Middle East persist and the US–Iran ceasefire faces renewed pressure.

Risk appetite has stabilized in recent weeks, with the Crypto Fear & Greed Index rising to 50 from 40 a day earlier, reflecting a shift toward more neutral sentiment.

ETF inflows signal cautious optimism

Investor interest in XRP spot ETFs remains mixed but constructive. US-listed products recorded modest inflows of $3.87 million on Monday following subdued activity at the end of last week, suggesting a cautiously bullish short- to medium-term outlook.

Cumulative inflows have now reached $1.29 billion, with total assets under management at $1.07 billion. Continued ETF demand remains a key pillar for sustaining positive sentiment and supporting the case for a broader uptrend.

In the derivatives market, momentum remains muted. Open Interest (OI) in XRP perpetual futures edged up slightly to $2.60 billion from $2.50 billion the previous day.

However, this is still well below the $10.94 billion peak seen in July, when XRP reached its all-time high of $3.66. The divergence highlights the importance of stronger retail participation to drive a more meaningful rally.

Technical outlook: XRP faces a key resistance zone

The XRP/USD 4-hour chart remains bearish and efficient. XRP is trading just below the 50-day EMA at $1.41 and remains under the 100-day and 200-day EMAs at $1.51 and $1.74, indicating that upside attempts are still being capped.

Momentum indicators show mixed signals. The Relative Strength Index (RSI) sits at 60, pointing to mild bullish pressure but largely consistent with consolidation.

Meanwhile, a contracting negative MACD histogram suggests bearish momentum is fading.

XRP/USD 4H Chart

A decisive daily close above the $1.51 resistance zone—aligned with the 100-day EMA and broader downtrend—would be needed to shift sentiment and open the path toward $1.74.

On the downside, immediate support lies at $1.39, followed by the monthly open near $1.37.

The post XRP holds above $1.40 as ETF inflows return: Check forecast appeared first on CoinJournal.

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BNB holds key support at $630 as traders brace for next big move

  • BNB price is looking to defend $620 amid Bitcoin’s retreat from $81,000 highs.
  • Supply dynamics highlight $570 as potential support.
  • Upside catalysts could include BNB Chain ecosystem strengths and capital inflows.

BNB hovers near a key support area as bulls defend gains following retreat below the $630 level, with cautious sentiment prevailing as weak momentum shows across altcoins.

The Binance Coin’s price thus remains under pressure amid overall caution in risk appetite. But what could trigger renewed momentum?

BNB price sees slight retreat to support

BNB’s price hovered around $627 at the time of writing, as largely flat action in the past 24 hours kept bulls off intraday highs of $638 reached on Monday.

This pullback aligns with Bitcoin’s partial unwind from its recent spike above $81,000, where the leading cryptocurrency briefly tested resistance before cooling off.

Despite shedding gains to under $630, traders note that BNB has successfully held the zone as critical support.

A key factor supporting this resilience is the BNB Foundation’s recent 35th quarterly token burn, which eliminated over 1.56 million BNB tokens worth roughly $1.02 billion at the time.

This deflationary mechanism has trimmed the total BNB supply to about 134.7 million, enhancing scarcity and providing a floor against downside pressure.

Meanwhile, on-chain data reveals trading with reduced volume.

This comes as long-term holders accumulate amid the consolidation. Per CoinMarketCap, daily volume was down 9% to $1.74 billion.

Leverage ‘still adjusting’

BNB has traded in a more subdued manner since plummeting to $570 in early April, with the level key as the main support from the bloodbath in February.

Year-to-date declines have erased substantial gains.

The downturn wiped most of the explosive pump to $1,376 highs in October 2025, which occurred amid elevated leverage across the Binance ecosystem.

CoinGlass data shows that over the past 24 hours, BNB spot trading volume stood at over $109 million while BNB futures trading volume hovered around $667 million.

During this period, about $234,082 in BNB futures positions were liquidated as open interest of BNB lingered at just over $1 billion.

Analysts say the data suggest that leverage is still adjusting.

BNB price- support/resistance levels

Should prices slip below $600, analysts warn of a potential retest of deeper demand zones around $550-$570, where institutional reloads could materialize.

This negative outlook might strengthen if oil prices remain above $110 a barrel, with de-risking likely to explode if the global economy suffers amid rising inflation.

Conversely, upside potential remains. However, it could hinge on multiple catalysts.

Broader market conditions, such as sustained Bitcoin strength above $80,000, could propel BNB toward the $650-$670 resistance.

Network developments, including tokenization traction and scalability upgrades, could also act as tailwinds. A similar sentiment is likely amid fresh capital inflows as geopolitical tensions ease.

The post BNB holds key support at $630 as traders brace for next big move appeared first on CoinJournal.