Kategorie: Crypto Analysis

Key takeaways

• HYPE is down 5% in the last 24 hours and is currently trading at $27.
• The coin could drop to $23 if the bearish trend continues.

Hyperliquid’s staking balance declines

HYPE, the native coin of the Hyperliquid decentralized exchange, is one of the worst performers among the top 20 cryptocurrencies by market cap. The coin is trading above $27 per coin after losing 5.8% of its value in the last 24 hours.

The bearish performance comes after the Federal Reserve delivered a hawkish red cut on Wednesday. According to market analysts, with further rate cuts now off the table for a while, attention will turn to liquidity and the Fed’s balance sheet policy in early 2026. However, despite the Treasury bill purchase announced today, QE isn’t coming until things start breaking – and that always means more volatility and potential pain.

Another major catalyst behind HYPE’s bearish performance is the decline in Hyperliquid’s Total Value Locked (TVL). The protocol’s TVL has dropped to $1.63 billion from $2.42 billion on October 30. 

Investors continue to pull their funds from staking contracts on the Hyperliquid chain, adding more selling pressure on HYPE. Falling TVL suggests that investors are losing confidence in the token and ecosystem, prompting them to reduce their risk exposure.

Furthermore, the demand for Hyperliquid derivatives has declined due to the current market conditions. According to Coinalyze, HYPE’s Open Interest (OI) has dropped to $1.3 billion, down 2.5% from the $1.48 billion recorded on Wednesday. It is also significantly below its record high of $2.59 billion reached in September, suggesting that low retail interest in HYPE could continue to suppress a recovery. 

Will HYPE continue to dip lower?

The HYPE/USD 4-hour chart is bearish and efficient as HYPE has underperformed over the last 24 hours. The Layer-1 blockchain token has dropped below its short-term support at $27.50, underpinning its current bearish outlook.

The Relative Strength Index (RSI) has dropped to 34 on the 4-hour chart, pointing to a strong bearish momentum. If the RSI enters the oversold region, HYPE could dip lower over the coming hours and days. 

If the bearish trend continues, HYPE could retest the low of $23 for the first time since May 13. 

However, if buyers regain control and push the price above the $29 resistance level, HYPE could target the next major liquidity level sitting below the 50-day Exponential Moving Average (EMA) at $36.23.

The post HYPE could dip to $23 amid declining staking balance: Check forecast appeared first on CoinJournal.

Key takeaways

• BTC is down 1.35% and is trading around $90,500.
• The leading cryptocurrency has stabilized ahead of tomorrow’s FOMC meeting.

BTC stays above $90k ahead of the Fed rate decision

Bitcoin began the week bullish, hitting the $93k level on Monday. However, it has lost 1% of its value in the last 24 hours and is now trading above $90k. 

The mixed performance comes as traders look forward to tomorrow’s Fed rate decision. The Federal Reserve is expected to reduce its benchmark lending rate by a minimum of 25 basis points. 

The US Personal Consumption Expenditures (PCE) Price Index, released last Friday, did little to influence expectations for further policy easing by the apex bank. 

In addition to that, institutional demand for Bitcoin-related funds shows a decline in selling pressure compared to previous weeks. Data obtained from SoSoValue revealed that S-listed spot Bitcoin ETFs recorded a mild outflow of $60.48 million on Monday.

Bitcoin’s recovery could be determined by the ETF inflow as institutions play a crucial role in boosting demand. 

Finally, Michael Saylor’s Strategy announced on Monday that it had acquired 10,624 bitcoin for $962.7 million between December 1–7 at an average price of $90,615. Thanks to this acquisition, the company now holds 660,624 BTC, valued at $49.35 billion. 

Bitcoin could rally towards $97k

The BTC/USD 4-hour chart is bullish and efficient as Bitcoin has performed positively in recent days. The cryptocurrency faced rejection from the 61.80% Fibonacci retracement level at $94,253 last week, dropping to the $88k level during the weekend.

However, it recovered above $92k on Monday before declining to now trade above $90,500 per coin. 

If the rally continues and the daily candle closes above the $93k resistance, BTC could extend its bullish movement toward the next key resistance at $100,000.

The Relative Strength Index (RSI) on the 4-hour chart is 44, near the neutral 50 level, suggesting fading bearish momentum. However, the RSI needs to move past the neutral level if Bitcoin will surmount the $93k resistance level. 

The Moving Average Convergence Divergence (MACD) showed a bullish crossover last week, which still holds, supporting a bullish bias.

However, if the bullish recovery fails, Bitcoin could revisit the support level around the $85,569 region.

The post Bitcoin stabilizes around $90k ahead of FOMC meeting: Check forecast appeared first on CoinJournal.

Key takeaways

• HYPE is down 8% in the last 24 hours and has dropped below $28.
• Open Interest (OI) declines as retail interest continues to drop.

HYPE dips below the $28 support

HYPE, the native coin of the Hyperliquid decentralized exchange, is down 8% in the last 24 hours, making it the worst performer among the top 20 cryptocurrencies by market cap.

The bearish performance comes as Bitcoin and the other major cryptocurrencies underperform. HYPE could decline towards the $20 psychological level amid a consolidating market. 

HYPE’s bearish performance comes as the coin is losing retail interest due to the current market conditions. Traders are anticipating a rate cut by the Federal Reserve on Monday, but that hasn’t propped up interest in Hyperliquid.

According to CoinGlass, HYPE’s futures Open Interest (OI) is down 5.91% in the last 24 hours to $1.44 billion. The decline suggests a significant liquidity loss in HYPE derivatives as traders adopt a wait-and-watch strategy.

In addition to that, the long liquidations since Monday topped $1.2 million, surpassing short liquidations of $88,160.

HYPE could dip to $20 if the selloff continues

The HYPE/USD 4-hour chart is bearish and efficient as Hyperliquid has lost 8% of its value in the last 24 hours. The coin is currently trading below $28, breaking the support around $29.37.

If the bearish trend continues, HYPE’s daily candle could close below the resistance level at $26.03. An extended selloff will bring the October 10 low of $20.84 into focus. 

The RSI of 29 shows that HYPE is currently in the oversold territory and could record further losses in the near term. Meanwhile, the Moving Average Convergence Divergence (MACD) indicates a rise in bearish momentum, with sellers currently in control of the market. 

If the bulls retake control of the market, HYPE could reclaim the $30 psychological level before rallying towards the resistance trendline near $34.00.

The post Hyperliquid dips below the $28 support. Will it bounce back soon? appeared first on CoinJournal.

Key takeaways

• BCH rallied 15% last week, reclaiming the $600 price in the process.
• The rally allowed Bitcoin Cash to overtake Chainlink and Hyperliquid in the market cap list.

BCH is now the 11th largest crypto by market cap

The cryptocurrency market began the new week bullish, with Bitcoin, Ether, and XRP all in the green. Bitcoin is currently trading above $92k, while Ether is now approaching the $3,200 region.

Bitcoin Cash (BCH) has been one of the best performers among the top 20 cryptocurrencies by market cap. It added 15% to its value in the last seven days, outperforming the broader cryptocurrency market.

The rally allowed BCH to reclaim the $600 level after underperforming earlier this month. At press time, BCH is trading at $594 and could rally higher in the near term. The rally also allowed Bitcoin Cash to overtake Chainlink (LINK) and Hyperliquid (HYPE), and it is now the 11th-largest cryptocurrency by market cap. 

BCH faces resistance above $650

The BCH/USD 4-hour chart is bullish and efficient as Bitcoin Cash has been the best performer among the top 20 cryptocurrencies by market cap in the last seven days. The coin has outperformed Bitcoin, Ether, XRP, and other major altcoins.

The momentum indicators are bullish, suggesting that the buyers are currently in control of the market. The Relative Strength Index of 59 is above the neutral 50, suggesting that the market conditions are flipping bullish. The MACD lines also flipped into the bullish zone last week, flashing a buy signal for the traders.

If the rally continues, BCH could rally towards the next major resistance level at $650, its highest level since the start of the year. The next major resistance stands at $720, its 2024 high.

However, if the recovery fails, Bitcoin Cash could retest the $550 Inducement Liquidity (ILQ) over the next few hours or days.

The post Bitcoin Cash could retest $550 after latest rally: Check forecast appeared first on CoinJournal.

Key takeaways

• ETH is up 3% in the last 24 hours and is now trading above $3,100.
• Whales are optimistic of a price surge in the near term.

Whales open bullish positions on Ether

Ether, the second-largest cryptocurrency by market cap, is up 3% in the last 24 hours and is now trading above $3,100 per coin. The rally comes as the broader cryptocurrency market recovered from the slight dip on Sunday.

In addition to that, Ethereum whales are opening long positions as they are optimistic that Ether’s price will surge higher in the near to medium term. The whales are optimistic of a price surge thanks to the upcoming Fed rate decision on Wednesday, with the apex bank expected to reduce its borrowing benchmark by 25 basis points. 

Data obtained from Lookonchain reveals that three whales have opened long positions, totaling 136,433 ETH, worth about $425.98 million.

One whale, BitcoinOG (1011short), has a long position of $169 million in ETH, while Anti-CZ opened another position worth $194 million. The third whale, pension-usdt.eth, opened a long position of 20,000 ETH, worth approximately $62.5 million at current rates.

In addition to these three, other whales have also opened long positions on Ether, with many of them predicting that the cryptocurrency’s price could rally to $4k in the near to medium term. 

Furthermore, BitMine continues to add more Ether tokens to its treasury. Last week, the company added $199 million more ETH, bringing its total holdings to 3.73 million ETH ($13.3 billion), making it the largest corporate holder of ETH. 

Ether could surge to $4k amid growing demand

The ETH/USD 4-hour chart has flipped bullish and efficient as Ether has reclaimed the $3,100 mark at press time, ETYH is trading above $4,100, and could rally higher if the bullish trend continues.

The momentum indicators are bullish, suggesting that buyers are currently in control. The RSI of 62 shows that ETH is currently bullish and could enter the overbought region if the recovery continues. The MACD lines are also within the positive territory, reinforcing the bullish bias.

If the recovery continues, ETH could surge past Thursday’s high at $3,240 with a decisive close, with the next resistance level at the 200-day EMA at $3,459. However, failure to overcome the $3,240 resistance could see Ether drop below $3,000 and retest the November 21 low of $2,623.

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