A leading coin breaks key level, another jumps 16%, and XYZVerse eyes 30x gains with $2.4m funding boost

The cryptocurrency market is experiencing notable shifts. A major digital coin has surpassed a significant price mark, indicating strong upward momentum

The cryptocurrency market is showing interesting shifts as major digital coins are changing hands at key price levels. Among the notable trends, Bitcoin experienced a decline of 3.47% over the past week, putting it in a period of consolidation within the ranges of $26,096 to $28,430.

However, despite the recent price action, the momentum indicators suggest that the price of Bitcoin may continue to decrease. The Relative Strength Index (RSI) stands at 38.98, indicating that the market is in lower relative strength territory. If the price of Bitcoin drops further, it could reach the nearest support level at $23,800. Falling below this level might lead to a decline toward the second support at $19,500, which would represent a decrease of approximately 18%. On the other hand, if the price increases, the nearest resistance level is at $31,068. Surpassing this level could lead to an increase in the price of Bitcoin by around 10%. The 10-day Simple Moving Average is $27,431, and the current price is below this level, which could act as a short-term price target for the traders.

Ethereum

The price of Ethereum (ETH) has seen a notable upswing recently. In the past week, its price increased by 7.83%, and over the past month, it rose by 11.21%. However, over the last six months, ETH has declined by 27.98%. Currently, it is trading within the ranges of $2,372 to $2,665, indicating a period of consolidation.

The momentum indicators suggest potential growth ahead. The Relative Strength Index (RSI) stands at 67.54, indicating strong buying pressure. If ETH can surpass the nearest resistance level at $2,818, it may target the second resistance at $3,111, which would be an increase of around 17%. This upward movement could align with the 10-day Simple Moving Average of $2,794 and signal a bullish trend.

Conversely, if the price drops, the nearest support level is $2,233. Falling below this could lead to a decline toward the second support at $1,940, representing a decrease of approximately 18%. The 100-day Simple Moving Average is $2,594, and the current price is near this level, suggesting the market is at a critical point.

Traders will be watching these key levels to gauge Ethereum’s next move.

Hyperliquid

The price of Hyperliquid (HYPE) has seen impressive gains recently. Over the past week, its price increased by 17.55%. In the last month, it surged by 70.62%. Looking back six months, HYPE skyrocketed by 1596%. The current price ranges between $32.05 and $38.23, reflecting strong upward momentum.

Based on the data, HYPE may continue to rise. Its Relative Strength Index (RSI) is at 66.43, indicating it’s nearing overbought territory but not quite there yet. The Stochastic oscillator is at 87.69, suggesting bullish sentiment. The Moving Average Convergence Divergence (MACD) level is positive at 0.7961, supporting potential upward movement.

However, HYPE faces resistance at $41.49 and $47.67. Breaking through these levels could lead to significant gains. If HYPE surpasses the nearest resistance, it might rise by around 10%. On the downside, support levels at $29.13 and $22.95 could prevent major declines. If the price dips to the nearest support, it would be a drop of roughly 10%. The 10-day simple moving average is $41.81, above the current price, which could act as a short-term target. The 100-day simple moving average is $37.12, close to the present price, indicating steady growth over time.

Overall, the price trends and technical indicators suggest that the price of Hyperliquid is likely to increase in the near term.

XYZVerse price prediction: Could a 30x surge be on horizon?

Those interested in memecoins might be interested in XYZVerse, the first all-sports memecoin that is designed to merge the worlds of sports, cryptocurrency, and memecoins. The project aims to capitalize on the upcoming bull market in 2025 with its unique token and community strength.

Entering the market at a time when tokens like PEPE, Dogwifhat, and Bonk are proving that community strength, viral appeal, and clever branding