The cryptocurrency market has remained under pressure recently. Bitcoin briefly fell to $67,500 before rebounding to around $69,552, down 2.6% on the day. With the $70,000 support level already lost, a further drop below $67,500 could put the next major support near $65,000. The sell-off also triggered the forced liquidation of a large number of leveraged positions.
Altcoins show mixed performance
Despite the broader market downturn, HYPE bucked the trend, rising 7% to around $73.99. Its 200-day EMA, at about $68, has become an important support level, while $78 is the next resistance it needs to break through.
XLM also rebounded from $0.1411 to $0.1497, but its upside momentum remains limited due to insufficient trading volume. The RSI is currently around 35, indicating that selling pressure has eased somewhat, but a reversal has yet to be confirmed.
Key levels to watch
A break above $78 could drive HYPE's rebound further. XLM, meanwhile, needs support from trading volume to build stronger upward momentum.
Altcoins show mixed performance
Despite the broader market downturn, HYPE bucked the trend, rising 7% to around $73.99. Its 200-day EMA, at about $68, has become an important support level, while $78 is the next resistance it needs to break through.
XLM also rebounded from $0.1411 to $0.1497, but its upside momentum remains limited due to insufficient trading volume. The RSI is currently around 35, indicating that selling pressure has eased somewhat, but a reversal has yet to be confirmed.
Key levels to watch
A break above $78 could drive HYPE's rebound further. XLM, meanwhile, needs support from trading volume to build stronger upward momentum.