Jupiter (JUP) and Hyperliquid (HYPE) at Risk – Could a New Market Crash Be Ahead?

Concerns are rising in the crypto market as Jupiter (JUP) and Hyperliquid (HYPE) face potential trouble. Analysts and investors alike are on edge, speculating whether this could signal the onset of a wider market downturn. Amid this uncertainty, curiosity grows about which coins might still hold promise for growth. Let's dive into the details and uncover the possibilities.

Jupiter Altcoin Trading Overview: Bearish Past and Cautious Present

Jupiter has shown significant declines, with a sharp drop of over 39% in the last month and around 34% over the past six months. Additionally, a weekly decrease of 21% highlights a consistent bearish trend. The price movements signal ongoing downward pressure, reflecting a lack of recovery during these periods. Market behavior indicates that traders may have become cautious, as altcoin struggles to recover from its significant losses.

Current trading for Jupiter is between $0.57 and $1.01, with important support at $0.38 and resistance near $1.26 and $1.71. The RSI currently sits at 32.86, suggesting bearish conditions persist. No clear upward or downward trend has formed, indicating that cautious trading within these established levels is advised. Traders may want to watch for stabilization before making larger commitments.

Hyperliquid: A Volatile Journey with Potential Upside

Past month performance shows a sharp dip of almost 41%, contrasting with a solid recovery over the past six months where gains reached nearly 36%. Price swings have been wide, and recent corrections highlight the coin’s volatile nature. The oscillators dropped into negative territory, reflecting persistent downward momentum despite the longer-term bounce. Overall, the asset's history reveals extreme shifts that hint at both risks and recovery opportunities.

Current price action is contained between a support level at $10.41 and a key resistance at $33.24. The coin trades within a range of $15.17 to $26.58, with indicators like a 26.20 RSI and negative momentum suggesting bear pressure. Lacking a clear trend, traders might consider short-term buying opportunities near support, while remaining cautious of resistance levels as sellers maintain control.

Conclusion

Jupiter (JUP) and Hyperliquid (HYPE) show signs of potential trouble. Market data indicates negative trends for these coins. A new market crash could be on the horizon. Investors should monitor these developments closely.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.