New Week, New Moves – Will Hyperliquid Extend Its Rally and Can Jupiter Build Enough Traction to Hit $1?
The crypto market is buzzing with new developments as Hyperliquid carries its upward momentum and Jupiter aims for significant gains. This week’s movements could set the stage for exciting shifts. With potential rallies on the horizon, investors are closely watching these coins to see if they can maintain their growth and reach new milestones.
Hyperliquid HYPE: Rapid Gains and Tactical Price Levels
HYPE nearly doubled last month with a 112.69% surge and saw a 43.79% climb over the week. In the past six months, the coin tripled its value, marking a 290.84% increase. These strong upward movements indicate a period of high market interest and volatility, attracting significant attention from traders.
Current prices oscillate between $12.83 and $23.67, with immediate resistance at $27.33 and a secondary resistance at $38.17. Support is established at $5.64. Bulls have driven the price higher; however, an RSI of 85.53 suggests potential overbought conditions. Traders should approach levels with caution, balancing momentum with risk as they navigate these price ranges.
Jupiter's Recent Volatility and Long-Term Struggles
Jupiter saw an 18.54% rise over the past month with an 11.70% increase in the last week, contrasting sharply with a 44.54% decline over the past six months. The coin experienced marked short-term rallies opposed by extended bearish pressure, resulting in significant ups and downs. Price movements have been volatile, signaling strong temporary recoveries that ultimately proved unsustainable over longer timeframes.
Current prices lie between $0.34 and $0.55 with immediate resistance at $0.63 and support at $0.22. Bulls appear to be active in the short run, though the absence of a clear trend calls for cautious trading. Potential moves include watching for a break of resistance or initiating range trades near established support levels.
Conclusion
HYPE has shown potential for continued growth if current trends persist. Jupiter's price target of $1 may be within reach if increased adoption and positive sentiment continue. Both assets are positioned well, but their future movement will depend on several market factors and investor interest.
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.
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