Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are stuck in consolidation, but three altcoins are quietly setting up some of the cleanest technical moves in the market right now. Hyperliquid: Bouncing Off Support But EMAs Remain The Wall Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR), bounced 2% after tagging the $56 to $58 demand zone, a key support band being tested for the first time since the June rally.
Bitcoin is under renewed selling pressure, and one chart analyst says the coming weeks could determine whether this bear market is entering its final stage or has further to fall. Bitcoin was rejected from resistance earlier this month and has since pulled back.
Markets only needed a few hours to waver. A surge in oil prices, triggered by escalating tensions in the Middle East, revived risk aversion and led to a sell-off in the most exposed assets.