The fluctuation in the cryptocurrency market in recent weeks has brought about a significant selling pressure, especially in large-volume altcoins. Weakening of global risk appetite, Bitcoin’s search for direction and macroeconomic uncertainties; This causes investors to be cautious. In this picture, prominent projects such as Cardano, Binance Coin and HYPE lost important technical levels and closed the week with negative or limited gains.
Bearish Pressure Strengthens Cardano and Binance Coin
Cardano (ADA) made its investors nervous as it lost its critical support at the $ 0.40 level. ADA, which closed the week with a loss of approximately 3 percent, now finds this level, which was previously technically support, as a strong resistance. Price movements since the sharp decline on October 10 clearly reflect a bear market. The absence of buyers in the market causes the downward trend to continue aggressively. If this pressure continues, it is considered possible that the Cardano price will retreat towards the $ 0.3 level or even test below this level.
On the Binance Coin (BNB) front, different but similar risks attract attention. BNB suffered a sharp rejection in its attempt to break through the $900 resistance and the price dropped to around $840. Although the 1 percent loss on a weekly basis seems limited, it is emphasized that the momentum is in favor of sellers. According to analysts, the $800 and $690 levels stand out as important support points in possible declines. Any pullback that may occur at these levels may create a repurchase opportunity for long-term investors. However, the general expectation is that BNB may lag behind the market until early 2026.
HYPE and Current Developments Reflected on the Market
Although HYPE closed the week with a modest 2 percent increase, the outlook remains weak. The cryptocurrency, which has lost more than 60 percent of its value since the end of September, is not considered to have given a strong signal of recovery unless it exceeds the $ 26 level. Although the support formed around $22 provides a short-term bounce, the price must first settle above $26 and then $30 for a permanent rise.
On the other hand, not only technical factors but also regulatory news are effective in the market. Recent news that controls on crypto exchanges in the USA will be tightened has created a general selling pressure in the altcoin market. In addition, some large investment funds reduced their positions in risky assets, causing the volumes in altcoins to decrease. These developments show that the current downtrend is supported not only by technical but also by fundamental reasons.
The general picture indicates that caution should be exercised in the altcoin market in the short term. Technical weaknesses seen specifically in Cardano, Binance Coin and HYPE show that investor confidence has not yet returned. However, approaching strong support levels may also create opportunities for investors with a long-term perspective.
