The recent loss of strength in the cryptocurrency market has led to increased selling pressure in leading assets such as Bitcoin, Ethereum and Shiba Inu. After the strong recovery in the first months of the year, the general atmosphere of the market turned cautious. Although each of the leading cryptocurrencies reacts differently, uncertainty comes to the fore as traders take a more defensive position.
Critical support and pauses in Bitcoin
Bitcoin, which stands out as the market’s strongest asset, was recently rejected at $81,000, close to the 200-day moving average, and began to lose momentum. Bitcoin broke below several major moving averages after the short-term bullish structure was broken. In addition, the RSI indicator shows that buyers have lost their dominance in the market compared to the last rise period.
Experts say Bitcoin is still key to the market; He warns that a harsher wave of weakness may begin in the market, especially if it cannot hold in the range of 75 thousand-76 thousand dollars.
Despite Bitcoin’s move, the charts show profit taking and market cooling rather than an all-out crash. Compared to other cryptocurrencies, Bitcoin’s structure looks relatively solid.
Ethereum and SHIB are under more pressure
Ethereum recently failed to overcome the strong resistance near $2,500. The current technical outlook indicates that Ethereum, which is below the 50, 100 and 200-day moving averages, has broken out of the descending triangle formation in a downward direction. As Bitcoin slowed down, Ethereum also began to lose momentum rapidly. If seller pressure continues, Ethereum price may fall back to the $2,000 range. In this process, investors are focused on the extent to which activity in the decentralized finance ecosystem and institutional demand will support the market.
Shiba Inu, one of the market’s speculative assets, is trading below all major moving averages after breaking away from the rising wedge pattern that it has benefited from recently. On-chain data reveals that billions of SHIB tokens have moved to exchanges, increasing the selling pressure from major players. In this period when investor appetite decreased, SHIB, with its high-risk structure, was among the assets most affected by the weakness in Bitcoin and Ethereum. Although technical indicators are approaching the oversold zone, there is no strong signal of recovery yet.
Horizontal trend and resistance war in XRP
Despite the recent fluctuation, XRP has a more stable line than many altcoins. Maintaining the horizontal support zone around $1.30-1.32, XRP continues to consolidate below the 100- and 200-day moving averages. The structure does not indicate a complete collapse; However, upward attempts often fail and the price remains below resistance. The low course of transaction volumes indicates that market participants are hesitant to open large positions in the current uncertainty environment. In order for the XRP price to move to the 1.45-1.50 dollar region in the coming period, stability must be achieved, especially in Bitcoin.
Hyperliquid and HYPE stand out
One of the most positively affected by the recent increase in volatility in the market was HYPE, the native token of the Hyperliquid platform. Hyperliquid, which develops a decentralized exchange and continuous futures trading infrastructure, is known as one of the prominent projects. HYPE stands out with its ability to recover quickly after price corrections while remaining above the main moving averages. The RSI indicator, on the other hand, continues to remain strong without signaling excessive fatigue. This technical outlook indicates that investors’ interest in HYPE is not limited to pure speculation, but that there is active demand.
Despite the market-wide weakness, HYPE’s strong technical structure and connection to transaction-based projects mean that it is among the rare assets that traders turn to when moving away from risk.
However, even the strongest structures in the market can quickly weaken if a deeper correction begins in Bitcoin. However, HYPE’s losses may be more limited compared to speculative meme tokens.
Three main categories become clear across the market
Looking at the current technical outlook, Bitcoin still leads the market as the most stable asset. While coins with large market values are having difficulty gaining momentum; Certain innovative projects can attract investors. While Bitcoin is the main balance element for the market, Ethereum is one step behind this chain. SHIB is typically tracked in the group of risky assets most affected by market fluctuations. XRP, on the other hand, is trying to stay in balance without completely unraveling. Hyperliquid’s HYPE token is the leader in terms of relative strength in the market.
