It was announced at 15:48 that the first ship passed through the Strait of Hormuz after the ceasefire, and US stock markets are preparing for the grand opening. Gains in altcoins are strong and Bitcoin is at the $72,000 mark ahead of the stock market opening. As HYPE Coin gained momentum, Ether also gained strength. It’s a good day for cryptocurrency investors.
Bitcoin and Ethereum
As the price of oil increased after the start of the war, cryptocurrencies inflation He fell because of his anxiety. But now oil is approaching its previous level and US stock markets are preparing for their grand opening that will support cryptocurrencies. Mister Crypto shared the active address chart below and wrote that now is one of the best times to buy.
“Active Bitcoin addresses 8 fell to the lowest level of the year.
Historically this has been a great time to buy; “I don’t think the situation will be different this time.”
ETH is above $2,250 and Quinten ETHBTC He thinks that the rise in parity will accelerate. The loss of the 0.0332 level triggered deep losses in altcoins this year. Now, taking back the key threshold again may start the long-awaited altcoin rise.
Protocol data shows that HYPE Coin has an advantage even in a decline in the general market rise. HYPE Coin We wrote that it would pull up quickly. Now the expected scenario is in play and, unsurprisingly, HYPE is rising. The price, which was stuck in the descending channel for weeks, made a four-hour close again above the $ 37.4 resistance.
Ali Martinez expects this rise to continue at least up to $42.
“The breach of the $37.40 level turned the previous “top” level into a potential “bottom” level. We are also observing an increase in buying pressure as investors await the completion of this technical formation.
Based on the height and structure of the downward channel, the technical target of this move is $42. As long as Hyperliquid remains above the $37.40 breakout zone, a push towards $42 will remain the main scenario. “This represents a potential 12% move from the breakout point.”
Reaching $42 is not the end for HYPE and the $50.8 ceiling could be tested as volumes continue to rise. The general market sentiment, volatility in commodity prices and the continued growing interest in crypto will be decisive here.
