While volatility has increased again in the cryptocurrency market in recent days, Shiba Inu and Hyperliquid, which stand out in the speculative field, attract attention with their price movements. Shiba Inu, which remained in a downward trend for a long time, started to show signs of recovery in recent weeks. The price being stuck in a narrow range just below important resistance levels and making successive higher lows is seen as a harbinger of a new upward move.
Signs of recovery in Shiba Inu
After months of weak price movements, Shiba Inu held in a horizontal channel and serial upward movements showed that buyers were re-entering the market. The current structure resembles an ascending triangle formation that usually leads to strong rises. Analysts state that the tightened price range and weakened stock market transfers reduce the pressure of sellers and make it easier for the price to rise.
The fact that Shiba Inu’s trading volume increased in the short term and formed a strong engulfing candle formation indicates that buyers have become active again.
While the price has approached the 100-day moving average, which has been the resistance zone in recent months, it is noteworthy that this level has weakened with each test. It is stated that if this resistance is broken and persistence is achieved, the rise may accelerate as the sellers give up.
Hyperliquid enters new bullish phase
Hyperliquid, one of the market’s recent surprises, gained momentum after the recovery period. While the price is recovering from its lows, upward signals are dominant in technical indicators. The price moving above the 50- and 100-day moving averages indicates that buyers have taken control.
The last pullback in Hyperliquid was met above the support, creating a continuation formation instead of a breakout.
Currently, Hyperliquid is trading just below the major resistance near the $40 region. The charts show that this level has been tested many times, and each time the sellers’ influence decreases. If the price breaks the resistance level, the psychological threshold of $50 will be tested in the short term. It is stated that increasing liquidity and volume may further accelerate the upward movement.
XRP is lagging behind in the market
On the other hand, XRP developed by Ripple continues to lag behind the general market. Increasing demand for high-risk assets, especially Dogecoin and Shiba Inu, is preventing XRP from capturing the momentum.
It is noteworthy in the charts that XRP has been in a downward trend for months, trading below major averages and remaining stuck in the $1.30-1.40 band.
XRP’s failure to demonstrate a significant rise and the shift of liquidity to other cryptocurrencies offering high volatility led to a decrease in investors’ interest. Despite XRP’s more mature and infrastructure-oriented structure, its exclusion from rapid price movements in the short term shows the structural separation in the market.
It is observed that the falling trend line pushes the price down again with every attempt to rise, while the volume does not increase significantly. Therefore, unless there is a break from the current consolidation, XRP is expected to continue its slow and uncertain course.
In the short term, XRP’s ability to overcome the resistance zone may create activity in the market again. However, there is no such signal yet; For now, the asset is in the shadow of other major coins.
