The recent volatility in the cryptocurrency markets in Bitcoin, Hyperliquid (HYPE) and Toncoin (TON) has caused the strong rallies that investors expected to be limited. Experts emphasized that prominent crypto assets, especially Bitcoin, are experiencing a lack of transaction volume and momentum at critical resistance levels. Recent price movements indicate that volume and participant interest must increase again in order to sustain short-term increases.
Bitcoin is at a critical level, a sign of fatigue
Bitcoin managed to re-exceed its major averages after a significant pullback in February and has been priced above the 50- and 100-day exponential moving averages since late March. However, it seems that the transaction volume is not strong enough in the cryptocurrency’s latest attack towards the psychological resistance zone of $ 80,000 and above.
While the buying appetite in the market was high and a large capital inflow was observed during the previous recovery period, this situation has been reversed in recent days. The decline in volume and number of participants makes it difficult for Bitcoin to make its next big jump. CryptoAppsy According to data, with Bitcoin losing strength in the $ 80,000 band, investors are being cautious to wait for a strong rise to restart in the short term.
At Bitcoin’s turning points, attention is drawn to the need for transaction volume and capital flow to remain vibrant for the continuity of the rise; In the current price movement, the sign of fatigue in the market predominates.
The 50- and 100-day averages are maintained, but technically Bitcoin faces historical resistance corresponding to the 200-day average. Sudden swings and sharp rejections have been observed in these regions in the past; Now the market is more cautious due to the reluctance of buyers. Although the RSI indicator also remains high, it does not show any additional momentum.
The rise in Hyperliquid slowed down
Hyperliquid (HYPE), which the market watches carefully, regained its medium-long term averages with a strong climb from the lows in January. However, HYPE’s last attempt to reach the $50 level lost momentum in the resistance zone. While the $44-46 band stood out as a strong barrier, the price formed lower peaks one after another as the purchases lost their strength.
With the weakening in trading volume and the decrease in the RSI, it seems that the market has assumed a more balanced and cautious structure in the current situation. Still, from a technical perspective, the asset remains above the 50- and 100-day averages, maintaining the overall recovery outlook. Analysts state that HYPE will move sideways in the $40-45 band in the short term, requiring increased volatility and volume to start a new rally.
Correction signal is getting stronger in Toncoin
Toncoin has made one of the most notable short-term breakouts in the cryptocurrency market in recent weeks. With the vitality and increasing speculative interest in the Telegram ecosystem, TON followed a steep recovery path, challenging many important resistances. However, technical indicators and high RSI value indicate a decrease in purchasing power and a possible correction phase is approaching.
The price has reached long-term resistance (near the 200-day average). This region had been a strong barrier in previous periods as well. In addition, market experts state that corrections after consecutive increases are healthy and inevitable for the continuity of the trend.
Although it is thought that Telegram’s decisive role on the ecosystem provides a positive contribution in the short term, it is stated that it may also increase centralization risks. In particular, the rapid rise of TON in a short time and the market pressure being heavily affected by the news originating from Telegram may pave the way for sharp price fluctuations.
For investors, $2.30-$2.40 is seen as critical support. If these levels cannot be maintained, a deeper correction in TON may occur. However, experts think that such a withdrawal will not completely end the positive market structure.
