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Crypto markets are showing mixed recovery signals, with some assets holding strong uptrends while others continue to struggle beneath key resistance levels. While many cryptocurrencies are finding it difficult to regain momentum after recent corrections, Hyperliquid stands out as one of the stronger performers.
After another sharp surge that pushed the token back toward its all-time highs, HYPE is trading close to $71. The technical picture remains bullish: the 20-day EMA is around $61, the 50-day EMA is about $54, and the 100-day EMA is near $49. Price is trading well above these major moving averages, and the wide separation between them suggests buyers still control the trend.
However, the chart also points to a warning sign. Over the past few weeks, HYPE has tested the $75–$77 range multiple times. While bulls have managed to regain the area, repeated resistance tests can either lead to a stronger breakout or the formation of a double-top pattern.
Volume remains high compared with earlier levels, indicating active positioning within the current range. The RSI is above 60, showing momentum is still strong, though it is no longer in extremely overbought territory. This supports the possibility of another upward move if demand remains sufficient.
Bitcoin staged a rebound after a dramatic sell-off that pushed the price below $60,000. Although the broader trend is still not clearly bullish, the recovery toward the $65,000 area suggests buyers are stepping in following significant liquidation events.
The 20-day EMA, near $67,500, is the most important near-term level. After rising more than $5,000 from local lows, BTC is approaching this resistance zone, which has historically been where relief rallies during corrections tend to stall.
Despite the bounce, Bitcoin remains below all significant moving averages, which keeps pressure on bulls. The 50-day EMA is close to $73,000, while the 100-day and 200-day averages are still higher. The move is therefore more consistent with a rebound within a correction unless BTC can reclaim at least the 50-day EMA.
On the positive side, volume increased during the bounce and the RSI recovered from oversold territory, indicating buying interest rather than a purely short-lived rebound. If BTC breaks above $67,500, the next target becomes the $72,000–$73,000 range. If it fails at current levels, the analysis suggests BTC could retest recent lows around $62,000.
Compared with a week ago, XRP shows greater relative strength. The asset found buyers near $1.10 after dropping below the $1.30 support zone and has since recovered back toward $1.25.
The rebound is technically notable because XRP has reclaimed its short-term trend and pushed the RSI back above 50, signaling improving momentum. Still, the market is approaching a cluster of resistance: the former $1.30 support zone now acts as resistance, and the 20-day and 50-day moving averages sit in the same area, creating a ceiling for additional upside.
Dogecoin remains under pressure after its May recovery rally failed to sustain. The token is trading close to $0.086 and is below all major moving averages, a setup that favors bears.
The most significant development is the breakdown below a rising support trendline that had been guiding DOGE higher since February. After that support failed, selling accelerated and pushed the meme coin closer to $0.08. Buyers prevented a more severe collapse, but the recovery remains weak.
On the stabilization side, the RSI has recovered from oversold territory, suggesting short-term momentum is stabilizing and panic selling has eased. The recent decline also brought higher volume, indicating the market may have shaken out weaker positions.
Even so, traders are advised to remain cautious. The broader structure still shows lower highs and lower lows, meaning rallies could turn into selling opportunities unless DOGE reclaims the 50-day and 100-day moving averages.
If bulls push DOGE above $0.091 and hold it, the next target is the $0.10–$0.11 range. A breakout through that zone would improve the technical outlook and could support a more robust recovery phase. If the bounce fails, the $0.08 area—where recent lows formed—may come back into focus, and a break below it would likely invite additional selling pressure.
Overall, Dogecoin appears to be in a stabilization phase rather than a bullish reversal, with buyers needing to reclaim key resistance levels before momentum can shift more decisively.
Ready Card users outside the European Economic Area have reportedly faced an abrupt service halt after a transition involving the card issuer disrupted the USDC spending product, according to user notices shared on X.
A notice shared…
