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After extending its breakout toward the $80–$85 range, Hyperliquid is still holding one of the strongest technical structures among the major altcoins. After a sharp rise from about $55 earlier in August, HYPE is currently trading at about $81.30.
Hyperliqud's breakout looks secured
The decisive breakout above the prior $75–$76 resistance zone is the primary technical development. In June and July, that region rejected HYPE multiple times, so the most recent action is especially significant. With little hesitation, buyers overcame it, and the ensuing consolidation has stayed above $77 thus far. Additionally, buyers are strongly favored by the moving-average structure.
The intermediate averages are at $61.72 and $59.85, while HYPE is trading significantly above the short-term average at $66.81. At roughly $53.25, the long-term moving average is still significantly lower. This alignment demonstrates that momentum has steadily increased over a number of time periods.
The RSI is currently close to 75.6, which places HYPE in overbought territory, which is an immediate concern. Additionally, the token has increased by about 45% from its August low without creating much support between $67 and $77. Therefore, a correction would not be intrinsically bearish but rather normal.
The first significant support is represented by the $75–$77 breakout area. The $60–$62 moving-average cluster would be involved in a deeper correction, whereas losing it might expose $67. A clear move above $84 would put $90 within reach on the upside. HYPE remains optimistic for the time being, but chasing the rally at these levels is much riskier than it was below $70.
What's next for Ethereum?
After completing a significant technical breakout, Ethereum's next move will depend on whether buyers can turn the $2,400–$2,500 range into a stable trading range. After surging from roughly $1,900 in a few days, ETH is currently trading at about $2,451. The move simultaneously cleared a number of resistance levels, most notably the long-term moving average around $2,145 and the short-term moving averages.
The chart's most important structural support is currently that $2,145 level. Recovering this level significantly enhances the overall technical picture because Ethereum had been trading below the long-term average for months. Around $1,900–$1,950, the compressed structure was also invalidated by the breakout.
Compared to a low-volume price spike, a breakout with increased volume is more credible. However, there is a chance that ETH will run out of momentum soon. After momentarily rising even higher, the RSI is currently well inside overbought territory at about 75.6. Additionally, the price has run into resistance between $2,500 and $2,550, where a number of recent candles have failed to sustain the rally.
Therefore, a period of consolidation would be beneficial. While the $2,130–$2,150 range offers a far more significant structural floor, holding above $2,300 would maintain the majority of the immediate momentum.
Ethereum may next aim for $2,700–$2,800 if buyers build support around $2,400 and break $2,550. However, a return below $2,145 would significantly undermine the breakout and reopen the door to a move in the direction of $2,000.
Chainlink Generates Momentum
After spending the majority of the summer below long-term resistance, Chainlink has generated a significant technical breakout. After briefly rising to about $12.50 during the most recent expansion, LINK is currently trading at about $11.36. The rebound above the long-term moving average at $9.68 is the most significant development.
Throughout its wider decline, LINK had stayed below this indicator, so the breakout represented a significant shift in market structure. Around $8.90–$9.92, the price is also comfortably above the shorter moving averages. It is supported by volume. As LINK surged through $9.50–$10.00, trading activity increased dramatically, indicating that the breakout involved significantly higher participation than the previous consolidation.
Momentum is the current concern. The RSI is currently at 72, having recently moved further into overbought territory. LINK has quickly increased from about $8 to over $12, so some cooling should be anticipated.
The most recent rally has already experienced selling pressure, and the first significant resistance is located between $12.00 and $12.50. Breaking through this range would open the path to $13.50–$14.00. $10.50 is the closest useful support on the downside.
More significantly, bulls now have to defend the structural level between $9.70 and $10.00. A successful retest there would bolster the case that LINK has moved into a more comprehensive phase of recovery.
Can Stellar Bounce Here?
Following XLM's inability to establish itself above the $0.19–$0.20 resistance region, Stellar's most recent rally has lost significant momentum. After a recent spike toward $0.22, XLM is currently trading at about $0.1804.
Technically speaking, the initial move was impressive: the price quickly rose from about $0.155 and momentarily cleared each of the chart's major moving averages. But once more, the long-term moving average at $0.1897 has turned into resistance.
Because of its inability to stay above it, XLM's structure differs from the stronger breakouts that are currently apparent elsewhere in the market. Compared to earlier in August, shorter-term conditions are still significantly better.
XLM continues to trade in the vicinity of its intermediate moving averages, which are centered around roughly $0.176 and $0.180. The recent development has not been totally invalidated as long as this cluster holds.
Additionally, momentum has rapidly returned to neutral. The RSI reached overbought territory during the initial spike and has since dropped to about 53. This eliminates a large portion of the recent overheating while also demonstrating how quickly bullish momentum has diminished.
XLM must recover $0.19 and then establish itself above $0.20 in order to make another attempt at recovery. Doing so would bring $0.21–$0.22 back into play. If $0.176 is not defended, $0.165–$0.170 will be exposed instead, and the most recent breakout would be essentially erased if $0.155 is revisited. Rather than a confirmed bullish trend, XLM is currently in a neutral recovery structure.