✨️In rocket mode 🚀📉🔥📈
🪙 Bitcoin has eased off a bit after its recent rally and is now in a critical zone: $95,000. 😴 This level will be key to determine whether we are heading towards new highs or if we have to pull back a couple of steps. Bull trap or simple consolidation before the takeoff? ⛔🟢
Meanwhile, some altcoin charts are painting a much more optimistic picture, with technical figures that make any trader drool 📊🤤. Here are 4 projects that could surprise in the coming days. Watch these levels!
1️⃣ HYPE (Hyperliquid) – Current price: $17.93 🧪📶🔥
This new player in the DeFi ecosystem continues to attract attention. HYPE is struggling against a very strong resistance at $21.50, where the bears are well positioned 🐻🧱. However, there are promising signals:
The 20-day EMA is rising strongly (currently at $18.48), which shows buying pressure.
The RSI is close to overbought, indicating that there is bullish momentum.
The bulls have successfully defended that level on the 4h charts, showing that dips are being taken advantage of to buy ✊📈
If the $21.50 barrier is broken with volume, we could see a quick rise to $25 and then $27.50 ✨.
But if the price falls below the 20-day EMA, short-term buyers may start taking profits, which could lead to a drop to $17.35, a key support level.
In summary: HYPE remains one of the hot promises of the moment. Will it break the ceiling or stay sideways?
2️⃣ AAVE – Current price: $157.05 🏛️💰🧠
The veteran of DeFi is not far behind. AAVE has shown very healthy behavior:
Bounce from moving averages on April 30th
The bulls have defended the zone between $150-$155 well, turning it into new support
Volume has increased in the last sessions, suggesting silent accumulation
In the short term, the next target is $180, and if surpassed, we could go to $196. And if that barrier breaks? Watch out for $220 and $240, key psychological levels where the bears could put up a fight.
But if the bears manage to break below the 50-day average (around $155), the scenario changes. We could see a drop to $130, a level where demand historically enters.
Will we have a new DeFi rally? AAVE wants to lead the way.
3️⃣ RNDR (Render) – Current price: $3.82 🎥🧑💻🌐
Render, the favorite token of AI and distributed rendering fans, is in a crucial technical zone:
The attempt to break $4.87 on May 2 was strongly rejected, but the price has not collapsed, indicating strong buyer presence.
Currently, it is supported by the 20-day EMA ($4.31), where the bulls are mounting defense.
If there is a bounce, the next targets are $5.52 and then $6.20, areas that coincide with previous highs and Fibonacci projections.
If, on the contrary, we lose support at $4.22, we could visit the 50-day SMA ($3.80) and if that doesn't hold, watch out for $3.55.
Render remains strong within the AI/Web3 sector. It just needs the market to give it a little push to take off.
4️⃣ FET (Fetch.ai) – Current price: $0.5783 🤖📡🚦
Fetch.ai, another token tied to the narrative of artificial intelligence + decentralized automation, has shown a pullback after failing to break $0.84.
But not all is lost:
It is currently testing the 20-day EMA ($0.65)
If it manages to bounce here, it is very likely to attempt to break $0.80 and then $1.09, its major resistance.
The RSI remains balanced, giving room for a rise without entering overbought.
But if it doesn't bounce, we could see falls towards $0.54 (50-day SMA) and even $0.50, a psychological support area where volume often enters.
FET has been consolidating in a range for weeks, and that often precedes large explosive movements 💣
Will Fetch.ai be the next AI-token to break out?
💼💥Meanwhile, the market awaits the Federal Reserve's decision on interest rates on May 7. A surprise here could completely change the market landscape. For now, traders remain expectant... and loaded with USDT in case they need to enter strongly.
📌 Sources: Cointelegraph, CoinDesk, X (@nsquaredcrypto), Binance Blog, TradingView, The Block
🤔 Do you think any of these altcoins has more potential than BTC in the short term? Which one are you going for this week?
💬👉🏻Let me know in the comments!
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