Many altcoins are attracting investor interest as they approach critical technical levels, paving the way for potential breakouts or breakdowns.
The recent performance of Hyperliquid ($HYPE ), Toncoin ($TON ), Shiba Inu ($SHIB ), and Pi Network (#PI ) specifically indicates a growing bullish trend, but each faces a different test in the coming days.
Hyperliquid (#HYPE ): Increase in trading volume as the price approaches a key test
The Hyper (HYPE) currency has risen by nearly 8% over the past 24 hours, reaching $37.93. Trading volume has increased by over 31%, indicating strong buying interest.
The currency's price behavior indicates a strong upward trend, with consistent highs and lows. After stabilizing between $36.00 and $37.00, the price broke through the resistance level at $38.00.
The level of $38.00 is an important threshold. A clear breakout above this level may push HYPE towards unknown horizons.
With a fully diluted valuation of nearly $38 billion, investors appear confident in their long-term prospects. However, in the event of a pullback, the level of $36.00 must hold to maintain bullish momentum.
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Toncoin (TON) and Shiba Inu (SHIB): Resisting local peaks
Toncoin (#TON ) recorded a slight increase of 3.5%, with the price movement nearing its daily high of $2.93. Importantly, this level has become a key resistance in the short term. Price support at $2.85 and $2.70 provides a foundation for further upward movement if trading volume increases.
The lack of an increase in trading volume indicates cautious optimism among traders. If the price of TON surpasses $2.93, it may target the psychological level of $3.00.
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Meanwhile, the token #SHIB is experiencing a strong wave of momentum, having risen by over 6% while maintaining higher lows. The price is nearing its resistance level at $0.00001175. A breakout above this level could lead to a new surge, possibly towards $0.00001200. Despite a slight decline in trading volume, the price trend remains bullish, supported by an increase in market capitalization.
Pi Network (PI): Steady rise towards a critical breakout
The Pi Network's token has quietly built a steady bullish trend, rising by nearly 6% to $0.5377. The price rebounded from below $0.50 and is now approaching the resistance level at $0.545. If it breaks through, $0.550 will be the next potential target.
Notably, trading volume has increased alongside the price rise, supporting bullish expectations. However, if this increase fades, the support level at $0.520 must hold to maintain momentum.
