In a market still painted red, three altcoins — Hyperliquid (HYPE), BNB (formerly Binance Coin) and Monero (XMR) — are flashing signs of recovery and deserve a closer look.
1. Hyperliquid (HYPE) — Breaking Out of a Triangle Pattern
HYPE has gained more than 4% on the day, following a roughly 2% increase the day before.
It appears to be carving a descending-triangle pattern on the 4-hour chart, with the base around $33.28, corresponding to a recent low.
The trendline resistance intersects a key pivot point at $38.09, and a firm close above that level could open a move toward the next resistance at roughly $42.90.
Technical indicators are encouraging: MACD has crossed above its signal line, suggesting short-term bullish momentum, while RSI around 55 indicates there’s still room to run before overbought.
On the flip side, failure to clear the $38.09 threshold could send HYPE back down to test the support at $33.28.
Take-away: HYPE is in a breakout setup — if it can clear the pivot/resistance area, there may be an upside move. But the risk of a reversal remains if the breakout fails.
2. BNB — Early Signs of Recovery, But Caution Required
BNB has extended its recovery into a second day, standing above the psychologically important $1,000 mark.
That said, the rebound remains modest — around 1% on the day — and still under pressure from the sharp ~4% drop it saw a couple days earlier.
To validate a stronger bullish turn, BNB would need to close decisively above a higher pivot resistance at $1,114, at which point gains toward $1,220 could become plausible.
On the downside, losing the support near the 50-day EMA (≈ $977) would undermine the recovery scenario and increase the risk of a deeper pullback.
Take-away: BNB shows signs of stabilising, but the upside remains constrained until it breaks key resistance. Risk remains if support gives way.
3. Monero (XMR) — Bullish Setup Amid Weakening Selling Pressure
XMR is trading near ~$300 and approaching a resistance zone around $319 — the closing price from mid-September.
If Monero can clear and hold above that ~$319 level, the next target could be around $345, a level that was tested in early October.
On the technical front: MACD is gearing up for a bullish crossover and RSI at ~53 suggests room for further gains before hitting overbought territory.
However, rejection at $319 could lead to a retracement toward supports near the 50-day EMA ($302), 100-day EMA ($297), or 200-day EMA ($285).
Take-away: Monero is arguably the cleanest breakout candidate among the three, with a solid technical structure and clear levels. But as always, confirmation is key.
Final Thoughts
While the broader crypto market remains under pressure, these three altcoins are worth monitoring because they are showing early signs of a shift in sentiment.
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For HYPE: watch for a breakout above ~$38.09.
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For BNB: a sustained close above ~$1,114 would be bullish; losing ~$977 would be bearish.
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For XMR: breaking and holding above ~$319 could unlock a push toward ~$345.
Important disclaimer: This is not investment advice. Crypto markets are volatile and risky. Always do your own research and consider your risk tolerance before making any trades.
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