Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are stuck in consolidation, but three altcoins are quietly setting up some of the cleanest technical moves in the market right now.
Hyperliquid: Bouncing Off Support But EMAs Remain The Wall
Hyperliquid, as measured by Hyperliquid Strategies Inc (NASDAQ:PURR), bounced 2% after tagging the $56 to $58 demand zone, a key support band being tested for the first time since the June rally.
Crypto analyst ALTF4 noted on X that Hyperliquid’s growth has moved beyond trading volume into market structure, with roughly $194 billion in 30-day perpetual volume, $11.5 billion in open interest, and non-crypto markets including equities, FX, and commodities now trading on the same venue.
Moreover, Bitwise Chief Investment Officer Matt Hougan recently highlighted HYPE as an early leader in the convergence of blockchain and traditional finance, noting the platform is on pace to generate $800 million in revenue this year and uses 99% of that to buy back HYPE tokens on the open market.
The chart, though, requires patience. The 20-day EMA at $62.56 and 50-day EMA at $62.31 are converging just above current price, forming a dense resistance cluster that needs to flip to support before the setup carries conviction.
Key levels for HYPE:
- $56 to $58 — Demand zone support; losing this exposes $52
- $62.31 to $62.56 — EMA cluster, the resistance wall to reclaim
- $76 — Chart projection target on a confirmed EMA reclaim
Uniswap: Cup and Handle Breakout with Supertrend Confirmation
Uniswap (CRYPTO: UNI) surges to $3.8, completing a textbook cup and handle breakout. The cup formed from May through June, the handle consolidated through early July, and price has now cleared the breakout level with conviction.
The Supertrend indicator flipped green at $3.23, adding trend confirmation to the pattern.
Price now sits above all four major EMAs and is challenging the 200-day EMA at $3.9 as the final overhead barrier before open air. The cup and handle measured move targets $4.80 to $5 on continuation.
Key levels for UNI:
- $3.9 — 200-day EMA, last resistance before the measured move opens
- $4 — Psychological resistance above
- $3.54 — 20-day EMA support on any retest; holding here keeps the breakout valid
- $3.23 — Supertrend level, the line that invalidates the setup on a close below
Monero: The Cleanest Breakout Setup In The Market Right Now
Monero (CRYPTO: XMR) pushes to $357.28, pressing directly into the descending trendline that has capped every rally since late January.
Bollinger Bands are squeezing tight with price coiling at the upper band at $358.63, a classic compression pattern before a directional expansion.
All four EMAs are clustering between $333 and $354, essentially flat, confirming the squeeze is real.
A daily close above $360 clears the descending trendline and triggers the Bollinger expansion, with a breakout target of $400 to $420. Rejection here sends the price back to $333.
Key levels for XMR:
- $358.63 — Bollinger upper band and descending trendline confluence, the breakout line
- $333 — Bollinger midband support on rejection
- $400 to $420 — measured move target on confirmed breakout
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