Several altcoins are capturing investor attention as they approach critical technical levels, setting the stage for a potential breakout or breakdown.
The recent performance of Hyperliquid (HYPE), Toncoin (TON), Shiba Inu (SHIB), and Pi Network (PI) in particular points to growing bullish sentiment, but each faces a distinct test in the days ahead.
Hyperliquid (HYPE): Volume Surges as Price Nears Key Test
HYPE has surged nearly 8% in the past 24 hours, climbing to $37.93. Volume has also jumped by over 31%, signaling strong buying interest.
The token’s price behavior suggests a solid uptrend, with consistent higher highs and higher lows. Following a consolidation between $36.00 and $37.00, it broke upward to test the $38.00 resistance.
Source: CoinMarketCap
This $38.00 level is a significant threshold. A clean break above could push HYPE toward uncharted territory.
With a fully diluted valuation of nearly $38 billion, investors appear confident about long-term prospects. However, if a pullback occurs, $36.00 must hold to keep the bullish momentum intact.
Related: 6 Altcoins Shine Green in a Red Market With Strong Relative Strength
Toncoin (TON) and Shiba Inu (SHIB): Pushing Against Local Peaks
TON has posted a modest gain of 3.5%, with price action hovering near the intraday high of $2.93. Importantly, this level has become a key short-term resistance. Price support at $2.85 and $2.70 provides a foundation for further upward movement if volume strengthens.
Source: CoinMarketCap
The lack of a surge in trading volume suggests cautious optimism among traders. If TON breaks above $2.93, it may target the psychological $3.00 mark.
Related: 5 Altcoins Show Comeback Potential After Market Dip
Source: CoinMarketCap
Meanwhile, SHIB is riding a strong wave of momentum, gaining over 6% and maintaining higher lows. The price is approaching its resistance at $0.00001175. A breakout here could ignite another rally, possibly toward $0.00001200. Despite a slight drop in volume, the price trend remains bullish, backed by rising market cap.
Pi Network (PI): A Steady Climb Toward a Crucial Breakout
Pi Network has quietly built a steady uptrend, climbing nearly 6% to $0.5377. The token rebounded from below $0.50 and now flirts with the resistance level at $0.545. If it breaks above, $0.550 becomes the next likely target.
Source: CoinMarketCap
Significantly, volume has increased along with price, supporting the bullish setup. However, if the rally fades, the $0.520 support must hold to maintain momentum.
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