Technical Crossroads: HYPE, SHIB, and LINK Navigate Critical Support Zones

Hyperliquid Holds Critical Support Amid Profit-Taking

Hyperliquid has entered a corrective phase spanning nearly two weeks, with the token trading around $59.5—perilously close to its 100-day exponential moving average, a level that has historically underpinned the asset during its broader uptrend. Recent weakness has driven the token below both its 26-day and 50-day moving averages, intensifying short-term selling pressure. Yet despite this weakness, buyers continue to defend the $57.5 support zone, preventing a decisive breakdown.

If this critical level holds, HYPE could mount a recovery toward the 50-day EMA near $62, followed by the 26-day EMA around $64.3. A successful reclamation of both averages would likely restore bullish momentum and potentially spark another challenge of the $68–70 resistance band. A constructive sign for bulls: trading volume has declined throughout the pullback, typically indicating profit-taking activity rather than aggressive liquidation. The Relative Strength Index resting near 43 leaves substantial headroom for buying interest before reaching overbought conditions.

Shiba Inu Delivers Long-Awaited Breakout on Volume Surge

Shiba Inu finally broke through its extended consolidation pattern, powered by one of its most substantial daily volume spikes in recent months. With trading volume surging above 2 trillion SHIB, buyers pushed the token decisively above both the 26-day and 50-day exponential moving averages and tested the 100-day EMA near $0.00000504. The move invalidated the series of lower highs that had characterized SHIB’s July performance, signaling a potential shift in momentum.

However, recent price action reveals persistent seller resistance at these heights, evidenced by long upper wicks suggesting profit-taking remains active. The technical picture improves significantly if SHIB maintains support above the 26-day EMA around $0.00000445 and the nearby 50-day EMA, enabling consolidation of the breakout rather than a complete unwind. The declining 200-day EMA at $0.0000060 represents the primary longer-term barrier to a more comprehensive bullish reversal. Momentum indicators support optimism—the RSI has climbed toward 65, indicating robust buying demand while staying below overbought territory, leaving room for further upside.

Chainlink Pursues Trend Reversal Above Short-Term Averages

Chainlink is mounting a bid for a significant trend reversal, presently trading near $8.72 above all three short-term exponential moving averages. The recovery commenced after buyers established a base near $7.20 earlier this month, since constructing a series of higher highs and higher lows—a classic reversal signal. This advance differs from earlier recovery attempts by riding expanded trading volume, confirming genuine buying participation rather than a superficial squeeze.

Immediate focus centers on the $8.80–$9.00 resistance zone, where LINK briefly surged before sellers intervened. A convincing close above this range could ignite a run toward the psychological $10 level, which also aligns with previous resistance from May. The RSI has advanced above 60 without becoming overbought, leaving potential for further gains if momentum sustains. Yet the medium-term picture remains incomplete: the 200-day EMA near $9.75 looms as the substantial barrier between current price action and a fully confirmed trend reversal.

Source: U.Today. Not financial advice.

How altcoins behave at these technical junctures will likely influence broader market sentiment and investor risk appetite in coming weeks.