Invest ideasNews
20 Apr 2026, 19:55
A Stark XRP Price Call: Why One Analyst Says It Could Be Under $1 By 2031
One analyst is arguing that XRP could fall below $1 within five years — a prediction that contrasts sharply with the token’s historical price action during previous bull and bear cycles. The argument, however, rests on what the analyst says are catalysts that XRP supporters expected to push the price much higher, but which ultimately faded. Catalysts Have Come And Gone Motley Fool analyst Johnny Rice says several of the “big” events that bullish investors pointed to have already come and gone. In his view, those moments briefly lifted sentiment and price, but the token later slipped back toward levels that look closer to where it started rather than sustaining a long-term breakout. Rice points first to the settlement between the US Securities and Exchange Commission (SEC) and Ripple Labs, which provided significant clarity for the token. The resolution helped unlock momentum, but Rice says it wasn’t enough to create durable demand. Related Reading: Ethereum Just Saw Its Strongest Buy Pressure Since The 2022 Bear Market He also highlights the launch of spot XRP exchange-traded funds (ETFs). In the early period, this helped drive a surge in interest—Rice notes that total investment hit about $1.6 billion. But he says that initial enthusiasm proved short-lived. Rice’s assessment also frames XRP’s performance against recent price history. He notes that the altcoin is down more than 60% from its July high of around $3.65. He adds that the token is also trading well below $2 before the SEC dropped its lawsuit, suggesting that even after the legal overhang was removed, the market did not sustain the kind of upside many bulls had forecast. XRP Outlook Under $1 Rice says one of the central narratives among bulls has been that financial institutions would need XRP to move value across borders. The argument is that banks’ cross-border activity could translate into stronger, ongoing demand for the token if adoption keeps expanding. The logic is that Ripple’s technology converts one currency into XRP—the bridge asset—then converts XRP into the destination currency. In that framework, broader bank adoption should translate into more XRP demand, and, ultimately, higher prices. Rice says that thesis has not clearly materialized in a way that supports the bullish price targets. He argues that even though adoption of Ripple’s payments platform continues to grow, the XRP price hasn’t followed in proportion. The analyst describes this disconnect as something that has accelerated over the past year, and he explains why demand for cross-border payments may be weaker than many investors assumed. Related Reading: Remember Arbitrum? This Analyst Just Predicted That A 7,400% Rally Is Coming The central issue, in his view, is that Ripple’s stablecoin is “undercutting XRP” demand as the bridge asset. If banks have a more attractive alternative for use in cross-border transfers—specifically Ripple’s own stablecoin, RLUSD—then the “bridge through XRP” demand mechanism becomes less potent. Rice’s point is not simply that Ripple’s business is doing better or worse, but that the source of real incremental demand for XRP may be eroding as RLUSD offers banks another option for bridging value. The analyst says he believes Ripple is building a thriving payments business and that five years from now it may continue expanding its footprint in the industry. But his bottom-line forecast remains bearish: he expects XRP to end up below $1, far from the higher price targets often promoted around the idea of XRP becoming the key banking bridge asset. Featured image from OpenArt, chart from TradingView.com
20 Apr 2026, 19:55
USD/CHF Price Forecast: Critical 0.7845 Resistance Caps Dollar’s Bullish Momentum
BitcoinWorld USD/CHF Price Forecast: Critical 0.7845 Resistance Caps Dollar’s Bullish Momentum The USD/CHF currency pair faces a crucial technical juncture as US Dollar bulls encounter formidable resistance below the 0.7845 level, creating significant implications for forex traders and institutional investors monitoring Swiss Franc dynamics. This analysis examines the technical charts and fundamental backdrop shaping this important currency cross, providing context for market participants navigating current volatility. USD/CHF Technical Analysis: The 0.7845 Resistance Barrier Technical charts reveal the 0.7845 level as a critical resistance zone for USD/CHF. This price point represents a convergence of multiple technical factors that have historically limited upward movements. The pair has tested this resistance three times in recent weeks, with each attempt resulting in rejection and subsequent pullbacks. Market analysts observe that trading volume typically decreases as price approaches this level, indicating hesitation among buyers. Furthermore, the 200-day moving average currently sits just above this resistance at 0.7860, creating an additional technical hurdle. Bollinger Bands show contraction around this price region, suggesting potential volatility expansion once a decisive break occurs. The Relative Strength Index (RSI) readings remain neutral in the 45-55 range, providing no clear directional bias but indicating balanced momentum. Fundamental Drivers Impacting USD/CHF Dynamics Several fundamental factors contribute to the current USD/CHF price action. The Swiss National Bank maintains its focus on price stability while monitoring exchange rate developments closely. Recent SNB communications emphasize readiness to intervene in currency markets if necessary to prevent excessive Swiss Franc appreciation. Meanwhile, Federal Reserve policy remains data-dependent, with interest rate differentials between the two currencies influencing capital flows. Economic data releases from both economies create periodic volatility spikes. US employment figures and inflation reports typically generate the most significant movements, while Swiss economic indicators like the KOF Economic Barometer provide insights into domestic conditions. Geopolitical developments also affect this safe-haven currency pair, with risk-off sentiment typically benefiting the Swiss Franc against most counterparts. Historical Context and Market Psychology The 0.7845 level holds psychological significance beyond pure technical analysis. This price region served as support throughout early 2023 before breaking downward in mid-2024. Market memory often creates self-fulfilling resistance at such historically significant levels. Institutional order flow analysis reveals substantial sell orders clustered around this price point, creating natural resistance from algorithmic and discretionary traders alike. Seasonal patterns also influence USD/CHF behavior during this period. Historical data shows that the pair typically experiences reduced volatility during European summer months, followed by increased activity in autumn. Current positioning data from the Commodity Futures Trading Commission (CFTC) shows net short positioning on the Swiss Franc, suggesting market expectations for eventual USD strength. Comparative Analysis with Other Currency Pairs The USD/CHF resistance pattern mirrors developments in related currency crosses. The EUR/CHF pair shows similar consolidation characteristics, while USD/JPY exhibits different dynamics due to Bank of Japan policy divergence. This comparative analysis helps traders understand whether USD/CHF movements reflect broad US Dollar trends or Swiss Franc-specific factors. Key Technical Levels for USD/CHF Level Type Significance 0.7845 Resistance Multi-test failure point 0.7760 Support Recent swing low 0.7900 Resistance Psychological round number 0.7720 Support 200-week moving average Market Structure and Institutional Positioning Institutional analysis reveals specific market structure characteristics around the 0.7845 level. Liquidity mapping shows thinner order books above this resistance, suggesting potential for rapid movement if a breakout occurs. Options market data indicates increased demand for upside calls above 0.7850, reflecting some market expectations for eventual breakthrough. Bank research notes highlight several key observations: Swiss Franc correlation with gold prices remains elevated at approximately 0.65 Carry trade attractiveness diminished by narrowing interest rate differentials Hedging activity increased among European corporates with USD exposure Volatility expectations priced higher for Q4 2025 than current realized volatility Risk Management Considerations for Traders Professional traders emphasize specific risk management approaches given current market conditions. Position sizing typically reduces near significant technical levels like 0.7845 due to unpredictable breakout behavior. Stop-loss placement requires careful consideration of false breakouts, which frequently occur around such well-watched levels. Timeframe alignment becomes crucial, with different strategies appropriate for scalpers versus position traders. Scenario planning should account for both breakout and rejection possibilities. A sustained move above 0.7845 would target the 0.7900-0.7920 region initially, while rejection could see a retest of support around 0.7760. Market participants monitor order flow for clues about institutional positioning shifts, which often precede significant directional moves. Conclusion The USD/CHF price forecast remains contingent on the pair’s ability to overcome the critical 0.7845 resistance level that continues to cap US Dollar bullish momentum. Technical charts show clear rejection patterns at this price point, while fundamental factors provide mixed signals about potential breakout catalysts. Market participants should monitor upcoming economic data releases and central bank communications for directional clues, while maintaining disciplined risk management given the significant technical importance of this resistance zone. The USD/CHF forecast will likely resolve with increased volatility once price establishes a clear position relative to this key technical level. FAQs Q1: Why is the 0.7845 level so significant for USD/CHF? The 0.7845 level represents a convergence of historical support/resistance, Fibonacci retracement levels, and institutional order clustering. It has rejected multiple bullish attempts, creating strong market memory and psychological significance. Q2: What fundamental factors could help USD/CHF break above 0.7845? Sustained US economic outperformance versus Switzerland, more hawkish Federal Reserve policy relative to SNB stance, or reduced geopolitical risk that diminishes Swiss Franc safe-haven demand could support a breakout. Q3: How does Swiss National Bank policy affect USD/CHF? The SNB actively monitors and sometimes intervenes in currency markets to prevent excessive Swiss Franc appreciation. Their policy decisions on interest rates and currency market operations directly influence USD/CHF dynamics. Q4: What timeframes are most relevant for analyzing this resistance? Daily and weekly charts provide the clearest perspective on the 0.7845 level’s significance, though intraday traders monitor 4-hour and hourly charts for shorter-term entry and exit signals around this level. Q5: How should traders manage risk around this technical level? Reduced position sizes, wider stop-loss margins to account for false breakouts, and clear scenario planning for both breakout and rejection outcomes represent prudent risk management approaches near significant technical levels. This post USD/CHF Price Forecast: Critical 0.7845 Resistance Caps Dollar’s Bullish Momentum first appeared on BitcoinWorld .
20 Apr 2026, 19:45
NZD/USD Plummets: US-Iran Tensions Fuel Dollar Surge Ahead of Critical CPI, Retail Sales Data
BitcoinWorld NZD/USD Plummets: US-Iran Tensions Fuel Dollar Surge Ahead of Critical CPI, Retail Sales Data The New Zealand Dollar retreated against the US Dollar in early Asian trading on Wednesday, as escalating geopolitical tensions in the Middle East triggered a broad flight to safety, bolstering demand for the American currency. Market participants now keenly await the release of New Zealand’s Consumer Price Index (CPI) and US Retail Sales data, which will provide crucial signals for both nations’ monetary policy paths. This confluence of geopolitical risk and fundamental economic data creates a volatile cocktail for the NZD/USD pair, often considered a barometer for global risk sentiment and commodity-driven currencies. NZD/USD Technical and Fundamental Drivers Charts of the NZD/USD pair clearly illustrate a decisive break below a key support level near 0.6100. This downward movement, representing a decline of approximately 0.8% over the past 24-hour session, coincides directly with reports of heightened military posturing between the United States and Iran. Consequently, the US Dollar Index (DXY), which measures the greenback against a basket of six major peers, rallied to a one-month high. Historically, the Kiwi dollar exhibits sensitivity to global risk appetite due to New Zealand’s export-oriented economy. Therefore, when geopolitical instability rises, capital typically flows out of risk-sensitive assets like the NZD and into perceived safe havens, primarily the US Dollar and US Treasury bonds. Several interrelated factors are currently pressuring the NZD/USD exchange rate: Geopolitical Risk Premium: Renewed US-Iran tensions inject uncertainty into global energy markets and trade routes, prompting investors to seek shelter in the world’s primary reserve currency. Diverging Central Bank Outlooks: The Reserve Bank of New Zealand (RBNZ) has signaled a potential end to its tightening cycle, while the US Federal Reserve maintains a cautious, data-dependent stance on rate cuts. Commodity Price Pressure: While dairy prices, a key NZ export, have shown resilience, broader industrial metal prices have softened, weighing on the commodity-linked Kiwi. Yield Differential: The interest rate advantage held by US assets over their New Zealand counterparts has narrowed, reducing the NZD’s carry-trade appeal. Anticipating the New Zealand CPI Data Release The upcoming New Zealand CPI report for the first quarter stands as the most significant domestic event risk for the Kiwi dollar this week. Economists surveyed by major financial institutions project headline inflation to have eased to an annual rate of 4.2%, down from 4.7% in the previous quarter. The Reserve Bank of New Zealand’s own forecasts are pivotal here. The RBNZ has explicitly stated that its future policy decisions will be contingent on incoming data confirming that inflation is returning sustainably to its 1-3% target band. A CPI print significantly below expectations could reinforce market bets that the RBNZ’s next move will be a rate cut, potentially later in 2025. Conversely, a hotter-than-expected inflation reading would challenge that narrative and could provide temporary support for the NZD. Expert Analysis on RBNZ Policy Trajectory Michael Gordon, Senior Economist at Westpac New Zealand, noted in a recent client briefing, “The trajectory of domestic inflation remains the single most important input for the RBNZ. While global factors like Middle East tensions cause short-term FX volatility, the medium-term path for NZD/USD will be dictated by the relative inflation fight in New Zealand versus the United States. A decisive drop in the CPI, particularly in the non-tradable (domestic) component, would be a game-changer for market pricing.” This analysis underscores the data-dependent nature of modern central banking. Market participants will scrutinize not just the headline number but also the breakdown between tradable (imported) and non-tradable inflation, with the latter being more directly influenced by domestic monetary policy. US Retail Sales and the Dollar’s Safe-Haven Bid Simultaneously, the US economic calendar presents the Advanced Retail Sales report for March. Consensus forecasts point to a moderate increase of 0.4% month-over-month, following a 0.6% rise in February. Strong consumer spending data would affirm the resilience of the US economy, allowing the Federal Reserve to maintain its “higher for longer” interest rate posture. This scenario would likely extend the US Dollar’s strength. However, the geopolitical overlay currently dominates. The US Dollar’s role as the world’s primary safe-haven asset means its value often rises during periods of international crisis, irrespective of immediate domestic economic data. This dual dynamic—strong data and risk aversion—can create a powerful tailwind for the USD, as witnessed in previous episodes of global tension. The following table summarizes the key data releases and their potential impact on NZD/USD: Event Date/Time (GMT) Forecast Previous Potential NZD/USD Impact NZ CPI Q1 (YoY) Wed, 22:45 4.2% 4.7% Bearish on miss, Bullish on beat US Retail Sales (MoM) Thu, 12:30 0.4% 0.6% Bearish (for NZD) on beat, Mildly Bullish on miss US Initial Jobless Claims Thu, 12:30 215K 211K Secondary influence Historical Context and Market Psychology This is not the first instance where the NZD/USD pair has faced pressure from Middle East tensions. During similar periods of escalation in 2020 and 2022, the pair exhibited pronounced weakness, often recovering only after clear diplomatic de-escalation. The current situation reintroduces a “geopolitical risk premium” into currency pricing. Furthermore, the market’s technical posture is crucial. The break below 0.6100 has triggered stop-loss orders from algorithmic and leveraged funds, exacerbating the downward move. The next significant technical support level resides near the 2025 low of 0.5980. A sustained hold above this level will likely require either a de-escalation in the Middle East or a surprisingly hawkish shift in perception regarding RBNZ policy. Conclusion The NZD/USD pair faces a perfect storm of negative drivers, with acute geopolitical risk amplifying underlying economic divergences. The immediate downward pressure stems from a flight to the US Dollar as US-Iran tensions flare. However, the currency pair’s medium-term trajectory will be decisively shaped by the upcoming fundamental data from both nations. A soft New Zealand CPI print could validate a dovish RBNZ outlook, extending the NZD’s weakness. Conversely, robust US Retail Sales would reinforce the Fed’s patient stance, supporting the USD. Traders and investors must therefore navigate a landscape where geopolitics sets the short-term tone, but domestic inflation and consumption data will write the longer-term script for the NZD/USD exchange rate. FAQs Q1: Why does the NZD/USD fall when US-Iran tensions rise? The NZD is considered a risk-sensitive, commodity-linked currency. During geopolitical crises, investors seek the safety of the US Dollar, the world’s primary reserve currency, causing capital to flow out of assets like the NZD and into the USD, pushing the NZD/USD pair lower. Q2: What is the most important data release for the New Zealand Dollar this week? The New Zealand Consumer Price Index (CPI) for the first quarter is the critical domestic release. It will directly influence expectations for the Reserve Bank of New Zealand’s future interest rate decisions, which are a primary driver of the currency’s value. Q3: How could strong US Retail Sales data affect NZD/USD? Strong US Retail Sales suggest a resilient American economy, which could allow the Federal Reserve to keep interest rates higher for longer. This would maintain the US Dollar’s yield advantage and likely lead to further NZD/USD weakness, all else being equal. Q4: What is a “geopolitical risk premium” in forex markets? It is an additional margin of safety or discount that investors demand for holding assets perceived as risky during times of international conflict or uncertainty. This premium manifests as a weaker currency for nations like New Zealand, whose economies are seen as more vulnerable to global trade disruptions. Q5: Where is the next major support level for NZD/USD if the decline continues? Based on recent price action, the next significant technical support level is near the 0.5980 mark, which was the low point reached earlier in 2025. A break below this level could open the path for a test of the 0.5900 psychological handle. This post NZD/USD Plummets: US-Iran Tensions Fuel Dollar Surge Ahead of Critical CPI, Retail Sales Data first appeared on BitcoinWorld .
20 Apr 2026, 19:41
XRP missing from top DEX rankings as XRPL’s DeFi ambitions spark debate
🚨 XRP Ledger protocol criticized for missing top DEX trading volumes. XRPL validator claimed $XRP could lead the next DeFi boom. Continue Reading: XRP missing from top DEX rankings as XRPL’s DeFi ambitions spark debate The post XRP missing from top DEX rankings as XRPL’s DeFi ambitions spark debate appeared first on COINTURK NEWS .
20 Apr 2026, 19:40
Ethereum Price Prediction 2026-2030: The Critical Path to a $10k Milestone
BitcoinWorld Ethereum Price Prediction 2026-2030: The Critical Path to a $10k Milestone As of early 2025, the Ethereum blockchain stands at a pivotal juncture, with its native asset, ETH, captivating investor attention for its long-term price potential. This analysis examines the fundamental and technical factors that could shape the Ethereum price prediction from 2026 through 2030, specifically addressing the widely debated question of a $10,000 valuation. Ethereum Price Prediction: Foundation in Network Utility Any serious Ethereum price prediction must first move beyond pure speculation. Consequently, it must anchor itself in the network’s evolving utility. The successful transition to Proof-of-Stake (The Merge) fundamentally altered Ethereum’s economic model. Subsequently, ongoing upgrades like proto-danksharding aim to drastically reduce layer-2 transaction costs and increase throughput. These technical milestones directly influence adoption metrics, which in turn underpin long-term value accrual. Network analysts consistently monitor key indicators. Total Value Locked (TVL): The aggregate capital secured within Ethereum’s DeFi ecosystem. Daily Active Addresses: A core measure of network usage and user growth. Fee Burn Mechanism: The post-EIP-1559 deflationary pressure on ETH supply. Historical Context and Macroeconomic Drivers Ethereum’s price history reveals sensitivity to broader market cycles and technological catalysts. For instance, the 2021 bull run correlated with the explosive growth of DeFi and NFTs. Looking forward, macroeconomic conditions like interest rate trajectories and institutional adoption through regulated ETFs will play a decisive role. Furthermore, regulatory clarity, particularly from jurisdictions like the United States and the European Union with its MiCA framework, will either foster or hinder ecosystem growth. Analysts from firms like CoinShares and Galaxy Digital frequently emphasize this interplay between innovation and regulation. Expert Perspectives on Long-Term Valuation Financial institutions incorporate discounted cash flow models and network value-to-transaction ratios. For example, a report by Fidelity Digital Assets in late 2024 highlighted Ethereum’s “fee-generating capability” as a novel valuation metric. Meanwhile, blockchain analytics firm Glassnode assesses on-chain data to gauge investor conviction, tracking metrics like supply held by long-term holders. These data-driven approaches provide a counterbalance to more speculative price targets. Scenario Analysis: Pathways to 2030 A multi-scenario framework offers a more nuanced Ethereum price prediction than a single headline figure. Each scenario depends on the successful execution of Ethereum’s roadmap and favorable external conditions. Scenario Key Drivers Potential ETH Price Range (2030) Conservative Adoption Moderate scaling success, sustained regulatory hurdles. $4,000 – $6,000 Base Case (Current Trajectory) Successful full danksharding, steady institutional inflow. $7,000 – $9,000 Bull Case ($10k+) Mass tokenization of assets, global DeFi adoption, maximal supply burn. $10,000 – $15,000 The bull case scenario, therefore, hinges on Ethereum becoming the dominant settlement layer for a vast array of real-world assets and financial applications. This requires not just technical scalability but also unprecedented mainstream and institutional trust. Risks and Challenges to the Forecast Conversely, several significant risks could impede progress. Intense competition from alternative layer-1 and layer-2 blockchains pressures Ethereum’s market share. Additionally, unforeseen technical complexities in future upgrades could delay scalability gains. Finally, a prolonged adverse macroeconomic environment could suppress risk-asset valuation across all financial markets, cryptocurrencies included. A comprehensive Ethereum price prediction must acknowledge these substantial headwinds. Conclusion Projecting the Ethereum price prediction through 2030 involves synthesizing technological roadmaps, macroeconomic trends, and adoption metrics. While a $10,000 ETH valuation is mathematically plausible within a bullish paradigm, its realization is contingent upon the network’s continued execution and expanding real-world utility. Ultimately, investors should prioritize understanding these underlying fundamentals over fixating on any single price target. FAQs Q1: What is the most important factor for Ethereum’s price growth by 2030? The primary factor is the successful implementation of its scaling roadmap to securely support tens of millions of daily users at low cost, thereby driving utility-based demand for ETH. Q2: How does Ethereum’s staking yield affect its long-term price prediction? The staking yield, generated from network fees, creates a structural demand for ETH as a productive asset, potentially making it more attractive to institutional capital seeking yield in a digital economy. Q3: Could regulatory action derail this Ethereum price prediction? Yes. Opaque or hostile regulation in major economies could severely limit institutional participation and developer innovation, capping adoption and negatively impacting price trajectories. Q4: How does the burn mechanism from EIP-1559 influence the $10k target? During periods of high network usage, the burn mechanism can make ETH net deflationary. This decreasing supply, coupled with rising demand, is a key mathematical component in long-term bullish models. Q5: Are traditional financial valuation models applicable to Ethereum? Analysts are adapting traditional models. For example, they may treat ETH as a combination of a commodity (network fuel), a dividend-paying stock (via staking), and a treasury asset (for DeFi protocols), requiring a hybrid valuation approach. This post Ethereum Price Prediction 2026-2030: The Critical Path to a $10k Milestone first appeared on BitcoinWorld .
20 Apr 2026, 19:35
Hyperliquid Price Drops 5% as DeFi Hit by Kelp DAO Hack
On April 20, Hyperliquid (HYPE) price fell by around 5% during intraday trading, sparking fear in the community. The drop comes amid heavy liquidation in the crypto market following the Kelp DAO hack, in which hackers siphoned off $290 million. Despite the drop in the HYPE tokens, the crypto market is showing resilience as Bitcoin (BTC) still holds a position above $76,000. On April 20, the Hyperliquid (HYPE) price suffered a drop of around 5.5% on a daily chart following turmoil in the decentralized finance sector due to the Kelp DAO hack. At the time of writing this, Hyperliquid is currently trading at around $40.87 with a market capitalization of $10.44 billion. Its daily trading volume has jumped by around 107% and currently revolves around $389.02 million, according to CoinMarketCap . DeFi Sector Takes a Major Hit After KelpDAO Hack Once again, the decentralized finance sector is facing turmoil over the weekend, when hackers stole approximately $290 million from KelpDAO, a popular liquid staking protocol. On April 18 and 19, attackers exploited a weakness in KelpDAO’s cross-chain bridge, which was powered by LayerZero, to create fake rsETH tokens worth hundreds of millions of dollars. They then used these fake tokens as collateral on major lending platforms like Aave to borrow real Ethereum. This incident is now one of the largest DeFi hacks of 2026. KelpDAO quickly paused its system to stop further damage, but the news spread fast and scared many users across the ecosystem. This hack incident has sparked a huge panic across decentralized finance. After this hack, users have started pulling out their money from the DeFi sector, causing a $13 billion drop in total value locked (TVL) across the entire DeFi sector within 48 hours. One of the leading lending platforms, Aave, has witnessed more than $8 billion withdrawn in just 1 day. Its TVL fell from $26.4 billion to around $18 to $20 after the incident. Other protocols like Morpho, Sky, and even some on Solana that were not directly involved also faced large outflows. Many platforms had to freeze certain markets to avoid bigger losses from bad loans. Hyperliquid Drops Slightly as Momentum Cools After Recent Rally According to TradingView, the daily and 4-hour charts are showing HYPE forming a rising wedge pattern. This setup is considered a bullish continuation pattern as long as the price stays inside the ascending channel. As per the current price chart, there is no clear reversal visible on the charts yet. The relative strength index on the 14-day timeframe is currently sitting in the neutral zone at around 47. The RSI has moved down from overbought levels above 70 during the recent high. This suggests that the token is neither heavily overbought nor oversold at present levels. This neutral reading leaves room for a major short-term bounce if buying interest returns to the market. On the moving averages, the price is hovering around the short-term 5-day, 10-day, and 20-day simple and exponential moving averages. This sits around $40.90 to $41.30. This provides mixed signals in the near term. However, the token is continuing to trade comfortably above the longer-term 50-day simple moving average, around $39.50, and the 200-day simple moving average, around $35. According to the current price chart, there are major resistance levels at around $40, which will work as an immediate support. If the price falls below these levels, then there are strong supports at around $38 to $36. On the flip side, if the Hyperliquid manages to gain upward momentum, there are major resistance levels at around $43.70 to $44. Also, if the cryptocurrency breaks above $45, then Hyperliquid could target the next major resistance levels at around $50. However, the current state of the DeFi sector is affecting Hyperliquid negatively. Despite the major liquidation in the DeFi sector, Bitcoin (BTC) is still showing a sign of bullish momentum as it holds a position above $76,000. Also Read: Aave Hit by KelpDAO rsETH Hack, AAVE Price Slides Below $100
