Hyperliquid, BNB, Monero rise as resistance levels come into play
Hyperliquid (HYPE), BNB (previously known as Binance coin), and Monero (XMR) are staging minor recoveries as the broader crypto market trades in the red. Technically, the recovery in HYPE, BNB, and XMR emerges as selling pressure cools down, but overhead resistance poses the risk of bearish turnaround, which could extend the prevailing decline.
Still, a potential breakout could result in the next big jump in Hyperliquid, BNB, or Monero.
Hyperliquid eyes triangle breakout rally
Hyperliquid edges higher by over 4% at press time on Thursday, extending the 2% rise from the previous day. The recovery run in the perpetual-focused Decentralized Exchange (DEX) token approaches a local resistance trendline, which completes a descending…
