Bitcoin has made a powerful comeback
Bitcoin has made a powerful comeback, climbing over 7% this week and reigniting bullish sentiment across the crypto market. The move has not only pushed Bitcoin back above the $84,000 level but also opened the door for potential rallies in major altcoins like Hyperliquid (HYPE), Ondo (ONDO), Render (RNDR), and Kaspa (KAS).
This surge comes at a time of heightened global uncertainty, with investors weighing macroeconomic factors such as U.S. interest rate policies, inflation data, and geopolitical tensions. Despite these headwinds, Bitcoin’s resilience is showing signs that the broader market may be preparing for a new leg up.
Bitcoin Eyes Further Gains
Bitcoin’s recent move above resistance is being closely watched by traders and analysts. Technical charts indicate that the $79,000–$82,500 zone is acting as a strong accumulation area. As long as Bitcoin holds these levels, a push toward the $89,000 and $95,000 marks seems likely.
The rally is being interpreted by some market experts as a shift in sentiment from short-term profit-taking to long-term positioning. Additionally, the weakening U.S. dollar is viewed as supportive for risk assets, particularly Bitcoin.
This change in market structure could also drive inflows into promising altcoins, especially those that have held firm through the recent correction.
Altcoins Poised for Action
Hyperliquid (HYPE)
HYPE has seen significant momentum, rising above its 50-day moving average and recently testing resistance at $17.35. A clean breakout above this level could send the token soaring toward $21 and potentially $25. The 20-day EMA is rising and the RSI remains in bullish territory, suggesting traders are buying the dip. If, however, the price falls below the EMA, HYPE could revisit support at $12 before attempting another rebound.
Ondo (ONDO)
ONDO has broken above a descending trendline, signaling a possible shift from bearish to bullish sentiment. The token is facing some resistance near $0.96, but strong support is forming around $0.83. If bulls manage to push above resistance, a move toward $1.20 is likely. A failure to hold above $0.83 could lead to a drop to $0.68, delaying any potential rally.
Render (RNDR)
Render’s price has reached the key resistance level at $4.22. If it manages to break above this, RNDR could complete a bullish double-bottom pattern, opening the door for a rally to $5.94. Technical indicators like the moving average crossover and a positive RSI suggest buying interest is increasing. However, rejection at resistance could result in short-term consolidation between $4.00 and $4.60.
Kaspa (KAS)
Kaspa is showing signs of bullish reversal after reclaiming its 50-day SMA. A move above $0.08 would confirm a double-bottom breakout, potentially sending the token as high as $0.12. If the rally stalls and KAS drops back below $0.07, it could continue ranging between $0.05 and $0.08 until stronger momentum builds.
Outlook: Bullish Momentum Building
Bitcoin’s ability to recover amid global economic tension is sending a strong message to the market. While volatility remains, the positive shift in sentiment and technical structure may lead to a broader market breakout.
Altcoins like HYPE, ONDO, RNDR, and KAS have all shown promising patterns, indicating that capital may begin flowing back into high-potential tokens. If Bitcoin can hold its ground and break above the $89,000 barrier, the stage may be set for the next phase of crypto market growth.
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