Hyperliquid and Zcash lead the altcoin market, but analysts warn that crowded sentiment and extended indexes could increase downside risks.
summary
- Hyperliquid is trading near $59 after hitting an all-time high of $62.18 on May 21.
- Zcash price has risen more than 100% in 30 days, but traders are now keeping an eye on the $700 resistance area.
- Analysts warn that crowded sentiment and overbought signals may increase downside risks for both assets.
Hyperliquid traded near $59.11 on May 22 after rising 29.68% over seven days and 45.77% over the past month. The coin reached an all-time high of $62.18 on May 21, while 24-hour trading volume was approximately $1.42 billion.
The move keeps HYPE among the strongest large-cap crypto assets during a weaker market. Related coverage male HYPE topped $60 on May 21, as demand for ETFs and native DeFi speculation helped drive the rally.
Ali Martinez said in a post on X that Hyperliquid’s price action has attracted record social interest. HYPE has reached all-time highs while social media has also moved to record highs, the analyst said.
This interest can support momentum, but it can also increase risk. When a trade becomes crowded, traders often watch for signs that late buyers are entering near resistance rather than early in the movement.
HYPE traders are monitoring the $60 area
Ali Martinez said HYPE is approaching a major resistance area while many indicators are showing potential exhaustion. He noted an active TD Sequential Combo 13 sell signal, an overbought RSI, and elevated Chande Momentum Oscillator readings.
HYPE “could still head towards $59 or even a little above $60” before the momentum fades, the analyst said. He added that rejection from that area could open a trend towards the $40 level. This offer is a conditional setup, not a confirmed price path.
Recent HYPE coverage also carried a similar warning. After the break above $60, crypto.news noted that short-term volatility risks remained elevated even as medium-term structural flows remain supportive.
These flows include new products listed. 21 shares Fired The first U.S. exchange-traded funds linked to HYPE, including a spot product with equity exposure and a leveraged product. Hyperliquid handles about $8 billion in daily trading volume and directs more than 95% of fees toward HYPE’s daily buybacks, the company said.
Bitwise has too linked Its Hyperliquid ETF fee model as requested by HYPE. The asset manager said it would use 10% of the management fees from the BHYP product to buy HYPE and hold it on its balance sheet.
Zcash price rally faces $700 test
Zcash traded near $645.63 on May 22, down 2.76% over 24 hours but still up 20.35% over seven days and 100.43% over 30 days. Its 24-hour trading volume reached approximately $690 million, while its market value reached approximately $10.8 billion.
The rally pushed ZEC near the $700 area before a slight pullback. The same price data showed a 24-hour range between $645.73 and $682.56, keeping traders focused on whether buyers can reclaim the upper boundary of the move.
Latest crypto.news coverage He said ZEC moved towards $700 after confirming a bull flag breakout. This report linked the rise to regulatory relief, institutional backlog, and stronger technical momentum.
The recovery towards $680 does not appear to be primarily driven by retail, Ardi said on He said retail participation remained mostly flat while buying came from medium-sized flows, with larger flows starting to recover after the correction.
ZEC traders weigh breakout and reversal risks
Ali Charts said Zcash is up more than 40% in one week and is approaching the same $700-$730 area that caused major rejection in November. He also said that TD Sequential issues a weekly sell signal.
The analyst said the weekly signal is important because any confirmed correction could be larger than the short-term pullback. It has drawn a first bearish zone near $500 and a deeper retracement zone near $380.
This warning is consistent with previous caution in the market. Crypto.news latest report He said Traders were already weighing a potential $750 target against leverage risks. The report cited concerns that weak spot demand and heavy perpetual trading could expose ZEC to faster reversals if momentum fades.
Another recent report stated that ZEC’s monthly rise has already exceeded 70%, with a golden cross adding to the bullish outlook. It is too male The revelation of Multicoin Capital’s ZEC accumulation and rising demand for privacy assets helped fuel the move.
Disclosure: This article does not constitute investment advice. The content and materials contained on this page are for educational purposes only.
