The post Hyperliquid Price Falls Despite Strong HYPE ETF Debut—Will $40 Hold? appeared first on Coinpedia Fintech News

The launch of the first-ever HYPE ETF marked a major milestone for the Hyperliquid ecosystem, attracting market attention and trading activity. Despite the strong attention generated by the first-ever HYPE ETF launch, the Hyperliquid price is beginning to show signs of weakness. The bearish pressure is gradually increasing across the market as the price has failed to sustain above a crucial resistance level. 

On the other hand, the momentum indicators also point towards a fading momentum. Does this point towards a short-term correction for the HYPE price rally?

First-Ever HYPE ETF Records Strong Debut Volume

The Hyperliquid ecosystem recently witnessed a major milestone after 21Shares launched the first-ever HYPE ETF, trading under the ticker THYP. According to reports, the ETF recorded nearly $1.8 million in trading volume on its debut day, signaling strong early market participation for a token-linked crypto ETF.

11 employees¹
$900+ million in profit¹
$35B valuation²
That’s @HyperliquidX.

Now in ETF form on @NasdaqExchange for the first time.

Introducing the 21shares Hyperliquid ETF:
– physically-backed by $HYPE
– staking enabled
– 0.30% management fee
– pricing backed by @FTSERussell… pic.twitter.com/7XvBGfUeGf

— 21shares US (@21shares_us) May 12, 2026

ETF analyst James Seyffart reportedly described the launch as “very solid,” noting that THYP performed above the average range typically seen during ETF debuts. The strong initial activity suggests growing institutional and traditional market interest in Hyperliquid and the broader decentralized trading sector.

The launch has also fueled speculation that additional HYPE-related investment products could follow, with Seyffart suggesting Bitwise may potentially launch a HYPE ETF next. If the momentum around these products continues to strengthen, Hyperliquid could gain broader exposure across traditional financial markets, potentially increasing liquidity and long-term investor participation around the HYPE token.

HYPE Price Faces Rising Selling Pressure as Momentum Weakens

The HYPE price is showing signs of growing weakness after failing to sustain itself above the crucial $42 resistance zone. The latest rejection from the upper supply region has triggered increasing selling pressure, pushing the price back toward the short-term support range near $39 to $40. A major bearish signal comes from the lack of strong buying activity near the lower support zones. 

Despite the recent pullback, the chart does not show aggressive bullish absorption or high-volume recovery candles near the demand areas, indicating buyers are currently hesitant to step in. Besides, the RSI has broken below its ascending trendline support, confirming weakening momentum after maintaining a bullish structure for several weeks. This breakdown suggests the previous uptrend momentum is fading as sellers gradually regain control of the market.

Key Levels to Watch

• Immediate support: $38.80
• Major support zone: $35 to $36
• Immediate resistance: $42
• Major resistance zone: $46 to $47.50

If HYPE fails to reclaim the $42 region quickly, the token may continue correcting toward the lower support zones near $38 and potentially $35. 

Can the HYPE Price Hold the Crucial $40 Support?

Overall, the Hyperliquid price remains at a crucial stage after the strong ETF-driven rally. While the launch of the first-ever HYPE ETF has significantly improved market visibility and institutional exposure, the recent price action suggests traders are becoming cautious near the higher resistance zones.

If buyers manage to defend the support near $39 and reclaim the $42 region, HYPE could regain momentum and attempt a fresh rally toward the $46 to $47 range. However, continued selling pressure may trigger a deeper correction toward the lower support zones around $35 before the market attempts another recovery phase.

The post Injective (INJ) Price Explodes 13% After Bullish Breakout—Is a Rally to $6 Next? appeared first on Coinpedia Fintech News

The Injective price witnessed a massive breakout over the past 24 hours and surged nearly 13%, reclaiming the $5 range. The rally comes amid rising market participation, increasing open interest, and growing bullish momentum across the derivatives market. After weeks of gradual recovery, the crypto is approaching a decisive resistance zone that could determine the next phase of the trend.

The daily chart suggests the token may have confirmed a rounded-bottom recovery pattern after rebounding from the April lows. The latest breakout candle has pushed the price above a crucial resistance level around $5.15. Besides, the volume and open interest have also surged sharply during the move.

The rounded-bottom formation reflects a gradual shift from accumulation to expansion, which is often considered an early bullish reversal signal. At the same time, the sharp rise in open interest suggests fresh leveraged positions are entering the market. Another important signal is the negative funding rate despite the strong price surge. This indicates many traders are still positioned short, increasing the possibility of a short squeeze if the bullish momentum continues.

The breakout above the $5.15 resistance now places INJ near a major supply zone between $6 and $6.20, which previously acted as a strong rejection region during late 2025.

Key Levels to Watch

• Immediate support: $5.15
• Major support: $4.60
• Immediate resistance: $5.50
• Major resistance zone: $6 to $6.20

A sustained move above $5.50 could accelerate the rally toward the $6 region, while holding above $5.15 may keep the short-term bullish structure intact.

The latest breakout suggests the Injective (INJ) price may be entering a stronger bullish expansion phase after months of consolidation and recovery. If the bulls maintain momentum above $5.15, the price could continue climbing toward the major resistance zone near $6 and potentially higher in the coming sessions. However, because the rally has turned highly aggressive in a short period, traders may also watch for increased volatility and short-term profit-taking near the overhead resistance levels.

The post XRP Price Eyes $1.60 Breakout as Whales Hit Record Accumulation — What’s Next? appeared first on Coinpedia Fintech News

Despite the recent market volatility, the XRP price has continued to trade within a bullish range while approaching a decisive resistance zone. The token is consolidating between $1.43 and $1.47, hinting at the possibility of a breakout toward higher levels. Meanwhile, on-chain data reveals a sharp rise in whale accumulation, reflecting growing confidence among large holders despite the uncertainty across the markets. 

This raises a key question: Will the rising whale activity trigger a breakout above the current consolidation range, or will XRP continue to trade below the major resistance barrier?

XRP Whale Wallets Reach Record High Amid Market Uncertainty

The latest on-chain data from Santiment suggests the larger XRP holders are not reacting to short-term market fear but instead continue to accumulate through uncertainty. XRP Ledger wallets holding at least 10,000 XRP have now surged to a new all-time high of 332,230, extending a steady growth trend that has remained intact since mid-2024. Moreover, the price traded well below its previous highs for most of 2026, indicating that the large investors still view the current price range as an accumulation zone. 

The chart also highlights a temporary decline of more than 4,500 whale wallets between February 6 and 8. However, the drop appears to align with the broader crypto market crash and liquidation event witnessed during that period rather than any XRP-specific weakness. More importantly, the number of large wallets has since recovered and pushed toward fresh highs, suggesting the broader accumulation trend remains firmly intact.

XRP Price Approaches Key Breakout Zone

The XRP price continues to trade within a tight consolidation range while gradually building bullish momentum beneath a major resistance zone. As seen in the daily chart, the token is attempting to reclaim the descending trendline resistance near the $1.45 to $1.50 range, which has consistently capped the bullish rallies over the past few months.

The Gaussian Channel also appears to be flattening after an extended downtrend, suggesting the bearish momentum is beginning to weaken. Meanwhile, XRP has continued to defend the lower support range near $1.32 to $1.35, forming a series of higher lows that indicate growing buying pressure.

Another bullish signal comes from the RSI, which is holding above the mid-range near 50. This suggests the momentum is gradually shifting in favor of the bulls without entering overbought territory yet, leaving room for further upside expansion.

Currently, the key breakout zone remains around $1.48 to $1.52. A successful daily close above this range could validate a bullish breakout and potentially open the doors for a move toward the next major resistance near $1.60. However, failure to break above the descending resistance may keep XRP trapped within the ongoing consolidation phase for a longer period.

What’s Next for the XRP Price Rally?

Overall, XRP price continues to consolidate below a crucial resistance zone between $1.48 and $1.52 while holding strong above the $1.35 support range. The current price structure suggests that the bulls are attempting to build momentum for a larger breakout.

If XRP breaks and closes above $1.52, the price could rally toward $1.60, with the next upside targets around $1.72 and $1.85. However, failure to clear the resistance zone may prolong the ongoing consolidation, while a drop below $1.35 could shift momentum back in favour of the bears.

The post Bitcoin (BTC) Price Holds Strong Above $80K Despite Hot CPI Data—Is Retail Accumulation Returning? appeared first on Coinpedia Fintech News

The Bitcoin price continues to display remarkable resilience despite the latest US inflation data coming in hotter than market expectations. The flagship crypto remains firmly above the crucial $80,000 support zone even as fresh Consumer Price Index (CPI) data strengthened concerns surrounding prolonged higher interest rates in the United States.

According to the latest economic data, annual US CPI inflation rose to 3.8% in April, slightly exceeding market expectations of 3.7%, while core inflation also remained elevated near 2.8%. The hotter inflation figures briefly pressured equities and broader risk markets, as traders now anticipate the Federal Reserve could delay potential rate cuts further into the year.

However, despite macroeconomic uncertainty, Bitcoin continues to consolidate near its local highs, signalling sustained bullish momentum in the crypto markets. Historically, BTC’s ability to maintain strength during periods of inflationary pressure has often reflected growing institutional confidence and stronger long-term accumulation.

At the same time, market analysts believe Bitcoin’s ongoing consolidation phase could trigger another important development across the broader crypto market—capital rotation into altcoins.

Whales Continue Accumulating Bitcoin While Retail Turns Cautious

Fresh on-chain data from Santiment suggests Bitcoin’s resilience above $80,000 is largely being supported by aggressive whale accumulation. Wallets holding between 10 and 10,000 BTC have collectively added more than 16,600 BTC over the past month, signaling growing confidence among large market participants despite macroeconomic uncertainty surrounding the latest CPI data.

Interestingly, the behavior of smaller retail wallets appears to be moving in the opposite direction. Addresses holding less than 0.01 BTC have slightly reduced their exposure during the same period, reflecting rising hesitation and short-term fear across retail traders.

Historically, such divergences have often acted as strong bullish signals for the broader crypto market. During previous bull cycles, sustained accumulation from whales and sharks while retail sentiment weakened frequently preceded major Bitcoin rallies and stronger altcoin expansions.

The current setup suggests smart money may already be positioning for the next phase of the market cycle while retail participation remains relatively cautious. As long as whale accumulation continues and Bitcoin stays above crucial support levels, the possibility of a broader market expansion and altseason remains elevated.

Will Bitcoin Price Stability Lead to an Altseason?

Historical trends suggest altcoins usually gain momentum once Bitcoin enters a consolidation phase after a strong rally. A similar setup emerged in 2021 when US CPI surged from nearly 5% toward 9%, yet the crypto markets witnessed one of their strongest expansions.

During that phase, TOTAL3 climbed from nearly $400 billion to over $1.3 trillion, while Bitcoin rallied to $69,000 and Ethereum surged beyond $4,800. Now, despite hotter-than-expected CPI data, Bitcoin continues holding firmly above $80,000 while TOTAL3 steadily builds strength. This suggests capital may gradually begin rotating into altcoins once again if BTC maintains stability.

Although the current cycle may not replicate 2021 exactly, the broader market structure indicates Bitcoin’s ongoing stability could once again create favorable conditions for a stronger Altseason in the coming weeks.

The post Zcash (ZEC) Price Surges 30%—Can Grayscale’s ETF Filing Trigger Another 50% Rally? appeared first on Coinpedia Fintech News

After witnessing a massive rally over the past week, Zcash (ZEC) price has entered a brief cooling phase, recording a pullback of over 2.6% after surging more than 33% in the last seven days. The token is currently trading around $557 after climbing above $642 earlier, suggesting a healthy correction rather than a trend reversal. Reports indicate the decline was triggered after a market participant offloaded nearly $11 million worth of ZEC, sparking a wave of long liquidations across the derivatives market. 

Despite the correction, ZEC continues to maintain a bullish structure, while optimism surrounding Grayscale’s proposed ETF filing is expected to fuel another rally beyond the recent highs.

Grayscale’s Filing Could Mark a Historic Moment for Privacy Coins

One of the biggest catalysts currently driving Zcash’s rally is Grayscale’s move to convert its Zcash Trust into a spot ETF product. If approved, this would become the world’s first-ever spot ETF tied to a privacy coin, marking a major milestone not just for Zcash but for the entire privacy-focused crypto sector. The filing has dramatically shifted market sentiment around ZEC because privacy coins have remained under intense regulatory pressure for years. 

As a result, the market is beginning to view Zcash less as a speculative privacy token and more as a potential institutional-grade privacy infrastructure asset. Besides the regulatory clarity, Grayscale’s involvement also adds institutional credibility to the ecosystem. Historically, ETF-related narratives have acted as strong bullish catalysts across the crypto markets, particularly when tied to assets with limited institutional exposure.  

ZEC Price Appears to Be Repeating a Massive Bullish Reversal Pattern

After peaking near the previous highs in late 2025, the ZEC price underwent a steep decline before gradually forming a rounded bottom structure over the past few months. The latest rally has now pushed the token back toward the neckline resistance around $550, which previously acted as a major rejection zone. The daily chart suggests Zcash may be on the verge of a much larger breakout after successfully reclaiming a critical resistance zone near $550. 

Interestingly, the current setup resembles a large cup-shaped recovery pattern that began forming after the prolonged correction phase earlier this year.

Another bullish signal comes from the derivatives market. Open Interest continues to remain elevated despite the correction, indicating traders are still maintaining exposure instead of aggressively closing positions. Meanwhile, the funding rates remain largely positive, highlighting sustained bullish sentiment across perpetual markets. If ZEC successfully confirms this breakout and sustains above the $550 range, the rally could eventually extend toward the next major resistance zone around $800. 

However, failing to hold above the breakout zone may trigger a deeper correction toward the $480 support region before the next bullish continuation attempt.

Key Levels to Watch

• Support: $550 to $540
• Lower Support: $500 to $480
• Immediate Resistance: $600 to $642
• Higher Resistance: $700
• Major Target: $800

What’s Next for Zcash (ZEC) Price?

Overall, the chart suggests Zcash price remains within a strong bullish structure despite the recent correction from the highs above $640. The price appears to be retesting a crucial breakout zone, while the sustained rise in Open Interest and positive funding rates indicate traders continue to maintain bullish exposure. Besides the bullish technical setup, optimism surrounding Grayscale’s filing for the world’s first-ever spot ETF tied to a privacy coin has further strengthened market sentiment around ZEC. As long as the price holds above the immediate support range near $540 to $550, the possibility of a fresh breakout toward the $700 and $800 resistance zones remains elevated in the coming sessions.

The post Crypto Market News Today: BTC, ETH Consolidates, While H & B Prices Lead the Markets appeared first on Coinpedia Fintech News

Crypto markets have remained largely range-bound over the past 24 hours, with Bitcoin and Ethereum consolidating near key levels. The global crypto market capitalization continues to hover around $2.7 trillion, while trading volume has slipped below $85 billion, signaling reduced market participation. Meanwhile, neutral market sentiment suggests traders remain in a wait-and-watch mode, often a precursor to a major price move.

Crypto Markets in the Past 24 Hours

• BTC price remains stuck at around $81,230 with a negligible rise of 0.54%, while Ethereum price trades at $2,311 with a drop of 1%

• XRP sustains above $1.46 with over 0.62% jump, Solana price above $96.63, Tron at $0.34, Hyperliquid at $41.25, while Dogecoin holds above $0.11

• The top gainers for the day are BUILDon (B) and Humanity (H), which surged by more than 59.5% and 26%, respectively.

• The top losers for the day are Zcash and Jupiter, which plunged over 4% each, followed by Sky & Pump.fun with over 3% drop each

• The total liquidation is around $233.99M, which includes $124.47M long and $109.61M in shorts

• The Bitcoin open interest has risen to $60B, while the funding rates have turned slightly positive to 0.0024%

• The crypto ETFs witnessed an inflow of $62.5M, out of which BTC accounts for $27.2M, Solana $26.6M & XRP $25.79M, while Ethereum faces an outflow of $17M

• Bitcoin dominance sits at 60.1%, while Ethereum’s dominance is around 10.3%, and the other altcoins hold 29.6%

Factors Impacting the Crypto Markets 

• Rising uncertainty around the US-Iran situation pressured overall risk appetite, keeping Bitcoin and major altcoins confined within a narrow range.

• Traders are closely watching upcoming US CPI inflation data, as hotter inflation could delay Federal Reserve rate cuts and impact crypto liquidity.

• Optimism surrounding the proposed US CLARITY Act has improved investor confidence, as markets expect clearer crypto regulations in the coming months.

• Crypto trading activity has declined notably, with volumes cooling across major exchanges, signaling reduced participation and a wait-and-watch approach from traders.

• Speculation around potential Bank of Japan rate hikes added macroeconomic pressure to risk assets, including cryptocurrencies. 

• Analysts continue highlighting improving institutional participation and strengthening technical structures, supporting expectations of a broader crypto recovery phase. 

The average RSI of the crypto markets is around 53.79, hinting towards the markets remaining in an equilibrium phase. The market’s volatility has also paused for a while, and hence the next upcoming catalyst, like the CPI or Clarity Act, may trigger a significant move within the markets. However, the BTC price is displaying strength by holding above $81,000 and until the $80,000 support range is secure, the possibility of a continued upswing remains high. 

The post Solana Rejected at Major Resistance—Here’s Why Traders Still Expect $100 This Week appeared first on Coinpedia Fintech News

The Solana price has remained elevated over the past few days as improving sentiment across the crypto markets fueled a strong recovery rally. Hopes surrounding easing geopolitical tensions and renewed bullish momentum helped SOL surge more than 15% from its consolidation range near $83. However, the token faced strong resistance just below the psychological $100 level, slowing the ongoing uptrend. 

Despite the rejection, the broader market structure remains bullish as on-chain activity, memecoin trading, and ecosystem participation on Solana continue to rise sharply. Meanwhile, SOL has gained another 1.5% in the past 24 hours to trade around $94.50, while technical indicators continue to signal the possibility of a fresh push toward the $100 milestone.

The SOL price is testing a crucial resistance zone between $95 and $100 after rebounding strongly from the April lows near $78, forming a bullish rounded-bottom pattern on the daily chart. The repeated recovery from lower levels suggests growing buyer strength, while the recent breakout above short-term resistance keeps the bullish momentum intact. The MACD has flipped bullish with rising histogram bars, indicating strengthening upward momentum, while the RSI remains above 65, signaling sustained buying pressure despite nearing overbought conditions. 

A successful breakout above $100 could open the doors for a rally toward $105, whereas rejection may trigger a brief pullback toward $90 support.

Solana Open Interest Spikes as Traders Anticipate a Breakout Above $100

The derivatives data also support the growing bullish sentiment around Solana. According to the latest open interest chart, SOL futures open interest has surged sharply toward $6.5 billion alongside the recent price recovery, indicating that traders are increasingly opening fresh positions as momentum strengthens. The steady rise in open interest while the SOL price climbs toward the $95 region suggests growing market participation rather than a temporary short-covering bounce.

Historically, rising open interest combined with increasing prices reflects strong bullish conviction, as traders anticipate further upside. However, the sharp increase in leveraged positions also raises the possibility of heightened volatility in the short term. If SOL successfully breaks above the $100 resistance zone, the growing derivatives activity could further accelerate the rally toward higher resistance levels near $105 and beyond.

Will SOL Price Reach $100 This Month?

Despite repeated market-wide corrections over the past several months, the SOL price has managed to hold firmly above the crucial $75 support zone since 2024, highlighting the growing long-term strength of the asset. The latest recovery toward the $100 resistance level, combined with rising ecosystem activity and renewed speculative interest, suggests that bullish sentiment continues to dominate the market structure. 

At the same time, Solana’s open interest is steadily climbing toward yearly highs, signaling increasing trader participation and growing confidence in a larger breakout move. If the bulls manage to push SOL above the psychological $100 barrier, the token could be positioned for an extended rally toward higher resistance levels in the coming weeks.

The post Has Bitcoin Started Its Next Major Rally? Is BTC Price Preparing for a Rally Back to $100K? appeared first on Coinpedia Fintech News

Ever since rebounding from lows below $60,000, the Bitcoin price has continued to display strong resilience despite repeated selling pressure. BTC recently reclaimed the crucial $80,000 level ahead of the weekly close, helping maintain bullish momentum across the broader crypto market. While the short-term price action hints at a possible interim pullback, the long-term market structure continues to support the possibility of a larger bullish expansion in the coming weeks.

Bitcoin Price Analysis in the Short Term

The Bitcoin price in the short term continues to trade within a rising wedge pattern after rebounding strongly from the February lows. BTC recently reclaimed the $80,000 range and is now testing a major resistance zone near the 200-day SMA around $82,600. This level has acted as a key barrier over the past few months, making the current price action extremely important for the next directional move.

At the same time, the RSI remains elevated above the average range, suggesting growing bullish momentum without entering extreme overbought conditions yet. However, the rising wedge pattern also hints at the possibility of a short-term pullback if Bitcoin fails to break above the immediate resistance zone. In such a case, BTC could revisit the support range near $75,800 before attempting another breakout.

On the bullish side, a decisive breakout above the 200-day SMA and the $82,700 resistance zone could strengthen the ongoing recovery rally and open the doors for a move toward $86,000 and eventually the psychological $90,000 milestone.

Long-Term Bitcoin Structure Continues to Support a Bullish Outlook

As seen in the monthly chart above, Bitcoin continues to trade within a long-term ascending parallel channel that has historically guided the broader market cycle. Despite the sharp correction earlier this year, BTC successfully defended the lower trendline support near the $56,000–$65,000 region and has now rebounded strongly back above $80,000. The chart suggests that the recent pullback may have been part of a broader bullish continuation structure rather than the beginning of a long-term reversal. 

Bitcoin is currently attempting to reclaim the mid-range resistance within the channel, while the upper trendline continues to project potential upside targets toward the $100,000 and $149,000 zones over the longer term. The DMI indicator also hints at improving bullish momentum, as the buying pressure gradually strengthens after a prolonged cooling phase.  

However, BTC still needs to maintain support above the $75,000–$76,000 range to preserve the current bullish structure. A sustained breakout above the $88,000 resistance zone could strengthen the long-term rally and potentially revive the path toward six-figure price targets in the coming months.

Is Bitcoin Preparing for Its Next Major Rally?

Bitcoin continues to display a strong long-term bullish structure despite short-term consolidation below key resistance levels. While an interim pullback toward the $75,000 range remains possible, the broader market setup suggests BTC may be preparing for a larger breakout phase. If BTC price successfully reclaims the $82,000–$88,000 resistance zone, bullish momentum could accelerate further, potentially reviving the path toward the psychological $100,000 milestone in the coming months.