NEAR and HYPE dominate the market this week
Near Protocol is showing a massive surge of +21% over the last 24 hours to reach $2.22. This bullish breakout highlights strong buyer enthusiasm supported by rapidly expanding volumes. The RSI is approaching the overbought zone, confirming the strength of the momentum without signaling an imminent reversal just yet. Breaking the $1.72 resistance triggered a massive short squeeze that liquidated millions of dollars in short positions. This type of self sustaining movement creates a dynamic that is difficult to stop in the short term.
Hyperliquid (HYPE) continues to surprise with a sustained rally at $61.39, up by +2.2%. The token is flirting with its recent ATH of $64.27 and is entering a price discovery phase. Buying pressure remains strong, with the MACD displaying growing green histograms on the daily chart. The next psychological target is set at $65, a level that would establish a new all time high. Holding above $55 is crucial to validate the continuation of this bull run.
These two performances illustrate the growing selectivity of the market, which values assets with real utility or strong narrative momentum. NEAR is benefiting from the AI crypto narrative while HYPE is capitalizing on its volume growth and deflationary mechanisms. The crypto trend toward altcoins with a strong value proposition is accelerating. The fear and greed index climbing back toward neutrality creates a favorable environment for these high momentum assets. The capital rotation from Bitcoin to altcoins is well underway.
BCH and CHZ in correction: Will the supports hold?
Bitcoin Cash (BCH) is going through a short term bearish phase with a -3% drop over 24 hours, bringing its price down to around $344. The MACD is signaling an exhaustion of buying momentum, with sellers gradually regaining control. The critical support at $320 acts as the first safety floor that must absolutely be defended. In the event of a bounce on this level with volume, a retest of the $360 resistance remains possible. Below $320, the path toward $300 would open up without any major intermediate resistance.
Chiliz (CHZ) is recording a -2% decline to settle at $0.036, unable to capitalize on the overall market bounce. Selling pressure is intensifying and the price is dangerously approaching its major support at $0.030. The RSI in bearish territory confirms seller dominance over net flows. A return above $0.040 is essential to invalidate the current downtrend. Without reclaiming this threshold, the local bear market on CHZ will continue.
The divergence between this week’s winners and losers illustrates the ongoing sector rotation. Crypto trading on these correcting assets requires strict risk management. The Bollinger Bands on BCH are widening downward, confirming the current bearish expansion. Fibonacci levels place the next support for BCH at $300 and for CHZ at $0.028. These zones act as the last lines of defense before a deeper correction.
Technical analysis: Where are the key levels?
On Near Protocol, the first key support/resistance is located at $1.90 following the bullish breakout. This level, a former major resistance, has turned into a fundamental technical support according to the principle of polarity reversal. Consolidating toward this zone would help flush out excess leverage before a new impulse. The next resistance stands at $2.50, a psychological level that will dictate the rest of the movement. On Hyperliquid, the CVD is showing a growing positive delta, confirming buyer dominance.
The open interest on NEAR futures is rising rapidly, signaling a return of speculators to long positions. This increase in open interest alongside the price is characteristic of solid directional breakouts. On HYPE, Elliott Waves suggest that the market is in an active impulse wave with significant extension potential. Traders engaged in scalping are exploiting the intraday volatility of these two assets as tactical opportunities. Monitoring volumes on each candlestick remains the most reliable indicator to validate the sustainability of the move.
The Bollinger Bands on NEAR are expanding upward, a signal of bullish expansion that is not yet exhausted. The Ichimoku cloud on the daily chart confirms that the price is now trending above the resistance cloud, structurally validating the reversal. For HYPE, the $55 to $58 zone acts as the medium term support to defend in order to maintain the bullish thesis. A retracement toward this zone followed by a bounce would represent the optimal entry point for swing trading profiles. The overall technical setup for both assets remains constructive as long as these supports hold.
Should you buy NEAR and HYPE or wait for consolidation?
The current market dichotomy offers two distinct strategies depending on risk profiles. For NEAR and HYPE, momentum buyers are enjoying an exceptional rally but the risk of massive profit taking is real. Savvy traders will monitor volumes to confirm whether this rally still has fuel left. A pullback toward $1.90 on NEAR and $55 on HYPE would provide the best accumulation zones for latecomers. HODLing is justified for current holders with a time horizon greater than 3 months.
For BCH and CHZ, the dips represent potential entry points on key supports for contrarian investors. Buying right in the middle of a correction carries risks, especially if the overall sentiment were to reverse. The fundamental analysis of BCH remains limited by the lack of a strong narrative in the current cycle. CHZ is suffering from a lack of positive short term catalysts despite its sports and entertainment theme. Risk management and strict stop losses are non negotiable on these two assets during their correction phase.
For investors looking to invest in crypto in this rotation context, targeting strong narrative altcoins like NEAR remains the most consistent strategy with the identified institutional flows. The 2025 to 2026 crypto bull run structurally favors assets with real utility and growing adoption. The price prediction for NEAR and HYPE remains among the most optimistic in the sector for analysts who factor in their fundamental catalysts. The next 48 hours will be decisive in validating or invalidating the continuation of these rallies. Patience remains the best weapon in such a selective market.
Sources:
- TradingView
- eazyscalp on X
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