Bitcoin prices are recovering from the $112,000 support zone. BTC is rising and may try to clear the $115,500 resistance zone to gain bullish momentum.

• Bitcoin has begun a decent upward move from the $112,000 zone.
• The price is trading above $114,000, and is a simple moving average of 100 hours.
• The hourly chart of the BTC/USD pair (data feed from Kraken) has $114,600 in support, creating a bullish trendline.
• The pair could begin another increase once they clear the $115,500 resistance zone.

Bitcoin price eye rise break

Bitcoin prices have begun downward movement from the $118,000 zone. BTC went below support levels of $115,000 and $113,500 to enter the short-term bearish zone.

We tested the $112,000 zone priced. The base has been formed and prices are now about to recover. There was a move above the $113,500 and $114,200 levels. Prices surpassed the 23.6% FIB retracement level of the downward movement from a high of $118,918 to a low of $112,000.

Bitcoin is currently trading over $114,200 and trades a simple moving average every 100 hours. Additionally, the hourly chart of the BTC/USD pair has $114,600 in support, creating a bullish trendline.

Immediate resistance is close to the $115,500 level. This is close to the 50% FIB retracement level of downward movement, from a Swing High of $118,918 to a low of $112,000. The first important resistance is close to the $116,250 level. The next resistance could be $116,800. Over $116,800 resistance could lead to even higher prices. If stated, the price may test a resistance level of $118,500. Any further profit could potentially send the price towards the $120,500 level. The main goal is $121,200.

Another reduction in BTC?

If Bitcoin does not rise above the $115,500 resistance zone, it could begin another decline. Immediate support is close to the $114,600 level. The first major support is close to the $113,500 level.

The following support is located near the $112,000 zone: Any further losses could send the price to $110,500 in the short term. The main support is $108,500 and BTC could continue to decline.

Technical indicators:

HOURLY MACD – MACD is currently increasing its pace in the bullish zone.

Hourly RSI (Relative Strength Index) – BTC/USD’s RSI is above 50 levels.

Key support levels – $114,600, followed by $113,500.

Major resistance levels – $115,500 and $116,800.

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The Bitcoin price has witnessed its fair share of corrections in recent days after reaching a new all-time high last week. The premier cryptocurrency’s latest performance reflects what seems to be an exhaustion of bullish strength, as the general market fell under some downward pressure in May’s final week.

With the ongoing battle between the bulls and bears, there is no clear-cut way to tell what’s next for the Bitcoin price. However, a recent on-chain observation shows increased bullish activity on a popular centralized exchange, which could offer insight into the short-term movement of the market leader.

‘Decreased Bitfinex Longs May Be Good For BTC’s Momentum’ — Alphractal

In a May 30 post on social media platform X, crypto analytics firm Alphractal delved into the relationship between leveraged long positions on crypto exchange Bitfinex and the Bitcoin price direction. This analysis is based on the Bitfinex Long Vs. Short Position metric, which estimates the ratio of buys against the sells of a cryptocurrency (BTC, in this case). 

According to Alphractal, the relationship between BTC’s price trajectory and the leveraged long positions on Bitfinex is inversely proportional. This means that if there are more long positions on the crypto trading platform, the likelihood of a price drop increases. Meanwhile, a decrease in long positions on the exchange could be bullish for the Bitcoin price.

The analytics firm attributed this pattern to the propensity of traders to be wrong about the market’s actual trajectory. According to Alpractal, these wrong price predictions eventually lead to liquidations and forced position closures, which drive the BTC’s price in the opposite direction. 

The chart above shows a decline in long positions and a low volume of short positions | Source: @Alphractal on X

In the recent post on X, Alphractal pointed out that the Bitfinex Long Position is declining, and if this trend is sustained, the premier cryptocurrency could resume its upward run. On the flip side, if the metric were to ascend above its current level, the Bitcoin price could be preparing for a severe pullback. 

Bitcoin Price At A Glance 

As of press time, Bitcoin trades just above $104,100, reflecting a more than 2% decline in the past 24 hours. The flagship cryptocurrency’s performance is even more disappointing on the weekly timeframe, having lost over 4% of its value in the past seven days.

The price of BTC drops beneath the $104,000 level on the daily timeframe | Source: BTCUSDT chart on TradingView

Featured image from iStock, chart from TradingView

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While Bitcoin and other major cryptocurrencies have surged to new all-time highs, Tron (TRX) has remained in a tight consolidation range. Despite the broader market’s bullish momentum, TRX is still trading nearly 66% below its early December peak. However, this lagging price action has not gone unnoticed—investors and analysts are increasingly watching Tron as a potential breakout candidate.

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As one of the top-performing Layer-1 blockchains over the past year, Tron’s fundamentals remain strong. The network continues to lead in stablecoin settlement volume and user activity, positioning it well for renewed upside if altcoins follow Bitcoin’s lead. Recent on-chain data from CryptoQuant adds to the optimism: the Buy/Sell Pressure Delta, which measures net buying or selling activity over the past 90 days, shows that TRX has re-entered a buying pressure zone.

Historically, this signal has preceded bullish price movements, especially when combined with strong fundamentals and improving market sentiment. If buying pressure persists and price breaks above current resistance levels, Tron could stage a significant rally to catch up with the broader market. For now, all eyes are on whether this fresh demand can spark TRX’s next leg higher.

Tron Holds Strong As Bullish Momentum Rebuilds

Tron (TRX), one of the most resilient altcoins in recent years, continues to show strength despite a challenging environment for most non-Bitcoin assets. Since late 2022, TRX has followed a steady uptrend, defying broader market corrections and maintaining strong on-chain fundamentals. Now, the asset consolidates near critical technical levels, preparing for what could be its next leg upward.

Although Bitcoin has clearly led the current cycle—hitting new all-time highs and attracting the majority of capital—many altcoins like Tron are still lagging. This divergence has led several analysts to question whether an altseason is still on the table. Most believe this is a Bitcoin-dominant cycle, especially given the inflow to BTC ETFs and macroeconomic uncertainty. However, hope remains for a rotation into altcoins.

Supporting that optimism, CryptoQuant insights reveal that TRX has returned to a buying pressure zone. The Buy/Sell Pressure Delta shows a clear transition out of the selling pressure area. Demand is once again exceeding supply, favoring bulls.

Importantly, TRX has not yet reached the historical thresholds that typically precede price tops. This suggests that there is still room for growth before caution sets in. If the broader market supports a rotation, Tron could emerge as a standout Layer-1 performer once again, especially as traders search for strong setups beyond Bitcoin.

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Technical Analysis: Bulls Defend Higher Lows Above Support

The daily chart for Tron shows that the asset is consolidating after a strong push toward the $0.28 resistance zone. Price action has maintained a clear bullish structure since early April, with higher lows forming consistently along the 34-day EMA ($0.26), which now acts as dynamic support. The 50, 100, and 200 SMAs are all trending upward and tightly aligned beneath the current price, signaling long-term bullish alignment.

TRX remains in a short-term consolidation range between approximately $0.26 and $0.28. The price recently tested this upper boundary twice but failed to break through with strong momentum. However, support at $0.26 has held firmly, suggesting buyers are still in control.

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To confirm a breakout, bulls must decisively push the price above $0.28 with higher volume, which could open the door to a move toward $0.30 and potentially retest December’s highs near $0.36. On the downside, losing $0.26 would weaken this setup and likely trigger a drop toward the $0.2430 region, where the 100 SMA currently sits.

Featured image from Dall-E, chart from TradingView

HYPE is showing renewed strength as it pushes into higher levels, riding the wave of a broader market breakout. With Bitcoin surging above $104,000 and Ethereum reclaiming the $2,500 mark, the crypto landscape is rapidly shifting back into a bullish phase. Altcoins are waking up across the board, and HYPE is quickly emerging as one of the standouts.

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After a brief pullback, HYPE has bounced strongly off the $17.5 level—an important throwback zone that is now acting as support. The asset is regaining momentum and approaching local highs, signaling strong buyer interest and potential for further continuation. Crypto analyst Cheds shared a technical breakdown confirming this setup, noting that HYPE is displaying clean strength off its recent retrace and could be gearing up for a significant breakout if market conditions hold.

As sentiment turns bullish and liquidity rotates into high-potential altcoins, HYPE is well-positioned to benefit from the renewed energy in the market. With price structure improving and key levels being reclaimed, the coming days may be critical in defining whether this move evolves into a sustained uptrend. Traders are now watching closely for follow-through as HYPE approaches its next resistance zone.

HYPE Bulls Target January Highs

HYPE is facing a decisive moment as price action pushes into a key supply zone near the January highs around $28. After bouncing strongly from the $17.5 throwback level, the asset has regained bullish momentum and now approaches one of the most important technical levels on its chart. This zone served as a rejection point earlier in the year, and bulls must now prove they have the strength to flip it into support.

Cheds shared insights confirming the shift in momentum, noting that HYPE is showing clear strength off the $17.5 level—an area that has now acted as a successful retest following the asset’s initial breakout. The strong rebound suggests that market participants are accumulating, and momentum is beginning to build as the broader crypto market turns bullish.

Across the board, sentiment is improving. HYPE is now participating in that resurgence, but faces its biggest test yet. If bulls can reclaim the $28 level with conviction, the path toward new all-time highs opens up. However, if this level holds prices again, another period of consolidation may follow.

The weekend rally has pushed markets into critical zones, and HYPE’s ability to sustain upward pressure through this resistance will be closely watched. A breakout above $28 would not only mark a technical victory but also likely accelerate interest and volume across the board. For now, bulls remain in control, but the next move will determine whether HYPE enters true price discovery or pauses just below the highs once more.

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HYPE Approaches Resistance With Momentum As Bulls Eye Breakout

The 4-hour chart for HYPE shows strong bullish momentum, with price currently trading at $25.29 after tapping a local high near $25.57. The rally has been steady and clean, bouncing consistently off the 200 EMA and SMA, now well below the current price, confirming a clear uptrend structure.

HYPE is now pressing into a key resistance zone between $26 and $28, a level that previously acted as supply back in January. This area represents a major test for bulls, as it aligns with the upper boundary of a multi-month range. Volume is healthy, and the trend remains intact with higher highs and higher lows across multiple timeframes.

If HYPE can break and hold above $28, it opens the door for a challenge of the all-time highs. For now, the price may consolidate slightly below resistance as sellers defend this zone, but the overall structure favors a breakout continuation.

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A throwback to the $23–$24 region could act as a healthy retest, but holding above $22 is key to preserving bullish momentum. As long as the trend and volume remain intact, HYPE appears poised for further upside in the coming days.

Featured image from Dall-E, chart from TradingView

Ethereum (ETH) has faced massive selling pressure and volatility over the past month as the crypto market trends downward, pushing ETH toward crucial demand levels. With uncertainty gripping the market, analysts expect even more volatility in the coming days as traders react to major developments in the crypto space.

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According to White House Crypto and AI czar David Sacks, President Donald Trump signed an executive order on Thursday to establish a Strategic Bitcoin Reserve. This unexpected move has sparked renewed speculation about how government involvement in crypto could impact broader market trends.

Despite the chaos, Ethereum has managed to hold the key $2,000-$2,100 support zone, a crucial level that traders are watching closely. Top analyst Daan shared insights on X, highlighting that ETH has so far defended this major demand level despite the extreme volatility.

The next few trading sessions will be pivotal, with Ethereum hovering near a critical price range. If ETH can hold support and regain momentum, a reversal could be on the horizon. However, failure to maintain these levels could trigger another wave of selling, deepening the current market correction.

Ethereum Faces A Crucial Test

The market enters a critical moment. Ethereum’s price has lost over 50% of its value since late December, sparking massive fear and panic selling. The steep decline has left many investors questioning whether the long-awaited alt season will even happen this year, as Ethereum and most altcoins struggle to reclaim bullish momentum.

With ETH failing to establish a strong uptrend, analysts remain divided on whether a recovery is possible in the near term. Some believe that the current price action signals deeper weakness, suggesting that Ethereum could face further downside before seeing any meaningful reversal. Others, however, see potential for a rebound, especially as ETH continues to hold key demand zones.

Daan’s technical analysis on X points out that Ethereum has managed to hold critical demand as a good sign amid recent market dynamics. This support, around $2,000, has been tested multiple times and remains a crucial area for bulls to defend.

Daan also noted that Ethereum has formed a higher low on lower timeframes, indicating a possible reversal if momentum builds. He emphasized that for ETH to regain bullish structure, it needs to break above $2,300 and fill the inefficiency left from Monday’s full retrace. A decisive move above this level would confirm strength and could trigger a push toward higher price targets.

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While Ethereum’s outlook remains uncertain, its ability to hold key levels suggests that a recovery is still possible. The next few trading sessions will be critical in determining whether ETH can reclaim bullish momentum or continue to struggle amid broader market weakness.

ETH Price Action: Technical Levels

Ethereum has entered an intense phase where uncertainty dominates price action and speculation drives market sentiment. With traders searching for direction, ETH is currently trading at $2,200, having established key support above $2,000. However, this level remains fragile, and bulls must continue to defend it to prevent further downside.

For Ethereum to confirm a recovery rally, it needs to push above $2,500, reclaiming lost ground and shifting momentum back in favor of buyers. A move above this level would signal renewed strength, potentially setting ETH up for a strong rebound. However, until bulls break past resistance levels, ETH remains in a high-risk zone where volatility can drive price swings in either direction.

The $2,000 support zone remains the key factor in determining Ethereum’s fate for the coming year. If ETH holds this level, it could serve as a foundation for long-term growth. However, if it breaks down, selling pressure could intensify, leading to a prolonged bearish trend.

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With Ethereum trading at a pivotal moment, the next few weeks will be crucial in shaping its market trajectory. Whether ETH sees a breakout or another decline depends on how well bulls can defend key support zones.

Featured image from Dall-E, chart from TradingView