Bitcoin Holds the Line at $109K as Altcoins HYPE, XMR, AAVE, and WLD Stage Aggressive Rally
Market Poised for Big Moves as Key Support Levels Hold Steady
Bitcoin’s weekend consolidation below $109,588 is doing little to dampen bullish sentiment among analysts and traders, especially as a handful of altcoins—HYPE, XMR, AAVE, and WLD—gain significant momentum.
“As long as Bitcoin stays above the yearly open at $93,500, bulls remain in control,” said Keith Alan, co-founder of Material Indicators, in a recent post on X (formerly Twitter). Despite a pause, the broader outlook remains optimistic.
In a report released by Bitwise, projections show institutional funds could inject $120 billion into Bitcoin in 2025 and $300 billion by 2026. These figures are being closely watched as sovereign wealth funds, ETFs, public companies, and even nation-states gradually increase their exposure to digital assets.
Crypto market data daily view. Source: Coin360
What’s Next for Bitcoin Price?
On May 23, Bitcoin briefly fell below its breakout level of $109,588, with bulls struggling to reclaim it. Should buyers manage to push BTC/USDT past this resistance and break the next ceiling at $111,980, analysts project a rapid move toward $130,000.
In the short term, the $104,199 level—marked by the 20-day exponential moving average (EMA)—is the line in the sand. A break below this could open the door to $100,000 and even the 50-day simple moving average (SMA) at $94,916.
Altcoins Ride Momentum – Eyes on HYPE, XMR, AAVE, WLD
While Bitcoin consolidates, select altcoins are seeing strong technical breakouts, making them key assets to watch.
Hyperliquid (HYPE) Targets $50 After Breakout
HYPE/USDT broke above its resistance at $35.73, flipping it into support. If the price holds, momentum could drive it up to $42.25, and possibly $50.
However, any dip below the breakout level could drag the pair to $32.15, with further downside risk to $28.50 if aggressive buyers start to exit.
Monero (XMR) Remains a Privacy-Focused Powerhouse
XMR/USDT surged past $391 on May 21, with bullish strength confirmed by an RSI parked in overbought territory. As long as $412 holds, the next leg of the rally could stretch to $456.
If the price slips below $375, expect a pullback to the 20-day EMA at $347. A close below that would signal a potential trend reversal, possibly taking XMR down to $332.
AAVE retested and held the $240 breakout level on May 23, a sign that bulls are accumulating on dips. The next resistance lies at $285, but if overcome, the rally could extend to $300, and possibly even $350.
Watch the 20-day EMA at $231—a drop below this could flip the bias bearish and pull the pair down to $217.
Worldcoin (WLD) Eyes $2.50 but Faces Short-Term Selling
WLD/USDT is struggling to break the $1.65 resistance but remains buoyant above the 20-day EMA at $1.20. A successful breakout could trigger a run to $2.50, with a minor hurdle at $1.89.
Should the price fall below the 20-day EMA, WLD risks descending to the 50-day SMA at $0.99, and potentially further to $1.09 if bears take control.
Outlook—Watch for Bitcoin’s Next Move to Confirm Altcoin Strength
If Bitcoin can break above $109,588 and hold, it may validate the ongoing strength across key altcoins. But any sustained dip could trigger a round of profit-taking, particularly among short-term traders.
This article does not constitute investment advice. Trading cryptocurrencies involves risk, and investors should conduct independent research.
Rhapsody of Realities is a life guide that brings you a fresh perspective from God’s Word every day. It features the day’s topic, a theme scripture, the day’s message, the daily confession and the Bible reading plan segment. It is God's Love Letter to You!
