Emerging Power of Altcoins! HYPE Breaks Trendline, RIVER Overbought, CHZ Tests Resistance

HYPE, River, CHZ lead the altcoins. HYPE rises 14% breaking the trend line, RSI at 54 with room to 26.29. River hits a new high of $88, up 600% month-over-month, with Sun Yuchen investing 12 million, RSI at 75 overbought. CHZ up 4% testing resistance at 0.064.

HYPE Breaks Through Trend Line, RSI 54 with Sufficient Space

(Source: Trading View)

As of Tuesday’s report, Hyperliquid increased 2%, continuing the 12% gain from the previous day. The rebound price of HYPE tokens approaches the 50-day exponential moving average (EMA) at $26.29 but remains below the 100-day and 200-day EMAs, indicating a bearish trend. The recovery of this exchange token breaks the descending trend line connecting the highs of December 4 and January 18, alleviating negative factors. This breakout in technical analysis is highly significant, as it marks the destruction of the selling pressure structure and opens space for further upward movement.

Technical indicators on the daily chart reflect renewed bullish sentiment. The Relative Strength Index (RSI) is at 54, breaking above the midline, with room to rise before entering overbought territory. The Moving Average Convergence Divergence (MACD) experienced a bullish crossover on Monday, signaling a buy. A MACD bullish crossover occurs when the fast line crosses above the slow line, typically indicating the start of upward momentum. Coupled with RSI breaking above 50, the dual bullish signals strengthen the credibility of the breakout.

If HYPE breaks above the $26.29 50-day moving average, then the $30.20 100-day EMA and the $32.85 200-day EMA will act as resistance levels. These EMAs are densely packed, forming a resistance zone, and HYPE needs to break through them one by one to confirm a medium- to long-term trend reversal. On the other hand, the area near the trend line breakout point (around $23.58) remains a key support level, which was active in late December and early January.

HYPE Key Price Levels

Current Price: approximately $26

24-hour Change: +14%

Key Support: $23.58 (trend line breakout level)

Primary Resistance: $26.29 (50-day EMA)

Higher Resistance: $30.20 (100-day EMA), $32.85 (200-day EMA)

River Gains Sun Yuchen Backing, Up 600% Month-to-Date, RSI 75 Overbought

(Source: Trading View)

As of Tuesday’s report, River’s price retreated 2%, after a 21% surge on Monday. Over the past three days, boosted by positive news of Sun Yuchen, TronDAO, Arthur Hayes, and The Spartan Group investing 12 million USD, River’s price once soared over 100%. Such rapid increases driven by KOL endorsements and institutional investments are common in the altcoin market. When well-known figures publicly support a project, it often triggers a herd effect, pushing prices higher in the short term.

The immediate resistance for RIVER is at the pivot point R1 at $93, followed by the R2 pivot at $115. Pivot points are calculated based on the previous day’s high, low, and close, and are commonly used for intraday support and resistance levels. R1 and R2 represent the first and second resistance levels; breaking through these usually requires significant buying pressure.

On the daily chart, the RSI is at 75, indicating an overbought condition, suggesting buying pressure is nearing exhaustion. RSI above 70 is considered overbought, implying the price has risen too quickly in the short term and may face profit-taking pressure. Meanwhile, the MACD and its signal line continue their upward trend, with the histogram breaking above zero, indicating strong bullish momentum. The downside is that RIVER’s potential reversal could test the center pivot at $57, implying about a 30% decline from current levels.

Since January, River has gained over 600%, a remarkable but not uncommon feat in the altcoin market. During bull markets or narrative-driven rallies, small-cap altcoins can multiply in value within weeks or even days. However, such rapid surges are often accompanied by high volatility and risk of correction. When RSI hits 75, it generally signals a short-term pullback, and investors should be cautious about chasing the high.

Chiliz Rebounds from 0.050, Targeting 0.064 USD

(Source: Trading View)

Chiliz’s price rebounded after touching the psychological level of $0.050 earlier this week, indicating a new recovery wave. As of the report, CHZ rose over 4% on Tuesday, continuing Monday’s 10% increase. The rebound may test the high of $0.064 from January 17. If it closes decisively above this high, it will open the door to the December 20 low at $0.073.

The RSI has risen to 62 and remains above the midline, showing demand is picking up but without overbought signals. Additionally, the MACD histogram has contracted and is approaching the signal line, indicating selling pressure is easing. The red MACD bars, representing downward momentum, are shrinking and nearing zero, suggesting bearish strength is weakening and a bullish green histogram may soon appear.

Below, the $0.050 psychological level remains a critical support for Chiliz. Psychological levels are often round numbers with large order clusters, forming natural support or resistance. As a “five-cent” figure, $0.050 has historically served as an important support level for CHZ.

Chiliz is the native token of Socios.com, a platform for sports and entertainment tokenization. The platform allows sports clubs to issue fan tokens, enabling fans to participate in club decisions and access exclusive benefits. CHZ’s price movements are often linked to major sports events and club partnership announcements. The current rebound may be related to upcoming sports seasons or new collaborations.