Bitcoin holds key support as HYPE, XMR, AAVE, WLD lead altcoin rally

Bitcoin’s price remains below $109,588, despite a bullish long-term outlook. Analysts maintain optimism as long as it stays above the yearly open of approximately $93,500. Strong demand is anticipated due to substantial investments from institutional sources, including sovereign wealth funds, ETFs, public companies, and nations. Bitwise projects institutional Bitcoin inflows of roughly $120 billion in 2025 and $300 billion in 2026.

While the long-term forecast is positive, short-term traders should exercise caution. Failure to surpass $109,588 could trigger profit-taking, potentially impacting altcoins. A successful break above the $109,588 to $111,980 resistance zone could propel Bitcoin to $130,000. However, breaking below the crucial 20-day EMA ($104,199) could lead to a decline to $100,000 or even the 50-day SMA ($94,916). The 4-hour chart shows bearish momentum, with the price below the 50-SMA and the RSI in negative territory. Sustained trading below the 50-SMA could result in a drop to $102,500 and then $100,000.

Hyperliquid (HYPE) broke above $35.73 resistance, potentially reaching $42.25 or even $50 if it maintains this level. However, a fall below $35.73 could bring it down to $32.15. Monero (XMR) surpassed $391 resistance, suggesting further gains to $456 if it stays above $412; otherwise, it could fall to its 20-day EMA ($347). Aave (AAVE) held its breakout level of $240, with potential for a rise to $285, $300, or even $350, depending on whether it stays above the 20-day EMA ($231). Breaking below it could lead to a decline to $217. Worldcoin (WLD) faces resistance at $1.65, with potential for a rise to $2.50 if it stays above its 20-day EMA ($1.20). Failure to do so could bring it down to the 50-day SMA ($0.99). All analyses are based on current market conditions and technical indicators. Investment decisions should be made after conducting thorough research.