Foreign media analysis suggests that the cryptocurrency market showed significant divergence on May 26. Bitcoin consolidated below a key resistance level, XRP and SHIB showed weakness, while Hyperliquid's native token HYPE continued its strong performance, although short-term volatility risks are also increasing.
Bitcoin is expected to trade in the $80,000 to $81,000 range.
The article argues that Bitcoin's rebound has brought it close to a key resistance zone for the year, with the current price below the 200-day moving average. After the previous upward trendline was breached, the price returned to the $76,000 to $77,000 range, where buying is attempting to stabilize the price.
The article mentions that recent trading volume has declined, and momentum indicators have cooled from previous highs, indicating that the market is awaiting new macroeconomic catalysts. If Bitcoin regains the $80,000 to $81,000 range, it may retest the breakout level; if the $70,000 area in the middle is breached, the price may return to a lower liquidity range.
XRP approaches $1.30 support.
The article points out that XRP has repeatedly encountered resistance near the 50-day moving average, with rebounds showing a continuous decline in strength, and the price is approaching the $1.30 level. The author believes that this area is a crucial support level that has been repeatedly tested in recent months.
If the $1.30 level is decisively broken, the current consolidation range that has lasted for months could turn into a downward breakout. If buying holds that level again and the $1.45 to $1.50 resistance zone is recovered, XRP may continue its range-bound trading rather than enter a new round of decline.
SHIB remains weak, while HYPE's strength remains unchanged.
Regarding altcoins, the article states that SHIB's overall structure remains fragile after breaking below its short-term upward channel. The market is currently focused on support around $0.00000550; if selling pressure continues, the price may further retreat to the previous accumulation zone around $0.00000500.
In contrast, HYPE remains one of the strongest performing crypto assets recently. The article states that after quickly breaking through $60 and reaching a new high, the overall trend remains bullish, but the chart pattern shows signs of overheating after the continuous sharp rise. If the strength continues, the next target could be around $70; if momentum slows, the price could retrace to the previous breakout area above $55 to $57, or even test lower short-term moving average support.
