Bitcoin is fluctuating near key support levels, leading to increased volatility in altcoins. Foreign media reports that HYPE, ONDO, ZEC, and TAO are all currently near important price levels, and their price action in early June may determine whether they can continue to outperform the market.
HYPE and ONDO should pay attention to the upper resistance level.
The article states that Hyperliquid's HYPE remains above $71.5, and its overall strong structure has not yet been broken. The current price is consolidating below the $74-$75 resistance zone, indicating that buying pressure has not completely subsided.
According to the article, if HYPE breaks through $74.1, the market may test higher levels again; if it falls below $71.5, the trend may turn into a longer period of sideways consolidation.
Regarding ONDO, the article mentions that its price remains above the moving average band, and there are potential signs of a golden cross between the moving averages, indicating improved short-term momentum. $0.45 is considered a major resistance level; a break above this level could see the price rise further to $0.52.
However, the article also points out that the support level around $0.35 remains important. Only if fund flows continue to improve will ONDO's rebound structure be more likely to continue.
ZEC and TAO are in the direction selection zone.
Regarding ZEC, the article states that it remains above $510, and despite some profit-taking and a generally weak market, this level has temporarily maintained its upward structure.
The article argues that if ZEC breaks through $605, buying pressure may strengthen again, with the next target potentially being the resistance zone around $700. The article also mentions that the RSI is showing bullish divergence and the MACD is showing signs of strengthening, making the $510 support level even more crucial.
The TAO is currently trading at the end of a symmetrical triangle pattern that has persisted for several months. The article states that the $245 to $250 area is the most important support zone at present, and this range may determine its next direction.
If the price breaks above the downtrend line and holds above $270, TAO could retest $300, or even further towards $370. Conversely, a weakening RSI and a negative CMF indicate that market sentiment remains cautious.
The sentiment towards altcoins in June may be driven by this.
The article argues that these four tokens have attracted attention because they are all at relatively clear technical turning points. HYPE remains the strongest performer, ONDO shows signs of trend recovery, while ZEC and TAO are closer to a directional choice.
Foreign media outlets have concluded that if some of these tokens break out upwards, it could lead to a short-term recovery in altcoin market sentiment; however, if key support levels are breached, the downward pressure could continue to increase.
