- MANA shows bullish structure but faces resistance near $0.2450 and narrowing momentum
- HYPE posts recovery, but declining volume signals weakening trader conviction ahead
- TRUMP struggles to break $8.10 as trading volume collapses by nearly 45%
The crypto market continues to deliver mixed signals, especially with assets like MANA, HYPE, and TRUMP. On the surface, all three tokens appear to be showing signs of strength, recording daily gains and technical breakouts.
However, a deeper dive reveals troubling signals that may point toward instability rather than sustained growth. These contradictory cues have left investors puzzled, questioning whether these tokens are truly rebounding or setting up for a larger correction.
MANA: Strong Rally with Unsettled Underpinnings
Decentraland’s token, MANA, surged by nearly 8% over the last 24 hours. Its upward climb included steady higher highs and higher lows, a hallmark of bullish sentiment. Furthermore, trading volume jumped almost 60%, indicating serious market participation.
Despite this, caution is still warranted. The token faces strong resistance near $0.2450, a level that has triggered repeated pullbacks. If this level holds, the rally could stall. Significantly, the asset remains within a narrow bullish channel. A breakdown below the $0.2350 support zone could quickly reverse its recent gains.
HYPE: Bullish Momentum Dimming Underneath
Hyperliquid (HYPE) followed a similar pattern, bouncing off a daily low near $13.90 and rallying back above $14.80. The day formed a V-shaped recovery, often seen as a positive signal. The price touched a high near $15.50 before settling back down.
However, volume tells another story. While the price climbed, trading volume fell by over 27%, which often points to waning interest. This volume drop weakens the credibility of the rally. Moreover, the token now hovers near the psychological barrier of $15, a level where traders often take profits. Unless buying activity revives, the current trend may not hold much longer.
TRUMP: Sideways Drift with Fading Strength
The OFFICIAL TRUMP token had a quieter day, posting just a 0.44% gain. It formed a V-shaped recovery, but unlike MANA or HYPE, it failed to extend its gains. After peaking at $8.10, it slipped into a sideways pattern between $8.00 and $8.10.
More importantly, the token saw its volume plummet by nearly 45%. Such a steep decline in activity suggests fading trader interest. This low participation could prevent the token from breaking through resistance. If it fails to move past $8.10, a reversal becomes more likely than a breakout.
