Bullish sentiment is building across cryptocurrency markets as Bitcoin nears a possible breakout, driven by a technical pattern known as the “cup-and-handle.” After surpassing the key upper edge of this formation, experts anticipate Bitcoin reaching new heights, possibly soaring as high as $143,000.
At the same time, Bitcoin is approaching a major inflection point—a break of its eight-year resistance trendline. Analysts have noted this development as crucial, suggesting it may serve as a catalyst for a broader bull run across crypto assets. Against this backdrop of optimism, traders are directing attention toward several altcoins poised for potential rallies.
One altcoin seeing remarkable momentum is Hyperliquid (HYPE). Since its recent lows in April, HYPE has recorded an extraordinary 342% price surge, now hovering near its all-time highs. Hyperliquid’s increasingly dominant position within the perpetual futures market has propelled this growth. Recent data reveals that the decentralized protocol processed more than $245 billion in trades over the past month alone. This rapid expansion has translated into impressive profitability, with Hyperliquid generating over $65 million in revenue in May—up significantly from the previous month’s $43 million.
Technical indicators further signal strength for the HYPE token, as it recently moved past resistance at $39.96, negating a previous double-top formation that had implied potential downside. Analysts point to continued growth in trading volume, revenue, and staking yields as supportive factors for sustained upward momentum.
Another crypto asset gaining attention is Uniswap (UNI). Its prominence and share in the decentralized finance (DeFi) sector continue to expand. Over the past 30 days, Uniswap facilitated more than $92.8 billion in trading volume and earned approximately $95 million in fees for the month of May, compared to just $60 million in April. Uniswap’s very own blockchain platform, Unichain, has rapidly become one of the fastest-growing chains in crypto, seeing over $9.5 billion in decentralized exchange (DEX) volumes during this same period. Unichain’s decentralized finance value locked (TVL) currently approaches $1 billion, with a stablecoin market cap crossing $320 million.
Technical analysis of Uniswap’s UNI token shows its price recently broke above critical resistance at $7.5410, corresponding to both prior highs and a key Fibonacci retracement level. If this bullish breakout holds, experts anticipate further upside to around the 50% Fibonacci retracement zone near $11.97.
Ethereum (ETH), a blue-chip crypto asset, is also aligning for further appreciation. Significant inflows into Ethereum spot ETFs are supporting the token’s bullish narrative. Technically, Ethereum formed a clear bullish flag pattern, characterized by a sharp vertical rise followed by consolidation within a rectangular channel. Breaking decisively above the flag’s upper resistance at $2,743 sets the stage for a measured move toward a price target of roughly $4,100.
Ethereum’s chart also presents the notable occurrence of a “golden cross,” a bullish momentum indicator triggered when the shorter-term 50-day moving average crosses above the long-term 200-day moving average—further corroborating Ethereum’s bullish case.
With Bitcoin’s anticipated breakout approaching, traders and investors alike are closely watching these distinctive altcoin trends, each supported by underlying technical strength and compelling fundamentals.
