Hyperliquid

Monero

Stellar

Momentum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/monero-climbs-steadily-as-bitcoin-retreats-from-84000-high" rel="noopener noreferrer nofollow">Monero Climbs Steadily as Bitcoin Retreats from $84,000 High</a><br></p>
<p style="text-align: justify">The cryptocurrency market witnessed significant movements today, with Monero, <a href="https://en.bitcoinhaber.net/stellars-xlm-makes-headlines-with-unexpected-trading-volume-surge" rel="noopener noreferrer nofollow">Stellar</a>, <a href="https://en.bitcoinhaber.net/metaplanet-buys-bitcoin-again" rel="noopener noreferrer nofollow">Bitcoin</a>, and Hyperliquid at the forefront. While Monero continued its upward trajectory, Stellar remained under pressure. Bitcoin pulled back from the $84,000 region, and Hyperliquid faced a critical short-term threshold.</p>
<h2 id="monero-maintains-its-upward-momentum">Monero Maintains Its Upward Momentum</h2>
<p style="text-align: justify">Monero was trading around $629, demonstrating a notable ascent from its July lows near $300. Throughout the day, XMR fluctuated between $604 and $656. The move beyond the September high of $635 underscored continued bullish sentiment. Nevertheless, the subsequent pullback from the $656 mark indicated persistent selling pressure in that region.</p>
<p style="text-align: justify">Still, short and long-term moving averages remained below the price, suggesting robust technical support for the ongoing rally. Potential pullbacks could find demand between $565 and $540. The Relative Strength Index (RSI) approached 70, indicating a strong rally but hinting at a possible pause. Surpassing the $656 level could lead to a push towards $700, and eventually targeting the January peak at $800.</p>
<blockquote>
 <p>Monero’s bullish structure is expected to hold if it remains above $635; a fall below this level could signal weakening momentum.</p>
</blockquote>
<h2 id="stellar-experiences-continued-pressure">Stellar Experiences Continued Pressure</h2>
<p style="text-align: justify">Stellar struggled around $0.1777, remaining below the $0.18 threshold. Since late September’s peak near $0.237, <a href="https://en.bitcoinhaber.net/xlms-tactical-push-stellars-asset-growth-sparks-market-buzz" rel="noopener noreferrer nofollow">XLM</a> has seen a significant 25% decline. Its descent below all major moving averages highlights sustained selling pressure.</p>
<p style="text-align: justify">The $0.19 to $0.196 range has become a short-term barrier, with $0.172 acting as immediate support. Being merely 3% away from this support heightens the risk of further downside. Losing $0.172 could bring $0.17 and subsequently $0.1525 into focus. Meanwhile, the RSI around 38 reflects the dominance of sellers, compounded by weak trading volumes limiting recovery attempts.</p>
<h2 id="bitcoin-and-hyperliquid-at-crucial-crossroads">Bitcoin and Hyperliquid at Crucial Crossroads</h2>
<p style="text-align: justify">Bitcoin was available around $81,500, having surged to $84,294 before retracing to $81,483. This movement illustrated sustained selling above $84,000. Since mid-September, Bitcoin has swung within a broad range of $80,000 to $87,000, now nearing the lower boundary of this band.</p>
<p style="text-align: justify">Short-term moving averages clustered between $80,800 and $82,500 form a primary line of defense. A break below $80,000 could prompt a decline towards the $77,000 to $76,000 zone. Conversely, reclaiming $84,300 might see a test of the $87,000 level.</p>
<blockquote>
 <p>If Bitcoin stays above $80,000, the current range may persist, though falling below this level could intensify selling pressure.</p>
</blockquote>
<p style="text-align: justify">Hyperliquid’s native token, HYPE, traded around $78.17, having slid approximately 20% from its September peak of $98. It re-tested support near $77.60 amidst a pattern of lower highs, signaling short-term weakness. A drop below $77.60 could lead to $75, and subsequently $65.50. On the upside, surpassing $82.50 might bolster its short-term outlook.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span><a href="https://en.bitcoinhaber.net/monero-climbs-steadily-as-bitcoin-retreats-from-84000-high" rel="noopener noreferrer nofollow">Monero Climbs Steadily as Bitcoin Retreats from $84,000 High</a></h5>

Monero Climbs Steadily as Bitcoin Retreats from $84,000 High

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