Review of 3 altcoins that are prone to record new historical highs

On the eve of the weekend, the digital currency market is witnessing sensitive technical movements in the chart of some assets. Token Leo, HyperLiquid and Tron have stabilized at key price levels and buyers are preparing for big moves. In the meantime, the two digital currencies Leo and Hyperliquid only need growth between 15 and 21 percent [...]

These three assets are at a critical juncture if you are looking to catch short-term profitable opportunities or check the technical condition of the top currencies in the market. In this article, based on BeInCrypto's report, we will carefully examine the resistance levels, supports, and bullish and bearish scenarios of each of these three altcoins, so that you can get a complete view for managing the risk of your weekend trading.

The overall statistics of the three bullish altcoins before entering into the technical details, the price situation and the distance of these assets to the record levels are as follows: Leo token (LEO): current price $9.04 | Historical high of $10.43 The distance to the historical peak is -13.3% The required growth is 15.4%+ Pattern: Relative Strength Index (RSI) trendline break in Hyperliquid 50-Day Moving Average (HYPE): Current price $81.15 | Historical high of $97.99 The distance to the historical peak is -17.2% The required growth of 20.8%+ Pattern: Pullback inside bullish channel with volume compression Tron (TRX): current price $0.3354 | Historical high $0.4313 The distance to the historical peak is -22.2% The required growth of 28.6%+ (the distance to the ceiling of this year is only 11.2%) | Pattern: Placement at the apex of the symmetrical triangle of the Leo token; Breaking the RSI trend line is a historical record breaking signal?

Leo Token (LEO) is currently trading in the $9.04 range, about 13.3% below the all-time high of $10.43 recorded in the spring. To reach this historical record again, the price needs a jump of about 15.4%.

On the daily timeframe, Leo is trying to bounce back from the 0.382 Fibonacci retracement level at $8.91; A level that has held through several retests since mid-September, preventing further declines. At the same time, the 50-day moving average (blue line on the chart) acts as a nearby resistance around $9.05; The average that has taken a downward slope since the end of August.

Beyond this resistance, the 0.236 Fibonacci level at $9.49 is the next hurdle for buyers. This level is exactly within the range that changed from support to resistance in June.

However, the momentum of the price movement is improving. The Relative Strength Index (RSI) broke out of its downtrend line on October 14; The trend line that stopped the rise of this indicator since the peak of late April. Now the RSI value is at 53 and above the neutral limit of 50. This event signals the beginning of an upward trend if the buying pressure continues.

A daily candle close above the 50-day moving average would push the price of Leo up to $9.49, and a break through this resistance would put the $10.43 record well within reach. Conversely, a loss of the $8.91 support level would invalidate the bullish structure and push the price towards the 0.5 Fibonacci level at $8.44 and, in a worst-case scenario, up to $7.97.

hyperliquid; Holding support at $75, HyperLiquid ( HYPE ) has gained 2% over the past 24 hours to $81.15 and is almost 17.2% below the record high of $97.99 hit on September 23.

The recent pullback caused Hyperliquid to miss the 0.786 Fibonacci level at $85.19; The level that has now become an important resistance and overlaps with the middle line of the ascending parallel channel (drawn from the price floor of May 14).

On October 15, HyperLiquid reacted to the support of the 0.618 Fibonacci level at $75.14 and bounced. The price has now stabilized and is looking for the next direction. The RSI index is at 41 and does not show a clear direction, but the volume of transactions has decreased continuously since June, which indicates the phase of price compression and stabilization.

The reduction and compression of trading volume is usually the prelude to a large and sudden movement in one of two directions. Despite the price drop, the fundamentals of the Hyperliquid network remain intact and powerful. Retrieving the level of $85.19 and the middle line of the channel will open the way up to the range of $92-95, and crossing these ceilings will mark an attack on the historical high of $97.99. But a drop below $75.14 would lead HyperLiquid to the 0.5 Fibonacci level at $68.08 at the bottom of the ascending channel.

Tron at the apex of a symmetrical triangle; Will the ceiling be broken?

Tron (TRX) has a different situation compared to the other two digital currencies. Reaching the all-time high of $0.4313 in December 2024 would require a growth of about 28.6%. However, a shorter-term target for the coming days is this year's high at $0.3775 (recorded on May 26), which Tron is only 11.2% away from.

The daily Tron chart indicates the formation of a symmetrical triangle. The bullish support line has stopped the price from falling further four times so far (green arrows on the chart), while the bearish resistance line has contained all the gains since the May ceiling.

Tron is now trading near the top of this pattern; Therefore, you should expect a decisive move at any moment. Additionally, Tron is testing the 0.382 Fibonacci level at $0.3359. The RSI indicator has taken an upward trend by crossing 50, although the trading volume is still low and does not reveal a definitive direction.

Tron's jump from the triangle support line on October 15 was accompanied by the highest trading volume in recent weeks. On the other hand, the unprecedented demand for stablecoins on the Tron network has provided a constant foundation for the growth of TRX. A close of the daily candle above the $0.338 range confirms the pattern's bullish breakout. If this scenario occurs, the resistances of $0.3518 (0.236 Fibonacci) and the annual ceiling of $0.3775 will be the first targets; The price target resulting from the symmetrical triangle pattern also shows the range of $0.41, which paves the way for ATH registration. On the other hand, a break below the triangle support at $0.327 and a loss of support at $0.3230 will push Tron down to $0.3101.

The conclusion of the weekend could be the stage for determining the medium-term fate of cryptocurrencies Leo, Hyperliquid and TRON. RSI breakout in Leo token, volume accumulation and compression in Hyperliquid, and Tron compression at the apex of the symmetrical triangle are all signs of a swing explosion. To accompany these movements, wait for the price to stabilize and close the daily candle above the key resistances, and limit the risk of your trades by setting the stop loss below the mentioned supports.