Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

BitcoinBTCThe price of ( ) rose by over 7% this past week. It is a sign that the market has been buying up at lower prices. BitMEX founder Arthur Hayes stated in a blog post published on X, that the US Bond Market Crisis could set the stage for more policy responseThis could lead to an “up only mode” Bitcoin.

Glassnode, a blockchain and intelligence platform on X, said that Bitcoin has built a strong foundation. solid support at $79,000John Bollinger, the creator of Bollinger Bands and a similar person, also echoed these views. Bollinger Bands’ creator John Bollinger echoed the same views. Bollinger stated that in a blog post on X. Bitcoin was forming A “classic Bollinger Band W bottom,” It was not enough to confirm the claim.

Participants in the market will closely monitor the US dollar Index (DXY), as it is currently trading below the level of 100. Any further weakness in the US dollar Bitcoin could see a bullish trend. 

It is possible that the cryptocurrency market will be boosted if Bitcoin can hold onto its higher levels. Select altcoins could recover if Bitcoin’s strength continues. What are the cryptos that could benefit from Bitcoin’s strength?   

Bitcoin Price Analysis

Bitcoin closed and broke above the resistance on April 12th, which may be the first sign that the correctional phase is ending.

If they succeed, it suggests that the bears remain active at higher levels. The bears will likely continue to be active on higher levels if they are able to achieve this. BTC/USDT could drop as low as $78,500.

Other plans are most likely in the buyers’ minds. On the way down, they will defend the 20 day EMA. The price will rebound off the 20 day EMA if it does. This signals a shift in the market’s sentiment, from buying dips and selling rallies. This increases the chances of a rise to $89,000, and then to $95,000.

The relative strength index is in positive territory and is sloping upwards. This indicates an advantage for the bulls. The bulls may be trying to turn the resistance into support by reversing the trend off of the 20-EMA. This pair could be forced to sell at $89,000. However, it will likely cross. The pair could then be pushed into the $92,000-95,000 area.

The moving averages will be the key support that the bulls need to protect themselves on the downside. They could see the pair plummeting to $78,500, if they don’t succeed.

Hyperliquid price analysis

On April 12, Hyperliquid reached $17.35. It closed on April 11, above the SMA of 50 days ($15.14).

The 20-day EMA (13.84 USD) is starting to rise, while the RSI rose near 56. This suggests that buyers are in the lead. If the bulls win, they could launch a rally that would take them to the $21 level and then to the $25 mark.

The optimistic view of the future will not be validated if, in the short-term, the price falls below the 20 day EMA. It is possible that the pair will fall below $12 and attract more buyers.

Watch out for the 20-EMA. It is a sign to buy on dips if the price moves strongly off of the 20 EMA. Bulls will make another attempt at the $17.35 barrier. In the event that they do succeed, it is possible for the pair to rise up to $21. At $18, there is some resistance, but this is unlikely to last. 

The bullish momentum will be weakened if sellers can pull the price below the 20 EMA and maintain it there. It is possible that the pair will then drop to its 50-SMA.

Ondo price analysis

Ondo (ONDO( has broken through the downward trend line. This suggests that the bears could be losing control.

If the price drops below $0.96, it may be supported by the 20 day EMA ($0.83). The bulls may try again to push the pair ONDO/USDT above $0.96 if the price bounces off the 20 day EMA. They could gain momentum, and the pair might rally to $1.20.

Other plans are most likely in the sellers’ minds. Sellers will likely have other plans. They could lower the price to $0.79, and then to $0.68 if they succeed.

The chart for the four-hour period shows the pair facing a selling pressure in the zone of resistance between $0.93 and $0.96. The price must remain above the 20 EMA for buyers to retain the advantage. Price rebounding off 20-EMA will increase the chances of a breakout above $0.96. It is possible that the pair will then rise to $1.05, and later $1.20.

It is more likely that demand will dry up at higher prices if price drops below 20-EMA. This pair could then fall to the 50 SMA.

Related: Bitcoin price tags $86K as Trump tariff relief boosts breakout odds

Analysis of Rendering Prices

Render (RNDRThe bears should mount a solid defense at the $4.22 overhead resistance.

The RSI is in the positive range, signaling a buyer’s advantage. The RNDR/USDT will form a double bottom pattern if the price goes above $4.22. It is possible to cross the minor resistance of $5. It is possible that the pair will climb up to $5.94, which would be the target for this pattern.

In contrast to this, if price falls sharply below moving averages and turns downwards quickly from $4.22 it indicates a short-term rangebound movement.

The 20-EMA is expected to provide support for the decline. The price will indicate a positive sentiment if it bounces off the 20-EMA. It increases the likelihood of a price break above $4.22. It is possible that the pair will face resistance in the range of $4.60-$5. However, if it does not fall below $4.22 then a new trend up begins.

A close and break under the 20-EMA indicates that bulls may be losing control. This pair could then drop to the 50% SMA signaling consolidation near-term.

Kaspa price comparison

Kaspa (KASOn April 12, the 50-day SMA was closed and the price rose to $0.07, indicating that there is less selling pressure.

The 20 day EMA ($0.07) is starting to move up and the RSI is in positive territory. This suggests that the upward path will have the least amount of resistance. The KAS/USDT will form a double bottom pattern if buyers push the price up above $0.08. The target for this bullish set-up is $0.12.

If, on the other hand, the price drops from $0.08 to below the 20 day EMA it signals a range. For a while, the pair could oscillate between $0.08 to $0.05.

The pair is down by $0.08, but will likely find some support near the 20-EMA. The pair may rally above the resistance of the 20-EMA if the price bounces off. The pair may start to move higher if buyers are able to overcome the overhead resistance.

In the short term, this positive outlook will be nullified if the market turns downwards and the support level of $0.07 is broken. This could cause the pair to remain in the same range for some time.

This article contains no investment recommendations or advice. Risk is inherent in every investment decision and trade. The reader should always do research prior to making a final decision.