Hyperliquid and MYX Finance Prices Recover Amid Market Correction—Is Bullish Momentum Building?

Bitcoin remains under pressure

The price has entered a decisive phase between $34.94 and $35.95, which can be considered a trend reversal zone, as the price range had been offering strong support earlier. The Ichimoku cloud turns bullish, while the price consolidates above the cloud, hinting towards growing bullish strength. On the other hand, the RSI is hovering around the upper threshold, hinting towards the growing strength of the rally. Therefore, these technicals hint towards a continued upswing and secure the resistance.

Overall, the rebound in these altcoins appears to be a short-term rotation, but not a clear shift in trend. A sustained upswing in the prices of MYX Finance and Hyperliquid may depend on the growing strength in the top cryptos like Bitcoin & Ethereum. The ETH price is showing stability, while the BTC price may remain volatile and indecisive. Therefore, until Bitcoin rises above the threshold, the consolidation may prevail.

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