Cryptocurrencies Price Prediction: HYPE, Bitcoin & Crypto – European Wrap 8 April

Hyperliquid Price Forecast: HYPE poised to extend gains as US-Iran ceasefire boosts risk appetite

Hyperliquid (HYPE) approaches $40 at press time on Wednesday, extending the US-Iran ceasefire-linked recovery. Retail demand for HYPE is rising, leading to elevated futures Open Interest amid improved broader market sentiment. Technically, HYPE breaks out of a falling channel pattern on the 4-hour chart, suggesting a near-term bullish outlook.

Bitcoin Price Forecast: BTC eyes breakout as US-Iran ceasefire boosts risk sentiment

Bitcoin (BTC) is approaching the upper boundary of the horizontal channel that has been limiting the price since early February, trading near $71,800 on Wednesday, and a breakout of this zone would suggest an upside move. Easing geopolitical tensions between the US and Iran following the announcement of a two-week ceasefire supports a bullish narrative for the Crypto King, hinting at a potential breakout ahead.

AI crypto tokens Render and Near Protocol rally amid Anthropic’s Glasswing initiative

Artificial Intelligence (AI) crypto tokens, such as Near Protocol (NEAR) and Render (RNDR), are extending gains on Wednesday amid the launch of Antropic Glasswing initiative, while the broader cryptocurrency market recovery linked to the US-Iran ceasefire adds tailwind. Technically, Near Protocol recovery tests a trendline breakout while Render extends a breakout rally, suggesting renewed demand in AI crypto tokens.