Cryptocurrencies Price Prediction: Hyperliquid, Chiliz & Zcash — Asian Wrap 13 November

FXStreet Team FXStreet

Hyperliquid Price Forecast: HYPE under pressure as HLP absorbs $5 million bad debt

Hyperliquid (HYPE) holds above $38 after an 8% drop so far this week, which marks the third consecutive week of losses. The retail interest for HYPE remains low as Hyperliquid’s market maker, Hyperliquid Provider (HLP), suffers a $4.9 million loss in a potential stress test. The technical outlook warns of downside risk if bears fracture the $35 support.

Chiliz Price Forecast: CHZ risks drop as whales offload holdings amid fading market interest

Chiliz (CHZ) is trading around $0.032 at the time of writing on Thursday, after being rejected from the key resistance level earlier this week. On-chain data indicates that whale wallets are offloading their holdings while social dominance declines, suggesting fading investor interest. Meanwhile, the technical outlook hints at a potential correction, with bears eyeing lower support levels in the near term.

Top Crypto Gainers: Zcash, Decred, Zora – Privacy coins rally on Winklevoss twins-backed investment

Tyler Winklevoss announced the rebranding of Leap Therapeutics as Cypherpunk Technologies (CYPH) with a holding of 203,775 ZEC, representing ~1.25% of the current ZEC supply. Cypherpunk aims to acquire at least 5% of the total ZEC supply. Tyler further added, “If Bitcoin is digital gold, Zcash is an encrypted Bitcoin, or digital cash. One is your store of value, the other is how you privately move your value. We’ve been tracking this symbiosis for years and believe that now — as we enter the age of AI — is the right time to begin accumulating ZEC.”

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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