HYPE approaches previous high, SHIB faces pressure, TON reclaims $2

Foreign media comment that recently, capital preferences in the crypto market continue to tilt toward high-volatility assets. After a volume-driven rally, HYPE approaches its historical high, SHIB remains weak due to increased selling pressure, and TON, after a sharp surge, has regained the $2 level.

HYPE nears previous high

The article states that after HYPE broke through resistance around $48 to $50, the price quickly rose toward $60. Trading volume also increased, indicating that this rally is not a short-term move driven by thin liquidity, but involves sustained buying interest.

From the trend, HYPE is still trading above multiple medium- and long-term moving averages, and the upward trend since March has not been broken. The article mentions that in early May, the price temporarily broke below the trend support, but quickly recovered, and such failed breakdowns often lead to further upward short covering.

However, the commentary also points out that after the rapid rise, HYPE has entered a phase where volatility may increase. If the price can consolidate above $55, the market may continue testing $60 and higher levels; if momentum weakens, the $48 to $50 zone will become the first support area to watch.

SHIB selling pressure remains unresolved

The article believes that SHIB has recently failed to hold its breakout trend and, after increased selling, has weakened again. Its ascending wedge pattern formed since March has shown signs of a pullback, with the short-term rebound failing to continue, and the price falling back below key moving averages.

Volume structure is also bearish. The report notes that during SHIB’s decline, trading activity has begun to surpass that during the rebound, indicating a move closer to distribution rather than accumulation. For meme coins that rely on sentiment and short-term funds, this usually means the rebound foundation is still unstable.

From a technical perspective, SHIB remains below the 200-day moving average, with the 50-day and 100-day moving averages also acting as resistance. The article states that if the local low around $0.00000550 is broken, short-term positions may continue to exit; to repair the trend, the price needs to recover the wedge breakdown area and re-establish above the 100-day moving average.

TON reclaims above $2

The article states that after a long consolidation, TON experienced a rapid rebound, with the price surging from about $1.30 to nearly $3. Although it retraced afterward, it remains stable around $2. This indicates that it has not fully given back its gains, and the short-term structure has significantly improved compared to before.

The commentary points out that TON has now re-established above the 50-day, 100-day, and 200-day moving averages, which is rare over a long period. The $1.75 to $1.80 zone, corresponding to the 200-day moving average, is seen as a medium-term support zone. As long as the price stays above it, buyers still hold some initiative.

The article also mentions that during the rebound, trading volume increased significantly, indicating a recovery in market participation. Next, the $2.20 to $2.30 range will be the main resistance level; if broken through, the market may test $2.70 or even the previous high near $3. If the price falls back below $1.90, downside pressure could intensify.