Date: Sat, February 15, 2025 | 04:18 AM GMT
The cryptocurrency market is showing signs of recovery this week after a period of correction. Bitcoin dominance has dropped by 2.25% over the past seven days, now sitting at 60.50%. This decline suggests that altcoins may be preparing for a rebound, attracting traders and investors looking for potential opportunities.
Among the standout performers, Hyperliquid (HYPE), XDC Network (XDC), and Monero (XMR) are gaining traction with impressive weekly gains.
Let’s take a closer look at their price action and potential for the coming week.
Hyperliquid (HYPE)
HYPE has surged over 15% in the last seven days, breaking out from both a descending triangle pattern and a symmetrical triangle structure. The breakout occurred on Friday at $25.80, pushing its price to a local high of $28.46. Following this, HYPE successfully retested its breakout level, confirming its bullish momentum.
At present, HYPE is trading at $26.34 and could be eyeing the next resistance levels at $28.46 and $35.37, representing a potential 33% increase from its current price.
XDC Network (XDC)
XDC has managed to secure a 7% weekly gain after breaking above its falling trendline at $0.092, accompanied by a successful crossover of the 15-day Simple Moving Average (SMA).
A similar breakout occurred last month when XDC crossed above its trendline and 15-day MA, leading to an explosive 100% rally within weeks. If history repeats itself, XDC could be heading toward the next resistance levels at $0.12 and $0.15, offering a potential 54% upside from its current price.
Monero (XMR)
Monero has been consolidating within a multi-year ascending channel on its weekly chart. Currently, XMR is trading at $236, and a golden cross has formed, with the 50-week SMA crossing above the 100-week SMA.
Historically, this pattern is a strong bullish indicator. The last time it appeared in October 2020, it was followed by a 600% rally during the 2021 bull market.
If the trend repeats, XMR could be poised for another explosive run, potentially reaching the upper resistance of the channel around $580, which would mark a 147% gain from the current price.
Final Thoughts
With Bitcoin dominance weakening, altcoins are gaining momentum. HYPE, XDC, and XMR are three key players to watch for the upcoming week, each showing strong technical setups that could lead to substantial gains. However, as always, traders should remain cautious and conduct their own research before making any investment decisions.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Always do your own research before investing in cryptocurrencies.
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