Crypto
Top 5 Crypto This Week: ENA Surprises, TRUMP Shocks
Five altcoins are approaching critical price levels after a powerful rally, with technical setups now pointing toward potential gains or reversals.
6h ago 4,280
BLOCKINSIDERLoadingFive altcoins are approaching critical price levels after a powerful rally, with technical setups now pointing toward potential gains or reversals.
The latest crypto market rally has reshaped the outlook for several altcoins, with sharp gains bringing fresh attention to key tokens.
Their next moves will depend on whether bullish momentum holds or key support levels begin to fail.
HYPE was a major focus this past week and will continue to be so, thanks to US President Donald Trump’s mention of bringing Hyperliquid to the US. This triggered a surge in its value, which got amplified with the recent rally.
The altcoin posted a 40% rise in the last 5 days, pushing HYPE price to form a new all-time high (ATH) of $83.41. As the bullish momentum took a break today, the altcoin ended up posting a 4.5% drawdown, bringing HYPE's price to $78.52.
That said, investors may want to put HYPE in the crosshairs as it presents the potential to stay the course in this rally, with the possibility to push towards the $100 mark. However, those looking to prevent losses should watch the $75.46 and $72.98 support levels. Losing them could result in a sharper drawdown below $70.00, invalidating the bullish thesis as HYPE hits $64.64.
PI price had a strong run upwards in keeping with the rest of the market as it climbed 30% before tanking most of its surge on August 22, posting a 7.5% drop. At press time, PI is changing hands at $0.08868.
The altcoin is barely holding above the 38.2% Fib line, marked at $0.08876. If this support is lost, PI price could end up dropping to the 23.6% Fib line, standing at $0.08171. This line is also known as the bear market support floor, and a slip below it could bring the altcoin closer to its all-time low of $0.07032.
With 128 million PI worth over $11.35 million set to unlock this month, the chances of a drop are high. But if the circumstances change and PI notes a recovery, expect a bounce back from 38.2% Fib line, which could push the altcoin towards $0.10016 at 61.8% Fib line.
TRUMP is another crucial token to watch this week thanks to statements the US President recently issued, specifically claiming the Strait of Hormuz is a US territory. This led to the TRUMP token facing sharp volatility.
The altcoin first jumped by 161% during the broader market surge this past week. However, as expected, this did not last long, and TRUMP ended up falling by 32% to trade at $2.47 at the time of writing.
HYPE Price Analysis | Source: TradingView
At the moment, TRUMP is holding above the 1.618 Fib line at $2.19, under the $2.70 resistance, sitting in line with the 2.618 Fib line. At the same time, the 50-day EMA is acting as support, but the 200-day EMA is still in resistance. If either of the lines is broken, TRUMP will decisively move in that direction.
ENA emerged as the best-performing altcoin this past week, surging 121% during the rally. However, the token has since retraced and trades at $0.1579. The sharp advance signals renewed buying interest, but the pullback shows that traders remain cautious.
The 200-day EMA remains a key resistance level for ENA, sitting just below the 3.618 Fibonacci line at $0.1737. The altcoin also reached a six-month high during its recent rally. A sustained move above these technical barriers could strengthen bullish momentum and signal that buyers are attempting to establish a broader uptrend.
Investors should closely monitor $0.1737 and $0.1451 as the next critical ENA price levels. A breakout above $0.1737 could trigger another surge and expose higher targets. Conversely, a daily close below $0.1451 would weaken the bullish setup and increase the risk of further ENA price declines.
Chainlink emerged as an important altcoin this week as institutional interest strengthened across crypto ETF markets. Month to date, LINK recorded $14.88 million in inflows. It was the only altcoin outside the largest assets to register positive ETF flows. This trend highlights improving investor interest and strengthens the broader LINK price outlook.
LINK price climbed nearly 54.5%, reaching $12.58 before retreating to $11.57. The sharp advance reflects renewed buying momentum following sustained investor interest. If ETF inflows remain strong, LINK could regain momentum and retest $13.00.
A successful move above that level would strengthen the bullish structure and signal further upside potential for Chainlink.
However, weakening market conditions could quickly put pressure on LINK price and undermine the recent recovery. A break below the $10.79 support may expose the next downside level at $9.35. Such a move can invalidate the current bullish thesis. Traders should therefore monitor ETF flows and these technical levels closely before assessing further direction.
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