The crypto market is doing well today, with most tokens being in the green, and the valuation hitting $2.76 trillion. This rally continued even after the Federal Reserve and Bank of Japan (BoJ) hiked interest rates, and as crude oil remained at an elevated level. This article provides a forecast for top tokens like Near Protocol (NEAR), Venice Token (VVV), and Hyperliquid (HYPE).
NEAR Protocol price forecast
NEAR Protocol is a top crypto project that runs a layer-1 network, a privacy-focused trading platform, and an AI agent marketplace. This positioning has helped it to perform well in the past few months, outperforming mainstream coins like Bitcoin, Ethereum, and XRP.
The token continued rising this week, reaching a high of $3.7830, much higher than the year-to-date low of $0.8490. This surge makes it one of the top gainers in the crypto industry this year.
The token has jumped above the key resistance level of $3.08, the upper side of the cup-and-handle pattern. This pattern normally leads to more gains since it is one of the most common continuation signs in technical analysis.
The token has jumped above all moving averages and the Supertrend indicator. At the same time, the Average Directional Index (ADX) has continued rising, a sign that the trend is gaining momentum.
The risk, however, is that the token has become highly overbought, with the Relative Strength Index (RSI) rising to 85. Therefore, there is a risk that the token will retreat and retest the support level of $3.08 and then resume the upward trend. This pattern is known as a break-and-retest pattern.
Venice Token price forecast
Venice AI is a top project in the artificial intelligence industry, where it runs a platform that allows people to search different models, including from companies like Anthropic, OpenAI, and Grok. Users pay for the platform using fiat currency, with the company using part of the fees to buy and burn its tokens. It burned VVV tokens worth over $702k last month and has now burned $673k this month.
Venice Token price has been in a strong rally this year and is hovering around its all-time high. It was trading at $27.25, a few points below the record high of $29.30. It remains slightly above the key resistance level of $21.48, the upper side of the cup-and-handle pattern. It has already formed a break-and-retest pattern.
The token has also remained above all moving averages. Therefore, the path of the least resistance for the token is upward, with the next key target to watch being at $35.
Hyperliquid price forecast
HYPE price has been in a strong upward trend after President Donald Trump signaled that he will support its entry into the United States. It also rose after the Securities and Exchange Commission (SEC) supported tokenization of stocks in the United States.
Hyperliquid is also seeing strong demand in its platform, with the volume in its perpetual DEX platform rising to over $240 billion in the last 30 days. This volume is much higher than its top peers like Aster and Lighter.
The token has also completed the formation of a break-and-retest pattern by falling back to $76, its highest level on June 16. It also moved above the key resistance level of $89.38, its previous all-time high. Therefore, the path of least resistance for the coin is upwards, with the next target being at $100.