Altcoin Support Levels Set Stage for Next Market Moves
The altcoin market has seen sharp rallies in September, followed by periods of calm price action. Hyperliquid (HYPE), Dogecoin (DOGE), and Monero (XMR) are now facing critical support levels that could shape their next moves.
HYPEnow trades at around $79.60 after a correction from its recent high of $90. To support another move towards $82-$84, buyers must defend the key level of $77 to $78. If this level is lost, the next support zone would be around $73 to $74.
Dogecoin has recovered from its low of $0.07 and currently trades near $0.083. Buyers are defending the critical area of $0.081 to $0.082, which could trigger a recovery towards $0.09-$0.095. However, if this support level is lost, DOGE may slide towards $0.078 and $0.074 to $0.075.
Monero has cooled after reaching nearly $560 from its low of $350. The key support level for XMR is currently at $500, which buyers have defended during several September pullbacks. If this level is lost, the next support zone would be around $480.