The broader cryptocurrency market faced renewed selling pressure as Bitcoin (BTC) struggled to sustain momentum above the critical $100,000 psychological level. Despite BTC slipping into a five-day losing streak and dipping as low as $98,200 over the weekend, select altcoins like OKB, Story (IP), and Hyperliquid (HYPE) demonstrated strong resilience, posting gains and signaling potential trend reversals.
While most major altcoins traded in the red amid market-wide caution, these three digital assets stood out by maintaining bullish momentum. Their ability to rise independently of Bitcoin’s short-term correction highlights growing investor confidence in their underlying ecosystems and unique value propositions.
This article dives into the technical setups, momentum indicators, and key price levels for OKB, IP, and HYPE—revealing why they may continue outperforming even if Bitcoin consolidates below $100K.
👉 Discover how top altcoins are building momentum despite market volatility.
OKB Shows Signs of a Bullish Reversal
OKB kicked off the week with a strong upward move, gaining over 6% and reversing three consecutive days of losses. The rally formed a bullish engulfing candlestick pattern on the daily chart, suggesting renewed buying interest after a brief pullback over the weekend.
At the time of writing, OKB was testing the crucial $50 support zone**, a level that has acted as both resistance and support multiple times in recent weeks. A daily close above **$53.88 would mark a new monthly high and could open the door for further upside toward $56.17—a level last seen on May 10.
Momentum Indicators Signal Strength
Technical indicators are aligning to support a potential trend reversal:
- The MACD (Moving Average Convergence Divergence) is nearing a bullish crossover, with the histogram bars beginning to rise from negative territory.
- The RSI (Relative Strength Index) has sharply rebounded to 55, breaking above the 50 midpoint—traditionally a sign of strengthening bullish momentum.
Importantly, RSI remains well below the overbought threshold (70), indicating room for further upside without immediate risk of exhaustion.
However, caution remains warranted. The 24-hour high at **$56.48** produced a long upper wick, reminiscent of previous rejection patterns. If OKB fails to close above $53.88, it may enter another phase of sideways consolidation before attempting another breakout.
With OKX Exchange continuing to expand its product offerings—including derivatives, DeFi integrations, and Web3 services—OKB’s utility and demand drivers appear robust, underpinning its price resilience.
👉 See how leading exchange tokens are leveraging ecosystem growth for sustained gains.
Story (IP) Bounces Within a Downtrend Channel
Story Protocol’s native token, IP, surged 10% on Monday, breaking above the $3 mark and rebounding from a key trendline support formed by lows on March 7, April 7, and June 19. This bounce suggests a possible shift in sentiment despite trading within a broader descending channel.
The channel itself is defined by parallel trendlines:
- Upper resistance connects downward peaks from February 26, March 25, May 11, and May 22.
- Lower support aligns with the recent swing lows.
A successful breakout above this channel could signal a full trend reversal, but for now, the immediate target lies near $3.78, where the upper trendline currently resides—matching the closing price from May 30.
Technical Indicators Flash Early Buy Signals
- The MACD has turned upward in negative territory, with the red histogram shrinking. A bullish crossover above the signal line—especially if followed by a move into positive territory—would confirm strengthening momentum.
- The RSI has recovered from an oversold level of 38, now moving back toward neutral ground. With no signs of overbought conditions yet, there’s significant runway for further appreciation within the channel.
That said, failure to hold gains could see IP retest last week’s low at $2.43. Until a decisive close above the upper channel boundary occurs, traders should view this as a potential range-bound play rather than a confirmed uptrend.
Nonetheless, Story Protocol’s focus on content ownership and AI-driven attribution continues to attract developer interest—a fundamental tailwind that may eventually break technical constraints.
HYPE Regains Bullish Momentum at Key Support Line
Hyperliquid (HYPE) edged up slightly—less than 1% at press time—but extended its recovery with a third consecutive green candle. The weekend rally already delivered a 7% gain, fueled by renewed confidence in its decentralized perpetual futures platform.
HYPE found strong support along a rising trendline connecting key lows from:
- April 7
- April 28
- May 6
- June 20
This long-term support zone has repeatedly halted sell-offs, reinforcing its reliability. The immediate resistance sits at $39.05, matching the high reached on May 25.
Momentum Building for Another Leg Up
- The MACD is approaching a bullish crossover, with convergence indicating slowing downside momentum.
- The RSI has rebounded to 49, crossing back above the midpoint—another sign of recovering buying pressure.
If HYPE sustains momentum and breaks above $39.05, the next target could be the April high near $45.
However, a daily close below the trendline support—around $34.40**, where Sunday’s session opened—could invalidate the current structure and potentially extend losses toward **$28.81, last seen on May 17.
Given Hyperliquid’s growing trading volume and low-latency architecture, HYPE remains well-positioned to benefit from increased derivatives activity across DeFi.
Frequently Asked Questions (FAQ)
Q: Why are OKB, IP, and HYPE rising while Bitcoin is stalling?
A: These tokens are driven by platform-specific developments and strong technical setups. Unlike Bitcoin, which often leads broad market trends, certain altcoins can outperform during consolidation phases due to ecosystem growth and trader sentiment.
Q: Is it safe to buy these altcoins if Bitcoin drops below $100K?
A: While no investment is risk-free, OKB, IP, and HYPE show technical strength and supportive indicators. However, always assess your risk tolerance and consider position sizing—especially in volatile markets.
Q: What are the key levels to watch for OKB?
A: A daily close above $53.88 confirms bullish momentum with targets at $56.17. Conversely, failure to hold $50 could lead to short-term weakness.
Q: Can Story (IP) break out of its downtrend channel?
A: Yes—though not yet confirmed. A sustained close above the upper trendline near $3.78 would signal a breakout and likely attract more buyers.
Q: What happens if HYPE breaks below $34.40?
A: That level marks critical trendline support. A breakdown could trigger extended selling toward $28.81, especially if broader market conditions worsen.
Q: How do MACD and RSI help predict price moves?
A: MACD shows momentum shifts through crossovers; RSI measures overbought/oversold conditions. Together, they help identify early reversal signals before price confirms them.
Final Outlook: Altcoin Resilience in Focus
While Bitcoin remains the market’s heartbeat, recent performance shows that mature altcoins like OKB, Story (IP), and HYPE are increasingly decoupling from BTC’s short-term noise. Strong technical foundations, coupled with growing real-world utility, are enabling these assets to maintain upward momentum even amid macro uncertainty.
Investors watching the $100K Bitcoin milestone shouldn’t overlook what’s happening beneath the surface—where innovation, trader sentiment, and technical strength are fueling the next wave of crypto gains.
👉 Stay ahead of the next altcoin surge with real-time data and insights.