Despite widespread market selling after a $6.3 billion exploit on Binance dragged major cryptocurrencies down, Hyperliquid (HYPE), LEO Token (LEO), and WhiteBIT Coin (WBT) are maintaining strength within 17% of their all-time highs. Technical indicators show contrasting setups for each asset as traders assess whether these tokens can break through overhead resistance.
Key Takeaways:
- Hyperliquid (HYPE) trades at $90.66, 7.4% below its $97.99 record high, backed by institutional expansion plans.
- LEO Token (LEO) stands at $9.46, 9.3% under its $10.43 peak, though its Relative Strength Index (RSI) signals overbought conditions at 80.
- WhiteBIT Coin (WBT) sits at $73.76, 16.3% off its $88 record, carrying downside risk if support at $73–$75 breaks.
Technical Breakdowns for HYPE, LEO, and WBT
Hyperliquid has displayed notable relative strength after its ecosystem generated substantial revenue in September. The token rallied following a proposed deal between Intercontinental Exchange (ICE) and trade[XYZ], which operates perpetual futures markets on Hyperliquid. The agreement could bring regulated U.S. trading activity to the network, subject to regulatory approval. HYPE reclaimed the $85.19 level on October 29 alongside its highest trading volume since August, driving its RSI to 65. A daily close above $93–$95 could target $97.99 and $104, whereas losing $85.19 opens risk toward $75.14.
LEO Token broke out of a month-long range on October 29 after finding support near $8.91. While LEO trades near overhead resistance between $9.49 and $9.60, its RSI has reached 80—its highest reading since April—indicating an overheating rally. A clean breakout above $9.60 could push LEO toward $9.80 and its $10.43 record high, while rejection at $9.49 threatens a pullback to $8.91.
Conversely, WhiteBIT Coin faces deteriorating technical momentum as exchange security concerns weigh on sentiment following the Binance attack, though no direct link to WBT has been established. WBT has formed lower highs while selling volume has pushed its RSI toward 30. Holding the $73–$75 support cluster could allow a rebound toward $86 and its $88 record high, but breaking $70.48 risks accelerating losses toward $65.08.
Why It Matters
This divergence highlights how specific institutional catalysts and token mechanics can insulate select assets during macro exchange shocks. Watching whether HYPE can capitalize on traditional finance integration while LEO digests overbought indicators will determine if altcoin strength can persist independently of broader sector headwinds.
