Zcash & Hyperliquid Defy Crypto Market Weakness—Are Bulls Preparing for a Bigger Recovery?

While the broader crypto market, including Bitcoin & Ethereum, remains under pressure, a few altcoins continue to show notable resilience. Zcash (ZEC) and Hyperliquid (HYPE) are among the strongest performers, maintaining bullish structures despite the ongoing market-wide correction. Both assets are displaying strong technical setups, sustained buying interest, and improving momentum indicators. 

As Bitcoin struggles to reclaim higher resistance levels, traders are closely watching whether ZEC and HYPE can continue outperforming and trigger an extended recovery rally in the coming sessions.

Hyperliquid (HYPE) Price Analysis

Hyperliquid has emerged as one of the strongest-performing assets during the recent market weakness, with the price continuing to trade within a well-defined ascending channel structure. The latest breakout above the mid-range resistance has pushed the HYPE price toward the major supply zone near $57 to $63, where sellers are beginning to re-enter the market. The daily chart shows that HYPE recently surged from the lower demand zones around $39 to $41 and reclaimed multiple resistance levels with strong bullish candles.

The RSI has climbed toward the overbought region near 68, indicating strong momentum, although short-term cooling remains possible after the recent vertical rally. Technically, the ascending channel remains intact as long as HYPE holds above the immediate support near $49. A successful breakout above the resistance zone around $57.5 could trigger another impulsive move toward $63 and potentially extend toward $68 if bullish momentum accelerates further. 

However, failure to hold the breakout could lead to a temporary retracement toward the $49 to $45 demand region before another recovery attempt.

Zcash (ZEC) Price Analysis

Zcash price is also showing remarkable strength despite the broader market decline, with the price maintaining a strong bullish structure above key Fibonacci support levels. After reclaiming the major support zone near $520, ZEC has continued consolidating near the 0.786 Fibonacci resistance level around $633, signaling sustained buying interest. The daily chart highlights a strong recovery trend supported by expanding Bollinger Bands and a positive Chaikin Money Flow (CMF) reading, indicating continued capital inflows into the asset.

Unlike many altcoins that are losing momentum, ZEC has managed to defend higher lows while sustaining above the mid-band support. If bulls manage to push ZEC above the immediate resistance near $633, the next upside targets could emerge around $755 and eventually near $910, aligning with the higher Fibonacci extensions shown on the chart. On the downside, the major support remains near the $520 to $470 region. As long as this zone holds, the broader bullish structure is likely to remain intact.

Conclusion: Will the Bullish Momentum Continue?

Both Hyperliquid and Zcash continue to display relative strength while the broader crypto market struggles under bearish pressure. HYPE remains technically bullish inside a rising channel, while ZEC continues consolidating above critical Fibonacci support with strong money inflows.

For traders, the key confirmation now lies in whether HYPE can decisively break above the $57–$63 supply zone and whether ZEC can reclaim the $633 resistance level. If these breakouts occur with strong volume, HYPE could rally toward $68, while ZEC may target $755 and eventually $900 in the midterm.

However, traders should also watch nearby support zones closely. Losing $49 in HYPE or $520 in ZEC could weaken the bullish structure and trigger a broader pullback before the next directional move.