The crypto market experienced significant volatility on Saturday, following a sharp reversal on Friday triggered by threats of tariffs on European goods. Bitcoin's price hovered around $108,000, while the total market capitalization of all cryptocurrencies dropped to $3.4 trillion. This article provides a forecast for top cryptocurrencies, including jupiter (JUP), Bonk (BONK), and Hyperliquid (HYPE).

Jupiter token has shown a strong recovery in recent weeks, surging by over 83% from its lowest point this year. However, it remains well below the high of $1.4400 reached in November of last year. On Saturday, the JUP token was trading at $0.5500, a level that marked the lowest swing in July of last year and also served as the neckline of a head and shoulders chart pattern. The token has moved slightly above both the 50-day and 100-day Exponential Moving Averages (EMA), indicating that bullish sentiment is currently in control. JUP has also formed an ascending channel, suggesting that a breakout above the resistance at $0.6338 could confirm a bullish trend. However, there is a risk that the token may retest this resistance level, which could signal a bearish continuation pattern.

Bonk, the second-largest meme coin in the Solana ecosystem, has also experienced a rebound in recent months. This recovery began after the token formed a double-bottom pattern at $0.000008953 and moved above the neckline at $0.00001543. A double bottom is a common bullish reversal pattern. Bonk's price has formed an ascending channel and moved slightly above the 23.6% Fibonacci Retracement level. The 50-day and 100-day EMAs are on the verge of crossing, forming a mini-golden cross pattern. This technical setup suggests that the most likely scenario is for Bonk's price to rise and reach the 50% Fibonacci Retracement level at $0.00003460, which is approximately 60% above the current level.

Hyperliquid token price has surged recently as the network has emerged as a leading player in decentralized finance. Data indicates that its protocol handled over $74 billion in transactions in the last seven days, significantly higher than top decentralized exchange (DEX) networks like Uniswap and Raydium. Hyperliquid has now processed over $1.55 trillion in transactions since its inception, a figure much higher than the combined total of other perpetual futures exchanges like Jupiter, edgeX, GMX, and Vertex Edge. Jupiter has also become a highly profitable player, with its daily profits surging to over $5 million this week. The daily chart shows that the HYPE price has risen from approximately $9.4 on April 7 to $35 today, crossing the important resistance level at $28.38, which is the upper side of a cup-and-handle pattern with a depth of about 67%. A cup-and-handle pattern is a popular bullish continuation pattern, and the token has also moved above the 50-day moving average. By measuring 67% from the cup’s upper side, it is estimated that the HYPE price will continue to rise and potentially reach the target at $47.7. However, a move below the support at $28 would invalidate this bullish forecast.