Leading Altcoins Face Corrections: HYPE, RENDER, and SOL | Airdrop Alert Pro

Hyperliquid’s HYPE surged to an all-time high on December 21, following a billionaire airdrop, before entering a sharp correction. At the same time, the leading artificial intelligence token RENDER has fallen sharply by 20% in the past week, with its market value falling to $3.7 billion.

Similarly, Sol It has experienced a massive 30% correction in the past 30 days since its November peak of $264, but its ecosystem remains active, with applications like Raydium and Pumpfun thriving. These coins are now approaching key technical levels, setting the stage for a potential reversal or continued correction in the coming days.

Hyperliquid (HYPE)

HypeHyperliquid’s native token has been in the spotlight in recent weeks following the rise of a high-profile billionaire airdrop. The coin hit an all-time high on December 21 but has since entered a correction phase, following the pattern of other coins Altcoins in the last week.

In the past 24 hours, Hype price It plummeted 17%, with its market value falling to nearly $9 billion.

From a technical perspective, resistance at $28.95 is critical for HYPE’s price trajectory.

A break above this level could reignite the bullish momentum, potentially pushing the coin towards $35 or even $40 in the short term. Conversely, if the $22 support fails to hold, the correction may deepen, dragging the price down to $14.99.

rendering (rendering)

make it It is the leading artificial intelligence token by market capitalization and is currently undergoing a sharp correction after peaking at nearly $4.5 billion last week. The token currently has a market cap of $3.7 billion, having fallen nearly 20% in the past seven days.

This decline comes amid growing expectations that the AI ​​narrative will continue to gain traction in 2025, which could provide investors with an attractive entry point into AI altcoins. render price It is currently in a strong downtrend, marked by the death cross formed on December 19, showing bearish momentum.

Currently, RENDER is trading near key support at $6.37, with resistance around $7.78. A successful break above this resistance could pave the way for a rebound towards $9.71.

However, failure to maintain support at $6.37 could exacerbate the decline, with downside targets at $5.26 and $4.73 imminent.

Solana(Sun)

Sol It has experienced a sharp correction after hitting an all-time high of $264 on November 22, with its price down nearly 30% in the past 30 days.

Despite this correction, Solana The ecosystem remains trending, with apps like Raydium and Pumpfun continuing to generate huge traction, with daily fees running into the millions, Solana Altcoins such as PENGU, BONK, WIF, etc. have attracted a lot of attention.

Looking ahead, SOL’s price action depends on key support and resistance levels. The next key support is located at $178; if this level fails, SOL may face further declines, possibly testing $158 and $147.

Instead, resistance at $195 holds the key to a potential reversal. A break above this level could mark the start of a new uptrend, with price targets at $203 and $221.