Hyperliquid (HYPE), XRP, Toncoin (TON), Ethereum (ETH), Shiba Inu (SHIB) Price Analysis for May 16: Chances of Explosive Recovery Emerge

Cover image via depositphotos.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Hyperliquid impulse appears XRP squeeze Toncoin's pressure halt Transitional Ethereum state Speculation over Shiba Inu Advertisement Among large-cap altcoins, HYPE continues to exhibit one of the strongest trend structures. The token defended the 200-day MA and printed a sharp rebound candle toward the $47 zone in March after regaining the 50-day and 100-day moving averages. Hyperliquid impulse appears The most recent move appears to be impulsive rather than corrective: price recovered short-term trend support nearly immediately following the flush toward the $38 region, volume increased on the bounce, and RSI pushed back above 60. Bulls continue to dominate the chart structurally, as HYPE stays above the 100-day MA at $40.7. HYPE/USDT Chart by TradingView Overhead supply in the vicinity of the prior local highs between $48 and $50 is the primary issue. Continuation toward the low $50s would probably be possible with a clean daily close above that range. HYPE will continue to be a relative strength leader if Bitcoin remains steady at current levels and altcoin rotation persists. HOT Stories Hyperliquid (HYPE), XRP, Toncoin (TON), Ethereum (ETH), Shiba Inu (SHIB) Price Analysis for May 16: Chances of Explosive Recovery Emerge Strive's Bitcoin Buy Rivals Strategy XRP squeeze Although the chart has significantly improved, XRP is less explosive technically. The price held the $1.30 base while compressing inside a descending wedge for months. It appears that momentum is finally changing based on the recent breakout above the upper trendline and the recovery of the 20-day and 50-day moving averages. Advertisement You Might Also Like Tue, 05/12/2026 - 09:25 Shiba Inu Burn Sees 710% Jump in SHIB Destruction Amid Supply Cut By Tomiwabold Olajide Bulls now need to close consistently above the $1.50 resistance level in order to be confirmed. The next significant target is located around $1.70 if that level turns into support. The breakout thesis is further supported by momentum indicators: the RSI has increased without entering extremely overbought territory. Fundamentally, regulatory and ETF narratives continue to play a major role in XRP's trading , and recent market positioning indicates that traders are increasingly anticipating a continuation above $1.50 rather than a return to cycle lows. Advertisement Toncoin's pressure halt Out of the three charts, TON is the most erratic. The token printed a nearly vertical rally toward $2.9 after breaking out violently above all major moving averages, but it quickly retreated. This type of candle structure typically indicates transient overheating as opposed to long-term price discovery. TON/USDT Chart by TradingView During the breakout phase, the RSI momentarily entered extremely overbought territory and volume sharply increased. Nevertheless, TON finally reclaimed the long-term downtrend and returned above the 200-day MA, which significantly improved the overall structure. TON may establish a stronger base for a subsequent upward leg if buyers hold the $1.90-2.00 range during consolidation. If it doesn't, a deeper retracement toward the breakout zone around $1.70 is likely. Transitional Ethereum state After months of structural weakness, Ethereum is attempting to stabilize , but the chart is still in a transitional stage rather than a confirmed bullish reversal. ETH has steadily constructed a series of higher lows while regaining short-term moving averages since the February collapse toward the $1,800 area. Directly beneath the 100-day moving average at $2,340, which presently serves as the primary resistance ceiling, the recent structure resembles a tightening wedge. Throughout April and May, the price kept testing this range, but buyers were still unable to create a clear breakout candle with substantial follow-through volume. You Might Also Like Fri, 05/08/2026 - 16:43 Ethereum (ETH) Could Hit $12K This Year, Lee Predicts By Alex Dovbnya Compared to the first quarter of 2024, volatility has significantly decreased, making the setup more intriguing from a technical standpoint. That type of compression typically comes before a directional move following a prolonged downtrend. The 20-day and 50-day moving averages began to converge and flatten, indicating a significant decline in bearish momentum. Another indication that sellers lost complete control of the trend was the RSI's recovery into neutral territory around 50 rather than continuing to be trapped in oversold conditions. The current key level is between $2,350 and $2,400. The next target is probably the 200-day moving average around $2,570 if ETH closes above that area on increasing volume. That level is important because ETH has been trading below its long-term trend indicator for months, and regaining it would significantly boost market perception of the altcoin industry as a whole. However, ETH might be trapped inside another consolidation range between $2,200 and $2,400 if resistance isn't broken. Until higher highs emerge on the daily timeframe, bears continue to have the macro advantage. The chart itself still lacks the kind of momentum seen in better performers like HYPE or TON, but Ethereum is fundamentally still benefiting from growing institutional flows, Layer-2 growth, and ETF-related speculation. At the moment, ETH is less of a leading asset and more of a lagging market bellwether. Speculation over Shiba Inu Shiba Inu is still a very speculative asset, but in contrast to many meme coins, SHIB has quietly begun to construct an accumulation structure that is more technically sound. Buyers repeatedly pushed against horizontal resistance close to $0.0000064 while defending ascending support. Rather than indicating exhaustion, that persistent pressure below resistance frequently indicates a slow absorption of sell liquidity. SHIB's recovery of the 20-day and 50-day moving averages for the first sustained period in months is the most significant development. Momentum conditions significantly improved even though the price is still below the 200-day MA, indicating that the macro trend is still bearish. SHIB/USDT Chart by TradingView RSI showed that demand increased gradually rather than through a single speculative spike as it moved toward the upper half of the range without entering extremely overbought territory. After one or two green candles, participation in earlier rallies during the downtrend typically vanished, leading to their immediate collapse. Volume in the current structure remained largely constant during the consolidation, indicating that traders are still holding onto their positions rather than completely rotating out of the asset. That lessens the likelihood of an immediate breakdown continuing, but it does not guarantee a breakout. The main resistance zone is located between $0.0000064 and $0.0000065. A verified breakout above that area might pave the way for a move toward the 200-day moving average overhead and the psychological $0.0000075 area. SHIB is still very sensitive to Bitcoin volatility and general market sentiment, though. The rising support trendline at $0.0000060 becomes crucial if the meme coin market declines once more. The majority of the recent bullish gains would be invalidated if that structure were lost, and SHIB would probably go back into low-volume sideways drift. #XRP #Toncoin #Ethereum #Shiba Inu #Hyperliquid