beincrypto.com
Investor caution is mounting as geopolitical tensions between Israel and Iran continue to escalate, triggering uncertainty across global markets.
This has led to a noticeable drop in trading activity in the crypto space, with market participants turning risk-averse. Despite the pullback, a few altcoins have managed to grab traders’ attention today. Some of them include $TON, LAMBO, and $HYPE.
Toncoin ($TON)
Telegram-linked $TON is one of today’s trending assets. It trades at $2.87 at press time, down 2% over the past day.
On the daily chart, its negative Balance of Power (BoP) signals waning demand for the altcoin. The momentum indicator currently stands at -0.59 and is in a decline.
The BOP indicator measures the strength of buyers versus sellers by comparing the price action within a trading session. When BOP is negative, it suggests that sellers are dominating the market, indicating bearish sentiment and downward price pressure.
If sellers strengthen their control, they could drive a further price dip to $2.77.
On the other hand, if demand climbs, $TON could reverse its downtrend and climb toward $3.04.
Eigenlayer ($EIGEN)
$EIGEN is another altcoin trending today. Mirroring the broader market’s dip of the past day, the token is also down 1%. At press time, $EIGEN trades at $1.14.
During the review period, the token’s trading volume is up 6%, totaling $128 million. When an asset’s price falls while trading volume rises, it signals heightened selling pressure or panic-driven exits, as more participants rush to offload their positions.
This combination reinforces the bearish trend in the $EIGEN spot markets and points to further downside unless demand reappears to absorb the sell-off.
If selling pressure climbs, the token’s price could dip toward $1.02.
Conversely, if buying resumes, $EIGEN could rally to $1.56.
Hyperliquid ($HYPE)
$HYPE, the native token of the emerging decentralized perpetual exchange Hyperliquid, is another altcoin that has attracted attention today. It trades at $39.50, down 2% over the past day.
At its current price, $HYPE remains below the key resistance level at $42.65, which prevents a full recovery toward its all-time high of $45.82.
If broader market sentiment improves, the altcoin could retest this previous peak, and potentially break past it.
However, if selling pressure persists, $HYPE may retreat toward the $36.55 support zone.