Key points:

Bitcoin price is stuck below $109,588, but the pullback has not altered its bullish chart structure.

A bullish weekly open from Bitcoin could extend gains in HYPE, XMR, AAVE, and WLD.

Bitcoin (BTC) remains stuck below the $109,588 level during a quiet weekend, but analysts remain bullish. Material Indicators co-founder Keith Alan said in a post on X that Bitcoin remains positive as long as it trades above the yearly open level of about $93,500. 

Bitcoin’s demand is likely to remain strong with investments from sovereign wealth funds, exchange-traded funds, publicly listed companies and select nations. Crypto index fund management firm Bitwise said in a recent report that institutional funds could pump roughly $120 billion into Bitcoin in 2025 and about $300 billion in 2026.

Crypto market data daily view. Source: Coin360

While the long-term picture looks promising, traders need to be careful in the near term. The failure to swiftly push the price back above $109,588 could attract profit-booking by short-term traders. If Bitcoin pulls back, several altcoins could also give up some of their recent gains.

Could Bitcoin rise back above $109,588, pulling altcoins higher? If it does, let’s look at the cryptocurrencies that look strong on the charts.

Bitcoin price prediction

Bitcoin dropped back below the breakout level of $109,588 on May 23, and the bears thwarted attempts by the bulls to push the price back above the overhead resistance on May 24.

BTC/USDT daily chart. Source: Cointelegraph/TradingView

The bulls will again attempt to drive the price above the $109,588 to $111,980 overhead resistance zone. If they manage to do that, the BTC/USDT pair could rally to the target objective of $130,000.

The 20-day exponential moving average ($104,199) is the critical level to watch out for in the near term. If the support cracks, the pair could plummet to $100,000 and later to the 50-day simple moving average ($94,916).

BTC/USDT 4-hour chart. Source: Cointelegraph/TradingView

The bears have pulled the price below the 50-SMA. The 20-EMA has started to turn down, and the relative strength index has dipped into negative territory, signaling that the bears have the upper hand. If the price sustains below the 50-SMA, the pair could descend to $102,500 and later to $100,000.

Buyers will regain control if they push and maintain the price above the $109,588 resistance. The pair could then challenge the $111,980 level. A break above $111,980 could open the doors for a rally to $116,654.

Hyperliquid price prediction

Hyperliquid (HYPE) has broken above the $35.73 resistance, indicating that the bulls have kept up the pressure.

HYPE/USDT daily chart. Source: Cointelegraph/TradingView

If the price sustains above $35.73, the HYPE/USDT pair could pick up momentum and surge to $42.25. Sellers will try to halt the up move at $42.25, but if the bulls prevail, the pair could skyrocket to $50.

Sellers are likely to have other plans. They will try to pull the price back below the breakout level of $35.73. If they do that, the pair could drop to the $32.15 support, where buyers are expected to step in. 

HYPE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair bounced off the 20-EMA and cleared the overhead barrier at $35.73. If the price remains above $35.73, it suggests that the bulls are trying to flip the level into support. The pair could then attempt a rally to $42.25.

This optimistic view will be negated in the near term if the price turns down sharply and breaks below the 20-EMA. That could trap several aggressive bulls, pulling the pair to $32 and subsequently to $28.50.

Monero price prediction

Monero (XMR) soared above the $391 resistance on May 21, indicating that the bulls remain in control.

XMR/USDT daily chart. Source: Cointelegraph/TradingView

The sharp rally of the past few days has kept the RSI in the overbought zone, suggesting that the bulls remain in command. If buyers maintain the price above $412, the XMR/USDT pair could resume its uptrend toward $456.

Sellers will have to yank the price below the $375 level to weaken the bullish momentum. That could attract selling by short-term buyers, pulling the pair to the 20-day EMA ($347). A break and close below the 20-day EMA suggests a short-term trend change.

XMR/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair is finding support at the 20-EMA, indicating that the bulls remain in control. If the price rises above $412, the uptrend could start the next leg of the uptrend to $456.

Alternatively, a break and close below the 20-EMA suggests that the bulls are rushing to the exit. That could tug the price to the 50-SMA, which is likely to witness buying by the bulls. A bounce off the 50-SMA could face selling at the 20-EMA. If the price turns down from the 20-day EMA, the likelihood of a break below the 50-SMA increases. The pair could then tumble to $332.

Related: What’s the HYPE about? Hyperliquid’s ‘Solana’ moment eyes 240% gains

Aave price prediction

Aave (AAVE) successfully held the retest of the breakout level of $240 on May 23, indicating demand at lower levels.

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The rising 20-day EMA ($231) and the RSI in the overbought zone show that the bulls have the edge. The AAVE/USDT pair could rally to the $285 level, which is expected to behave as a strong resistance. If buyers overcome the barrier at $285, the up move could extend to $300 and later to $350.

Any pullback is expected to witness solid buying at the 20-day EMA. If the price rebounds off the 20-day EMA, the bulls will again try to pierce the overhead resistance. The bears will be back in the game on a break below the 20-day EMA. 

AAVE/USDT 4-hour chart. Source: Cointelegraph/TradingView

The pair has pulled back to the 20-EMA, which is an important level to watch out for. If the price rebounds off the 20-EMA, the bulls will try to propel the pair above $285. If they succeed, the pair could rally to $300.

Conversely, if the price breaks below the 20-EMA, the pair could slide to the 50-SMA and later to $240. A bounce off $240 is expected to face selling at the 20-EMA. If the price turns down sharply from the 20-EMA, it increases the risk of a drop to $217.

Worldcoin price prediction

Worldcoin’s (WLD) recovery is facing selling at $1.65, but a minor positive is that the bulls have not allowed the price to dip below the 20-day EMA ($1.20).

WLD/USDT daily chart. Source: Cointelegraph/TradingView

The upsloping moving averages and the RSI in the positive territory indicate an advantage to buyers. If the price turns up from the current level or the 20-day EMA, the bulls will again attempt to shove the price above the $1.65 resistance. If they can pull it off, the WLD/USDT pair could rally to $2.50. There is resistance at $1.89, but it is likely to be crossed.

This positive view will be invalidated if the price turns down and breaks below the 20-day EMA. The pair could then decline to the 50-day SMA ($0.99).

WLD/USDT 4-hour chart. Source: Cointelegraph/TradingView

The bears have pulled the price below the 20-EMA, indicating the start of a deeper correction toward the 50-SMA. The bulls will try to start a rebound off the 50-SMA but are likely to meet stiff resistance at the 20-EMA. If the price turns down from the 20-EMA and breaks below the 50-SMA, the pair could plunge to $1.09.

The first sign of strength will be a break and close above the downtrend line. The pair could then rise to $1.52 and subsequently to $1.65.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Strategy co-founder Michael Saylor signaled an impending Bitcoin (BTC) purchase by the company amid the recent dip from the all-time high of $112,000 reached on May 22.

“I only buy Bitcoin with money I can’t afford to lose,” Saylor wrote to his 4.3 million followers in an X post.

The company’s most recent purchase of 7,390 BTC on May 19, valued at nearly $765 million, brought Strategy’s total holdings to 576,230 BTC.

If Strategy completes the acquisition on May 26, it will mark the company’s seventh consecutive week of Bitcoin purchases.

Strategy’s Bitcoin purchases over time and major metrics. Source: SaylorTracker

Strategy has become synonymous with Bitcoin, as the company continues stacking large amounts of BTC for its corporate treasury and inspiring other companies to pivot to a Bitcoin treasury plan, creating a sustained demand for the digital asset from institutional players and helping bolster the price of BTC.

Related: Jim Chanos takes opposing bets on Bitcoin and Strategy

BTC to propel Strategy into a $10 trillion enterprise, leaving other companies in the dust?

Market analyst Jeff Walton recently said that Strategy may become a $10 trillion company and potentially command the title of the most valuable publicly traded corporation in the world due to its growing Bitcoin stockpile.

“Strategy holds more of the best assets, and the most pristine collateral, on the entire planet than any other company, by multiples,” Walton told the Financial Times in a documentary about the company.

The analyst added that most companies typically face challenges raising hundreds of millions of dollars in capital, but Strategy has been able to raise billions of dollars in under two months.

Whereas most companies would spend this capital to overhaul the production process or on operational costs, Strategy uses the depreciating fiat money raised from creditors and equity holders to purchase a rapidly appreciating asset for its balance sheet.

Michael Saylor previously forecasted that the price of Bitcoin would reach millions of dollars per coin in the coming decades, arguing that the supply-capped asset features an asymmetric upside against all fiat currencies that have no supply cap.

However, Bitcoin has struggled to reach the $150,000 level in the short term. Saylor blamed the sluggish price action on investors taking profits prematurely and rotating out of BTC due to a lack of long-term conviction.

Magazine: Metric signals $250K Bitcoin is ‘best case,’ SOL, HYPE tipped for gains: Trade Secrets

Opinion by: Darren Carvalho, Co-Founder and Co-CEO of MetaWealth

During Paris Blockchain Week, Securitize Chief Operating Officer Michael Sonnenshein made headlines by dismissing real estate as a sub-optimal asset class for tokenization. This isn’t the first time crypto leaders have underestimated the merits of bringing real estate onchain, and it is likely not the last. While I respect Sonnenshein’s contributions to digital asset adoption, his assessment misses fundamental points about real estate tokenization’s transformative potential.

Real estate represents the world’s largest asset class and is projected to reach a value of $654.39 trillion this year, according to Statista. When industry leaders claim that this massive market isn’t suitable for tokenization, they overlook today’s transformative infrastructure and the core value proposition that extends far beyond liquidity, transforming access to the asset class.

Replacing traditional foundations

Sonnenshein argues that “good systems” already exist for traditional assets. He implies that tokenization offers marginal improvements at best, but this assessment overlooks fundamental inefficiencies in today’s real estate market that tokenization addresses.

The current real estate transaction process involves weeks of paperwork. Within the UK, there are a number of purchasing fees which can easily add 10% to the total bill. Settlement periods can extend to months and complexity multiplies exponentially for cross-border transactions.

These aren’t minor flaws. They’re systemic failures that tokenization technology is uniquely positioned to solve. Take smart contracts’ ability to automate compliance, for instance, enabling verification and payment distribution while reducing fraud through immutable record-keeping.

Redefining demand beyond liquidity

When Sonnenshein says “the onchain economy is demanding more liquid assets,” he misinterprets what everyday investors truly demand. For the 99% excluded from institutional-grade real estate investments, the primary task is not Bitcoin-like liquidity; it’s meaningful access to an asset class that has built more wealth than any other over the past century.

Traditional real estate investment vehicles require significant sums as minimum investments, accredited investor status and multi-year capital lockup periods. These barriers effectively exclude teachers, nurses and middle-class families from participating in prime real estate properties that have historically delivered consistent returns for investors.

Recent: Dubai Land Department begins real estate tokenization project

Tokenization fundamentally changes this equation. Fractionalizing ownership through tokenization, investors can now participate with as little as $100, receive proportional income distributions and eventually trade their positions on specialized secondary markets. The demand for this democratized access is enormous, even if secondary market liquidity initially lags behind liquid markets.

Translation problems? Not quite

Sonnenshein also suggests that tokenization does not “translate well” to representing ownership in real estate. This assessment overlooks the blockchain’s revolutionary capability to enable fractional investments in properties that were previously accessible only to institutional investors.

Tokenization technology excels precisely at creating transparent, secure fractional investment opportunities with minimal overhead. A $50 million residential development project can be divided into 500,000 tokens, each getting an equal share of the rental income and potential appreciation. This dramatically lowers barriers to entry while maintaining the core benefits of real estate as an asset class.

This fractionalization fundamentally transforms how people can build wealth through real estate. Previously, REITs offered the only realistic path to diversified property exposure, often with high fees, no control and limited transparency. Tokenization allows investors to build personalized portfolios across multiple property types, all managed through a single digital wallet.

What does not “translate well” isn’t the technology. Outdated regulatory frameworks and incumbent business models resist this necessary evolution. The UAE government recognizes this reality, supported by its recent initiative to tokenize $1 billion in real estate assets.

Building tomorrow’s infrastructure

The conservative stance on RWA growth projections misses the accelerating infrastructure development underway. BlackRock’s tokenized money market fund BUIDL is quickly approaching $3 billion in assets, demonstrating a significant institutional appetite for tokenized investment vehicles. This isn’t an isolated case.

UBS Asset Management, Hamilton Lane, Franklin Templeton and many more have launched tokenized investment vehicles, signaling a fundamental shift in how traditional finance views tokenization technology.

What critics consistently underestimate is the network effect of financial infrastructure. Each institutional entrant doesn’t just add linearly to the ecosystem. It exponentially increases connectivity and liquidity pools. We’re witnessing the early stages of a self-reinforcing cycle where each new participant reduces friction for subsequent entrants.

The narrative shouldn’t center on current limitations. Instead, there should be a spotlight on what’s being built. Secondary marketplaces optimized for real-world assets are emerging, regulatory clarity is increasing in key jurisdictions, and each development strengthens the foundation for mass adoption at a pace that will likely surprise today’s skeptics.

Democratized wealth creation

Institutional investors have enjoyed privileged access to the most profitable real estate investments for decades, while retail investors were limited to residential properties or high-fee REITs. Tokenization breaks this paradigm by allowing anyone to build a diversified property portfolio spanning commercial, residential and industrial assets across multiple geographies.

When crypto leaders dismiss real estate tokenization based solely on liquidity metrics, they apply the wrong measurement standard. The transformative potential lies in democratizing access to an asset class that has created more millionaires than any other investment vehicle in history.

The endgame of real estate tokenization is making institutional-grade property investments accessible to everyone. The adoption of tokenized real estate and other real-world assets will continue to grow despite skepticism from executives who miss the forest for the trees.

Opinion by: Darren Carvalho, Co-Founder and Co-CEO of MetaWealth.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.