Technical Analysis

Terra Classic (LUNC) is retesting the $0.000072 area after a 69.7% surge to a swing high of $0.000123. A further pullback of roughly 13% to 25% could still leave the broader bullish structure intact, with $0.000066 and the $0.00004–$0.00005 demand zone highlighted as potential downside levels.

XRP Ledger usage accelerated as XRP moved above $1.54 and tested $1.55, with on-chain metrics showing a notable jump in participation. The network recorded 48,453 active wallets and 3,317 new wallets, while large holders later reached a record share of supply as XRP traded around $1.43 at the time of writing.

XRP is hovering around $1.46–$1.48 and continues to struggle with the $1.50 resistance zone. Binance’s Estimated Leverage Ratio for XRP has risen to about 0.179, the highest level in nearly two months, increasing the chance that the next breakout or rejection could be amplified by liquidations. Technical levels in focus include support near $1.30–$1.35 and overhead resistance around the 200-day moving average near $1.70.

On May 16, charts for Hyperliquid (HYPE), XRP, Toncoin (TON), Ethereum (ETH) and Shiba Inu (SHIB) show multiple assets compressing under nearby resistance zones. HYPE is holding above the 100-day MA near $40.7 with supply at $48-$50, while XRP needs sustained closes over $1.50 and ETH faces a ceiling around the 100-day MA near $2,340. TON is trying to defend $1.90-$2.00 after a spike to $2.9, and SHIB is working below $0.0000064-$0.0000065 as buyers protect support near $0.0000060.

Dogecoin (DOGE) has moved back into oversold territory as volatility rises and price action remains weak, with one analyst pointing to past instances where this condition aligned with cycle lows. On May 12, Cryptollica said DOGE entered the weekly RSI oversold zone and argued a base could be forming near $0.10, while his chart also shows a $5 upside target from around $0.115.

Bitcoin's whale-to-retail ratio has climbed to its highest level in nine months, while BTC has struggled for weeks to decisively clear $82,000. Separately, spot net purchases over the past 30, 60, and 90 days total $143.79 million, $783.13 million, and $2.17 billion, signaling cautious demand despite stronger whale participation.

Large XRP wallets have lifted holdings to 45.8 billion tokens, valued at over $68.5 billion, while the token's price has stayed largely range-bound. XRP has struggled to break above $1.5 since Q2 started and has traded between $1.3 and $1.6 through the first half of 2026. Options markets on Deribit implied just a 2% probability of XRP clearing $2 by the end of May.

Bitcoin has struggled to break above the $82,000–$82,100 area after three rejected attempts, with price recently trading around $80,400. Analyst Axel Adler argues the ceiling is reinforced by short-term holders selling into rallies as SOPR nears the 1.0 breakeven level. He says a sustained move of the seven-day SOPR average above 1.0 for several consecutive days would be a key sign the pattern is changing.

Cardano (ADA) drew fresh bullish attention after chartist Celal Kucuker said on May 14, 2026 that its long-term structure looks "beautiful" and leaves a clean route toward $4. He highlighted $1 as a key breakout level and pointed to a potential $4.21 zone, while ADA traded around $0.2668 at the time. Separately, data cited from Santiment shows wallets holding at least 1 million ADA control about 67.47% of supply, or roughly 25.09 billion tokens, the highest concentration since mid-2020.

Ethereum (ETH) has given back most of its earlier-month gains as broader selling pressure returns. Analyst Ali Martinez says a weekly TD Sequential sell signal is active, with potential supports at $1,900, $1,565 and $1,090, while $1,071 is framed as a possible buy zone. Separately, US spot Ethereum ETFs posted four straight outflow days from May 11 to May 14, including $130.6 million on May 12.