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Hyperliquid and Zcash lead altcoins but face pullback risks amid crowded sentiment and overbought signals.

Technical Signals
22 May 2026
Crypto news
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Neutral
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Hyperliquid surged to a new all-time high near $62.18, driven by ETF demand and social media attention, but analysts warn of potential pullbacks due to overbought indicators and resistance near $60. Zcash doubled in value over 30 days, approaching a key $700 resistance level, supported by institutional buying and regulatory relief, yet faces risks of a larger correction with sell signals emerging. Both assets show strong momentum but traders should watch for signs of reversal amid stretched market conditions.

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