Signs are mounting that the long-awaited crypto bull run is finally taking shape. Bitcoin (BTC), the market bellwether, is flashing a major technical pattern that analysts say could trigger explosive price action. With BTC now breaking above the upper boundary of its cup-and-handle formation and nearing a historic 8-year resistance trendline, analysts project a possible surge to at least $143,000. This momentum is expected to carry altcoins higher, and several are already showing significant strength.
Below are the top altcoins poised to benefit as the market heads into bull territory.
Hyperliquid (HYPE)
Hyperliquid (HYPE) is rapidly becoming a standout performer. Up more than 342% since its April low, the token is now trading close to its all-time high, fueled by massive growth in the perpetual futures market. Over the past 30 days, the Hyperliquid protocol processed more than $245 billion in trading volume.
May alone saw $65.5 million in protocol revenue, a sharp rise from $43.3 million in April. This robust growth, combined with increasing staking yields and strong market traction, has helped HYPE invalidate a bearish double-top at $39.96. The breakout suggests further upside is likely as long as volume and revenue trends remain intact.
Uniswap (UNI)
Uniswap (UNI), a pillar of the decentralized finance (DeFi) sector, is showing renewed strength amid surging user activity and fee generation. The platform handled $92.8 billion in volume in the last 30 days and generated $95 million in fees for May up significantly from $60 million in April.
The rise of Uniswap’s Unichain has also contributed to its momentum, with over $9.5 billion in DEX volume and nearly $1 billion in total value locked (TVL). Its stablecoin market cap now sits at $320 million, underlining strong demand.
UNI recently broke above key resistance at $7.54, reclaiming territory lost in May. If this move holds, analysts point to the next technical target at the $11.97 level, corresponding to the 50% Fibonacci retracement level.
Ethereum (ETH)
Ethereum (ETH) remains a top contender amid rising institutional interest and favorable technical setups. Inflows into spot ETH ETFs continue to climb, and the network just recorded an all-time high in staking balance at 34.65 million ETH.
From a technical standpoint, Ethereum has formed a bullish flag pattern, with a potential breakout target of $4,100. Additionally, a golden cross has formed, where the 50-day moving average crosses above the 200-day MA often considered a precursor to a sustained rally.
Combined with rising ETF inflows, strong staking participation, and a solid DeFi foundation, Ethereum is well-positioned to benefit from Bitcoin’s breakout and the broader market rally.
Final Thoughts
As Bitcoin inches closer to breaking a critical 8-year resistance trendline, the market sentiment is turning decisively bullish. The technical outlook and on-chain fundamentals suggest that a sustained crypto bull run may already be underway. Altcoins like Hyperliquid, Uniswap, and Ethereum are not just participating they’re leading the charge.
With institutional money flowing in and technical breakouts across the board, the coming weeks could mark the beginning of a powerful uptrend across the crypto ecosystem.
