HYPE, LAB, VVV: June's Top Altcoins Poised for Breakouts and Reversals
Three altcoins are flashing critical signals heading into June. Hyperliquid (HYPE) is breaking out to new highs, while LAB is on a tear. Venice Token (VVV) shows signs of topping out.
Hyperliquid (HYPE) is on fire, smashing through its previous all-time high and now targeting $83. Volume is contracting as price grinds higher, a classic sign of sustained strength. The RSI is bullish, and there's no sign of a top yet. A close below $59 would be a major red flag, but for now, it's clear skies ahead.
LAB is another rocket ship, up 62% in 24 hours and closing in on its third Fibonacci target at $14.34. This BNB Chain token has left its previous ATH in the dust. The RSI is screaming overbought, but without bearish divergence, the rally could still extend. Watch for a rejection at $14.34, which could send it back to the breakout zone near $7.51.
Venice Token (VVV) is showing weakness. It's stalled below resistance at $21.55, printing lower RSI peaks on three consecutive attempts. This is a textbook bearish divergence. Volume is drying up, signaling fading buying interest. A confirmed lower high below $21.55 could trigger a deeper correction, potentially back to the $10 support zone.