Monero (XMR) broke above its September peak near $635 on Friday, trading near $629 with a relative strength index close to 70, even as the wider crypto market stayed under pressure. Bitcoin (BTC) changed hands near $81,500 after being rejected at $84,000, while Stellar (XLM) sat near $0.1777 below all of its major moving averages and Hyperliquid (HYPE) tested key support near $77.60 after a 20% drop.

The split leaves Monero as one of the strongest charts in the market right now, while the other three assets covered in Friday's analysis all show sellers in control of the short-term trend. For traders, the session is a test of whether key support levels at $80,000 for Bitcoin, $0.172 for Stellar and $77.60 for HYPE can hold into the weekend.

Monero Clears Its September Peak

The main development for Monero is the push through the September peak, which sat near $635. That level had capped the price in mid-September, and XMR now trades above it. Confirmation of the breakout would come from a daily close over this zone.

The coin traded in a daily range between $604 and $656, and the push to $656 met some selling, leaving an upper wick on the day's candle. That wick suggests sellers are active near this level, a small warning sign but not enough to call the trend broken. Trading volume has picked up over the past few days, lending support to the breakout.

Monero has more than doubled from its July low near $300, and the upward trend remains intact. Every major moving average slopes higher and sits below the current price, with the short-term averages near $565 and $548, the medium one near $538 and the longer ones near $492 and $443. How far the price has stretched above those long averages underlines the speed of the rally.

The RSI near 70 puts Monero at the edge of overbought territory, meaning the move is strong but may pause or cool down. Trends of this strength typically revisit the faster averages before resuming higher, and the $565 to $540 area is the first place where buyers may step in.

On the upside, $656 is the first target, followed by $700, with the January high near $800 standing as the next major barrier. Should the price retreat, initial support lies at $565, followed by $540 and then $490. As long as XMR holds above $635, buyers stay in control, while a fall back below it could turn the breakout into a failed move.

Bitcoin Rejected at $84,000

Bitcoin began the session around $84,000, reached an intraday high of $84,294 and subsequently fell as low as $81,483, leaving it trading near $81,500. The red candle erases the previous day's gains and suggests sellers are still active above $84,000.

Since mid-September, Bitcoin has moved in a wide range, with the top near $87,000, where the price failed twice, once in September and again in early October. Buyers defended the area around $80,000 when the month began, and the price has now drifted back toward that lower boundary. Each bounce has been weaker than the last and the highs are getting lower, a small sign of fading strength.

The shorter averages are bunched between $80,800 and $82,500, and Bitcoin is sitting right on top of them, making this region the market's first cushion against further losses. Further down, the longer averages near $77,400 and $76,100 continue to climb. All of the averages point up, which keeps the larger trend positive since the August rally, though the large gap above the long averages means a deeper pullback is possible without breaking the trend.

Momentum has slowed from the strong readings seen in late August and September, and volume is average, with no sign of panic selling. Support begins at $80,800, then $80,000 and then $77,400. A daily close below $80,000 could push the price toward the $77,000 to $76,000 zone, while on the upside Bitcoin needs to climb back above $84,300 to challenge $87,000. For now, $80,000 is the most important level, and as long as it holds, the range remains intact.

Stellar Slides Toward Range Lows

Stellar is moving in the wrong direction for now. XLM trades near $0.1777 on Binance, down from an open of $0.1838, with a tight daily range between $0.1768 and $0.1845. Buyers have not been able to sustain any bounce.

The price has fallen from approximately $0.237 in late September to the current level, a drop of approximately 25%. XLM now sits below all of its major moving averages, which are clustered between $0.19 and $0.196, and every attempt to move up will first need to clear this area. Until that happens, rallies are more likely to fade than to turn into a trend.

The nearest support is $0.172, where the price bounced earlier this week. That low has held so far, but the price is sitting only approximately 3% above it. A clean break below it might open the way to $0.17 and then to the August low near $0.1525.

The RSI is near 38, below the midpoint of 50, which suggests sellers have the upper hand, although it is not yet oversold, so there is room to fall further. Volume has also stayed low in recent weeks, meaning few traders are showing strong interest, which keeps the price stuck in a slow drift.

If XLM bounces, the first target is $0.19, followed by $0.20 and then $0.22, and a move back above $0.19 would be the first sign that the downtrend is ending. If it fails to hold $0.172, the price could slide toward the lower end of its summer range. For now, the safer view is that XLM needs a strong volume spike before the trend changes.

Hyperliquid Tests Key Support

HYPE trades near $78.17 on Coinbase, after opening at $80.64 and falling to a low of $77.69. The price is now approximately 20% below the late September top near $98.

After reaching nearly $98, HYPE has made a series of lower highs. A bounce to $95 in early October failed, and the price has fallen nearly every week since, with sellers controlling the trend for approximately a month. The price is also below the short and medium moving averages, which sit between $82.5 and $85.8, an area that is now resistance that any bounce will first need to clear.

The moving average near $77.60 is now the key level, and HYPE is sitting almost on top of it. The price touched this area a few days ago and bounced, but the bounce was small and faded quickly. This is the third test in a short time, and each test of a support level makes it a bit weaker. A clean break below it would be a negative signal.

The RSI is near 40, which indicates weak momentum but not oversold conditions, so there is still room to fall before buyers might be expected to react. Volume has dropped to low levels, so neither side is showing strong conviction.

If $77.60 fails, the next support is near $75, the low from earlier this month, and below that the long average near $65.50 is the next major area, which would mean another 15% drop. On the upside, HYPE needs to reclaim $82.50 to turn the short-term picture around, with $85.80 and $90 the next targets after that. The long-term trend is still up, since the price remains well above the long average, but in the short term buyers must defend $77.60 to avoid a deeper pullback.

Key Levels to Watch

Friday's analysis leaves four clear lines on the chart. For Monero, the breakout holds as long as the price stays above the old September peak near $635, with $656 and then $700 as the next upside targets. For Bitcoin, the $80,000 level is the floor of a range that has contained the price since mid-September.

For Stellar, the $0.172 support is the level that separates a slow drift from a slide toward the August low near $0.1525. For Hyperliquid, the $77.60 moving average is being tested for the third time, and a clean break below it would expose $75 and potentially the long average near $65.50.

Conclusion

Friday's session split the four assets into one breakout and three assets under pressure. Monero moved above its September peak near $635 and now needs a daily close above that area to confirm the move, with buyers in control while the price holds above it. Bitcoin, Stellar and Hyperliquid all sit at or near important support, with $80,000, $0.172 and $77.60 the levels that decide whether the current pullbacks deepen. The next concrete test for each chart is whether those supports hold through the coming sessions.

Frequently Asked Questions

What price did Monero (XMR) break above on Friday?

Monero broke above its September peak near $635 on Friday and traded near $629 with an RSI close to 70. That level had stopped the price in mid-September. A daily close above this area would confirm the breakout, and as long as XMR holds above $635, buyers stay in control.

What is the key Bitcoin support level after the $84,000 rejection?

Bitcoin traded near $81,500 after being rejected at $84,000, and the key support is $80,000, the bottom of a range that has held since mid-September. A daily close below $80,000 could push the price toward the $77,000 to $76,000 zone, while a move back above $84,300 is needed to challenge $87,000.

Why is Hyperliquid (HYPE) testing the $77.60 level?

HYPE traded near $78.17 on Friday, approximately 20% below its late September top near $98, and is sitting almost on top of the moving average near $77.60. This is the third test of that support in a short time, and each test weakens it. A clean break below would be a negative signal, exposing $75 next.

How far has Stellar (XLM) fallen since late September?

Stellar has fallen from approximately $0.237 in late September to near $0.1777, a drop of approximately 25%. XLM sits below all of its major moving averages, clustered between $0.19 and $0.196, with the nearest support at $0.172. A break below that level could open the way to $0.17 and the August low near $0.1525.

What are Monero's next price targets if the breakout holds?

If Monero holds above $635, the first upside target is $656, the level it tested and pulled back from during the day, followed by $700. The January high near $800 is the major resistance above. On the downside, the first support is $565, then $540 and $490.

Sources

• Monero (XMR), Stellar (XLM), Bitcoin (BTC) and Hyperliquid (HYPE) Price Analysis for October 23: Volatility Is Back, but Market Is Depressed