Bitcoin slides beneath $64,000, dragging BCH, HYPE and PUMP lower

• Bitcoin Cash slipped below the $500 mark on Tuesday, extending losses after plunging 13% in the previous session.
• Hyperliquid fell another 1% on Tuesday, marking its fourth straight day of declines following Monday’s sharp 9% drop.
• Pump.fun also came under pressure, sliding beneath a key psychological support level after tumbling 11% on Monday.

Altcoins such as Bitcoin Cash (BCH), Hyperliquid (HYPE), and Pump.fun (PUMP) have led declines over the past 24 hours as Bitcoin slipped below the $64,000 level on Tuesday. Technical indicators for BCH, HYPE, and PUMP point to further downside risks amid broad-based market selling.

The wider cryptocurrency market remains under strain as Donald Trump explores new legal avenues, citing national security concerns, to introduce additional tariffs. Meanwhile, U.S. equities ended Monday’s session in negative territory, adding to the cautious tone across risk assets.

CoinMarketCap’s Fear and Greed Index has dropped to 11, signaling extreme fear in the market and underscoring that sellers remain firmly in control.

Bitcoin Cash slips beneath the $500 mark

Bitcoin Cash was trading below the $500 level on Tuesday, extending losses after plunging 13% in the prior session. The altcoin has slipped beneath its 200-day Exponential Moving Average (EMA) at $544, while the 50-day EMA — now trending lower at $555 — is approaching a potential death cross formation.

Technically, the path of least resistance appears tilted to the downside, with the next key support seen around $443, corresponding to the October 17 low.

Daily chart indicators reinforce the bearish momentum shift. The Relative Strength Index (RSI) has dropped to 36, edging closer to oversold territory as selling pressure intensifies. Meanwhile, the Moving Average Convergence Divergence (MACD) has crossed below its signal line, signaling a bearish crossover.

BCH/USDT

If Bitcoin Cash reclaims the $500 psychological barrier with a strong daily close above it, selling pressure could begin to fade, potentially paving the way for a rebound toward the 200-day EMA near $544.

Hyperliquid retreats amid mounting downside momentum

Hyperliquid was trading below $26 on Tuesday, extending losses after falling 9% in the previous session. The HYPE token has now declined for a fourth straight day and remains well under both its 50-day EMA at $29.08 and 200-day EMA at $32.37, reinforcing a bearish outlook.

On the daily chart, the Relative Strength Index (RSI) stands at 38 and continues to trend lower, with further room before entering oversold territory. Meanwhile, the Moving Average Convergence Divergence (MACD) and its signal line are steadily declining, with widening bearish histogram bars signaling strengthening downside momentum.

Immediate support levels are seen at $23.58, marking the December 21 low, followed by $20.82, the October 10 low.

HYPE/USDT

On the upside, Hyperliquid would need to break back above its 50-day EMA at $29.08 to revive short-term bullish momentum and signal the start of a potential recovery.

Pump.fun slides toward all-time low amid heavy selling

Pump.fun was trading around $0.001800 at the time of writing on Tuesday, after tumbling 11% in the previous session. The meme-coin launchpad token has continued its broader downtrend since late September and is now eyeing support at $0.001678 — a level that previously sparked a rebound on February 6.

A firm break and close below this support could open the door to further losses toward the S2 pivot at $0.001199.

Momentum indicators point to mounting downside pressure. The Relative Strength Index (RSI) sits at 37, hovering just above oversold territory and reflecting persistent selling interest. Meanwhile, the Moving Average Convergence Divergence (MACD) and its signal line have resumed a downward trajectory following a bearish crossover on Monday, indicating renewed negative momentum.

PUMP/USDT

If Pump.fun climbs back above the S1 pivot at $0.001945, it may pave the way for a move toward the 50-day EMA near $0.002300, potentially easing near-term bearish pressure.

Sources: Vishal