CRO, NMR, and HYPE three major coins are all exploding, Trump Media Group and JPMorgan's positive news resonates throughout the crypto world!

On August 27, the crypto market welcomed a strong rise in three major focus coins: Cronos (CRO), Numeraire (NMR), and Hyperliquid (HYPE). Driven by significant positive news and market momentum, the three respectively reached annual highs, experienced a big pump of over 100%, and broke historical records, making them the standout performers of the day.

Cronos (CRO): Pushed by Trump Media Group, hits new annual high

(Source: Trading View)

Trump Media Group announced a partnership with a large CEX to establish a CRO financial company, initiating a financing amount of up to 6.42 billion USD, including 1 billion CRO (approximately valued at 6.3 billion USD), 200 million USD in cash, 220 million USD in warrants, and 5 billion USD in credit.

Price Performance: After the announcement, CRO surged to a new annual high of $0.21, currently reported at $0.20, with a daily pump of 3.57%.

Technical Analysis: RSI reached 76, entering the overbought area; MACD shows a bullish crossover, indicating strong upward momentum.

Target level: If the pump continues, the next resistance is at 0.23 USD (last year’s December high).

Numeraire (NMR): JPMorgan’s $500 million investment commitment ignites the market

(Source: Trading View)

According to a report by Bloomberg, the crowdsourced quantitative fund Numerai has received an investment commitment of up to $500 million from JPMorgan Asset Management, which will be activated next year.

Price performance: NMR has experienced a big pump of over 100% today, currently continuing its pump to $17.80, with an additional 10% increase during the day.

Technical analysis: RSI reaches 82, indicating strong overbought conditions; if momentum continues, it may challenge the weekly resistance level of $22.29.

Hyperliquid (HYPE): Breakthrough historical high, entering price discovery mode

(Source: Trading View)

HYPE has gained support at the 50-day EMA ($42.44) and has risen for three consecutive days, with a cumulative increase of nearly 14%, breaking the historical high of $49.88 after a 13% increase on Tuesday.

Price performance: Currently continuing to rise, targeting the psychological barrier of 60 dollars.

Technical analysis: RSI rises to 61, MACD shows a bullish crossover, momentum is solid.

Risk level: If there is a pullback, the 50-day EMA ($42.92) serves as key support.

Conclusion

The strong pump of CRO, NMR, and HYPE indicates the market’s quick reaction to positive news and the high enthusiasm for capital chasing. In the short term, the technical outlook for all three is bullish, but the high RSI suggests there may be short-term volatility or pullback risks. For investors, closely monitoring key support and resistance levels will be crucial for grasping the subsequent market trends.