Solana (SOL) has recorded a significant rally over the past week, reclaiming the $160 area and attempting to hold its last major resistance. Some analysts suggest that if bullish momentum continues, the altcoin will run to new highs once this level is recovered. Related Reading: 2025 Crypto Thefts Spike: Stolen Funds Hit $2.7 Billion In H1– Report Solana Attempts $180 Reclaim As the crypto market capitalization nears the $4 trillion mark and Bitcoin (BTC) makes new all-time highs (ATHs), Solana, one of the leading altcoins of this cycle, is retesting crucial levels after climbing nearly 10% over the past week. The cryptocurrency has been compressing between two key levels since the Q2 recovery, trading between the $140-$180 mark for over two months. However, last month’s geopolitical tensions saw SOL briefly lose its local range and retest the $120-$130 area. Amid the July rally, Solana has reclaimed its local range, climbing to the upper boundary and attempting to break above key $180 resistance. Analyst Crypto Jelle noted that, just like Ethereum’s (ETH) $4,000 barrier, this area is the “final major level for bears to defend.” This has been a key level during this cycle, serving as a major bounce area during the Q4 2024 and early 2025 rally. Additionally, it became the most crucial resistance after losing this area in late February, with multiple failed attempts to reclaim it over the past months. Reclaiming this level could propel the token to the $200 mark and set the stage for a continuation to higher levels, the analyst affirmed. Meanwhile, market watcher Froggy highlighted that Solana retested this key zone on Friday, “signaling strong bullish intent.” Nonetheless, the altcoin fell below this level after hitting its two-month high of $184, trading within the $177-179 price range for the past several hours. To the analyst, “as long as $168 holds, a move toward $186–$188 remains likely.” SOL Preparing For Price Discovery? According to Daan Crypto Trades, if SOL breaks above and holds the crucial level, the next area of interest would be around the $220 mark, followed by the $260 barrier. The trader explained that SOL reclaimed the Daily 200 Moving Average (MA) and Exponential Moving Average (EMA) earlier this week, which led to the ongoing retest of the $180 area. He also noted that memecoins are “running well” as SOL-based tokens in the sector have seen a 13.3% weekly increase, according to CoinGecko data. “That generally puts some bid behind SOL,” Daan said, adding that, “As long as memes run, I think SOL does too.” Meanwhile, crypto analyst Alex Clay highlighted that the cryptocurrency has been in a bullish megaphone formation for over a year, and “Once Large Caps catch the Real Bull Run,” Solana will lead the market. During this period, SOL has traded between the upper and the lower boundary, with its latest retest of the pattern’s support occurring in April. Since then, the cryptocurrency has bounced toward the mid-zone of the formation, holding the 50-day EMA, 100-day EMA, and 200-day EMA as dynamic support. Related Reading: Crypto Relief: House Advances GENIUS, CLARITY, Anti-CBDC Bills After Narrow Vote If it continues to move between the pattern’s boundaries, Solana could be poised for a breakout toward the megaphone’s ascending resistance, at around the $350 level. To the analyst, “Breakout of ATH and Price Discovery is inevitable,” with the initial targets sitting around $350-$400. As of this writing, SOL trades at $177, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
SUI is attempting to reclaim a crucial resistance level after its massive performance over the past few weeks. As it breaks out of a triangle formation, some analysts suggest that a rally to a new all-time high (ATH) could be around the corner. Related Reading: Top Crypto Exchanges Made $172 Million From TRUMP Memecoin Listing – Report SUI Breaks Out Of Multi-Month Pattern On Tuesday, SUI broke above the $4.00 resistance for the first time since May, hitting a two-month high of $4.10. The altcoin has seen an 81% surge over the past three weeks, recovering from the June retracement and setting up for a rally continuation. Notably, SUI ended its multi-month downtrend at the end of March, breaking above its descending resistance and jumping to its $4.29 high in May. Following the Q2 breakout, the cryptocurrency has been trading within the $2.33-$4.10 range. However, last month’s market pullback sent the token from its key $3.00 mid-range support to its three-month low of $2.22 before the recent recovery. Since then, SUI has reclaimed the mid-range area and skyrocketed toward the range high as Bitcoin’s (BTC) ATH rally leads the market. Over the past 24 hours, SUI has soared nearly 15% from the $3.50 support toward the $4.00 resistance, breaking out of a triangle formation and potentially setting the stage for a massive breakout. Analyst Ali Martinez affirmed that the altcoin’s bullish price action could push its price to a new ATH as it has broken out of a multi-month symmetrical triangle pattern over the past few days and attempts to turn the next key level into support. According to the market watcher, SUI finally broke above the descending resistance after reclaiming the $3.50 area on Monday and could target a 140% move to the $7.60 area if there’s a spike in buying pressure. Similarly, analyst Nebraskangooner highlighted that reclaiming the $4.00 resistance will propel the cryptocurrency to a new ATH. This level has been a crucial support since the Q3 2024 rally and a key resistance area after the early 2025 pullbacks. Is A Double-Digit Rally Coming? Crypto Bullet noted that SUI has entered its Wave 3, which eyes a double-digit target for the cryptocurrency. The analyst previously explained that the altcoin had a “clear 1-5 impulse off the April’s low – higher degree Wave (1),” before entering the corrective Wave 2 between late May and Early June. However, “Wave 2 took longer and went deeper than expected (obviously due to the situation in the Middle East).” After the recent breakout, SUI has entered the long-awaited Wave 3, with a 51% increase so far, and a target above the $10 mark, the analyst detailed. Additionally, he pointed to SUI’s trading pair against Solana (SOL), as the weekly chart “Looks like a breakout is imminent.” The altcoin is currently retesting a crucial resistance level against SOL, which could lead to a breakout to the 0.0470 area. “In the coming weeks, SUI will just crush Solana,” Crypto Bullet forecasted. Related Reading: Unraveling The Bitcoin Boom: Experts Decode Record $123,000 Surge Meanwhile, Crypto Kaleo affirmed that the cryptocurrency has continued its bounce on its trading pair against BTC. At the start of the month, the analyst highlighted that SUI had bounced from its BTC and USD pairs, becoming one of the leading altcoins. “BTC ratio chart looks ready to rip out of the wedge it’s been accumulating in since the beginning of 2025. Up only,” he concluded. As of this writing, SUI is trading at $3.96, a 3% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier. Related Reading: Bitcoin Back In ‘Retesting Phase’ After Key Level Reclaim – The Calm Before The Storm? Solana Holds Key Support After recovering from last month’s downtrend, Solana has been attempting to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency traded between the $140-$180 range for two months, but briefly lost its post-breakout range in late June. Two weeks ago, SOL fell below the $130 area, hitting a two-month low of $126 on June 22. Since then, the altcoin has recovered, fueled by last week’s launch of a Solana staked crypto Exchange-Traded Fund (ETF) in the US by Rex Shares. Following the news, Solana’s price jumped toward the $160 resistance level but was rejected, hovering between the $145-$155 price range for the past week. On Tuesday, SOL fell below the $150 level, hitting the $147 support before bouncing. Analyst Ali Martinez noted that the $147.59 area is one of the most important support levels for Solana, as losing this level could trigger a pullback to the next key zone around the $141 mark. Similarly, market watcher Man of Bitcoin affirmed that SOL’s key support to maintain is around $141.91, adding that “a sustained break below this level would suggest that wave-C of (ii) is already underway.” The analyst previously warned that there is a potential scenario “with one more low in wave-5,” if the cryptocurrency doesn’t hold about the $148 mark. However, maintaining this support would build a base to target the local highs. SOL About To Retest $160? Analyst Carl Runefelt from The Moon Show affirmed that SOL is “about to break off” a triangle formation and test the $162 resistance. As the price compresses between the upper and lower boundaries, the analyst suggested that the cryptocurrency’s breakout is around the corner. Notably, Solana has been forming a one-week symmetrical triangle pattern in the daily chart. If the cryptocurrency successfully breaks above the $152-$153 zone, it could see a 10.87% jump toward the technical target of $167. The Cryptonomist highlighted that SOL broke out of a multi-day diagonal resistance on Sunday, which was retested and confirmed as support after bouncing around the $147 twice since the breakout. Related Reading: 50% Bitcoin Price Crash On The Horizon? Analyst Reveals $60,000 Target The analyst considers that the cryptocurrency is preparing for a continuation of its rally, targeting the one-week high and resistance of $160. Meanwhile, Crypto Jelle noted that despite the April downside deviation, Solana continues to trade within its $125-$180 Macro Range, currently hovering around the mid-range. To him, “it looks like it’s just waiting for BTC to break out. Once it reclaims $160, $200 should come quickly. Above there, new all-time highs are within reach.” As of this writing, Solana is trading at $151.51, a 3.6% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After achieving its highest weekly close to date, Bitcoin (BTC) is now attempting to confirm two crucial levels as support before continuing its rally to new highs. Some analysts have suggested that the cryptocurrency may be experiencing a “calm before the storm” phase. Related Reading: Brazil’s Central Bank Hacked—$40M In Crypto Washed In Aftermath Bitcoin Set For Key Support Confirmations Bitcoin managed to close above two crucial levels over the past few days, recording its highest weekly close in history. Last week, the flagship crypto positioned itself for a reclaim of its final major weekly resistance around $109,000 after nearing this area for four days. On Sunday, BTC surged above the key barrier and closed the week around the $109,200 mark, also successfully confirming its diagonal daily trendline as support. Now, the cryptocurrency is retesting the final resistance to confirm the breakout. Rekt Capital affirmed that the goal is to turn this resistance into support, as it could push BTC to new all-time highs (ATH). He explained that “given how price barely Weekly Closed above the final Weekly resistance, it offers very little chance for price to cleanly retest this level into support; that is, this retest is likely going to be a volatile one.” Nonetheless, the analyst noted that the cryptocurrency has significant High Timeframe (HTF) support beneath it that “should act as a demand area to springboard price into Price Discovery Uptrend 2 over time.” Notably, Bitcoin reclaimed and held the high zone of its re-accumulation range, around the $104,400 mark, as support over the past two weeks. Meanwhile, June Monthly Closed above the $102,464 level and retested it post-breakout “to enable this current July upside candle,” setting it as a monthly support. Additionally, the $107,244 level also emerged as a crucial area after last month’s close, driving BTC “back to its retesting phase.” BTC To Breakout After The Summer? Rekt Capital considers BTC’s current phase as “the calm before the storm,” adding that “for as long as the post-breakout retest will continue, Bitcoin will continue to be positioned for its second Price Discovery Uptrend.” However, he pointed out that it is currently locked between $104,400 and $111,000 levels so far this month. Daan Crypto Trader warned investors that the upcoming days could be crucial for BTC’s price action this month. He highlighted that Bitcoin has tended to set its monthly high or low within the first 12 days over 80% of the time, before price trends around 20% in the opposite direction. Remarkably, June was an exception after Bitcoin remained relatively stable with only small moves in each direction. Now, the analyst thinks it’s time to be “on the lookout again for any big move up or down within the first 12 days” to potentially determine BTC’s trend for the rest of the month. “For now, there has been little action in July yet,” Daan stated, but added that “technically, we’re still looking perfectly” around the current levels. He asserted that, with the slower pace during the summer, BTC could remain within its current range until a real move up begins at the end of Q3 and start of Q4. Related Reading: Analyst Predicts XRP Price Will Reach $20-$30 — Elliott Wave Theory Holds The Key The trader concluded that the cryptocurrency must officially break out of its range before investors get excited for “much higher later this year.” As of this writing, Bitcoin is trading at $107,973, a 1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst suggests that the flagship crypto’s daily close could set the stage for a bullish end of the week despite potential volatility. Related Reading: SUI Prepares For Bullish Flag Breakout Amid $3 Reclaim – Analyst Doubles The Target Bitcoin Breakout To Come ‘Sooner Or Later’ At the start of the new quarter, Bitcoin has retested crucial levels, touching the $105,000 support and $110,000 resistance over the past four days. Amid its Tuesday pullback, the flagship crypto fell to a two-week low but managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems previously noted that BTC needed a strong rebound from the “most important” support and resistance area, between the $104,000 and $106,000 price levels, explaining that failing to hold this range would open the door for a drop to the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s price action after holding the key levels, which “provided the perfect entry for a bounce, just as expected.” Following this performance, he asserted that Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling that potential further expansion is ahead. Nonetheless, he pointed out that the flagship crypto is still trading in a two-month range, suggesting a volatile price action until the price successfully breaks out, which it has attempted to do earlier this week. “Since we are in a range, we are forced to respect the key levels of the range: high, mid, and low,” Sjuul detailed, adding that all eyes are currently on the mid-range, where bulls must step in to confirm the bullish move to the range high. Based on this, the analyst forecasted another move above the $110,00 mark, where “we have left a lot of unfinished business” and “plenty of liquidity lies.” He pointed to a huge cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that “price is attracted by liquidity, so I am expecting that level to be visited sooner or later.” BTC Eyes Pivotal Closes After being rejected from the $108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin broke out of two 2-week downtrends in the past 40 days but was rejected from the crucial 6-week diagonal downtrend, around the $108,000 mark, during the same timeframe. This week, BTC closed above this resistance twice, and daily closed above the $109,000 mark on Thursday. However, Friday’s pullback saw Bitcoin drop below the crucial level, falling to the $107,245 area. The analyst considers that a key retest of the pattern is in progress. He previously explained that any dipping into the top of Bitcoin’s pattern could “technically be considered additional retesting to further solidify the recently broken black diagonal resistance into new support.” Nonetheless, BTC must close today above the diagonal resistance for a successful retest. “Bitcoin is losing the diagonal for the moment. But if price Daily Closes above the diagonal, then this will have ended as a downside wick as part of a volatile retest. Upcoming Daily Close will be pivotal,” he stated. Related Reading: Ethereum Eyes Key Resistance As Price Reclaims $2,550 – Here Are The Levels To Watch Meanwhile, Bitcoin is also on the cusp of making history as its price nears the “final major Weekly resistance” around the $109,000. Rekt Capital detailed that if BTC closes above this level, it would confirm a break from this major resistance, which would likely unlock a new all-time high (ATH). He concluded that, with the recent weekend volatility, “we won’t know until the very last moment heading into the new Weekly Close whether this level has been flipped into support or not.” Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum (ETH) has surged 7.5% in the daily timeframe to break above a key resistance level for the first time in weeks. Following its breakout, some analysts forecasted that a retest of the range highs could be around the corner. Related Reading: Bitcoin Holds Key Level Amid $108,000 Rejection, But Analysts Suggest Caution This Quarter Ethereum Reclaims Crucial Area On Wednesday, Ethereum jumped over 7% from its local low to the $2,550 mark, setting the stage to reclaim another crucial resistance. The King of Altcoins climbed from the $2,380 support to the $2,585 area, hitting a two-week high. The cryptocurrency has been trading between the $2,400-$2,800 price range since the early May breakout, but briefly lost this area after failing to hold the $2,550 support two weeks ago. After recovering its local range, ETH struggled to break past the $2,500 barrier, trading between the range low and this resistance for a week. Nonetheless, today’s market recovery, which also saw Bitcoin jump to the $109,600 mark, has sparked bullish sentiment among investors. Amid today’s performance, Daan Crypto Trades called ETH’s price action a “nice move out of the local range.” However, he suggested that bulls must hold the $2,520 area to confirm it isn’t another deviation or liquidity grab in a “bigger chop.” To the trader, failing to hold this area would send the cryptocurrency to the range lows again. As a result, the major levels to watch remain the $2,310 support and $2,735 resistance. Market watcher Merlijn The Trader noted that Ethereum has “respected support every single time,” forming “one of the cleanest breakouts we’ve ever seen.” He highlighted a three-month ascending triangle in ETH’s chart, pointing out that the King of Altcoins bounced from the rising support line during the recent price deviation and now targets the next key resistance around the $2,700 mark. Ethereum is charging up. Higher lows, strong base, bullish MACD crossover. A clean break of $2,700… and ETH will fly. $3,000 is just the beginning. The real move comes after that. ETH To Repeat ATH Set Up? Merlijn also affirmed that ETH’s two-year setup is repeating, which could signal that a massive breakout is coming. According to the chart, the Ethereum price has moved in stages that last about two years since 2018. During the first stage, the cryptocurrency’s price forms a base, which later leads to the second stage, where the price rejects and retests the base lows. Lastly, Ethereum experiences the liftoff phase, where the price breaks out to new highs. The last liftoff phase, between 2020 and 2022, saw ETH surge from the $100 mark to its $4,878 all-time high (ATH). To the trader, “This time we start from $1,500. Not a dip. A launchpad.” Similarly, analyst Kaleo pointed out the structural resemblance between ETH’s performance this cycle and last cycle. He noted that, while BTC hit a new ATH in December 2020, Ethereum was 60% down from its previous cycle highs, leading many investors to suggest it was “dead.” Related Reading: Solana Summer Loading? SOL Eyes $180 Following Staked ETF-Fueled Breakout Nonetheless, ETH climbed over 800% from there, outperforming Bitcoin’s 250% increase in the following months. This time, the cryptocurrency has also seen up to a 68% retrace from its previous ATH, while BTC soared to new highs. If history repeats, “The bottom for ETH is in. Up only from here,” the analyst concluded. As of this writing, Ethereum is trading at $2,568, a 6.1% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin (BTC) attempted to reclaim the $108,000 resistance level again but faced rejection as the third quarter (Q3) started, leading some market watchers to suggest caution for the upcoming months. Related Reading: Solana Summer Loading? SOL Eyes $180 Following Staked ETF-Fueled Breakout Bitcoin Holds Crucial Range Bitcoin’s price ended the second quarter with a retest of the $108,000 barrier before being rejected and closing Q2 and June around the $107,140 area, its highest monthly close in history. Despite the positive performance, the flagship crypto started July with a pullback toward the $105,000, hitting a one-week low of $105,623. Analyst Rekt Capital affirmed that this suggested BTC’s post-breakout retest is in progress, which would strengthen the cryptocurrency’s case for another leg up. The analyst previously explained that Bitcoin needed a weekly close above the $104,400 support after losing it, as reclaiming this area would solidify its price recovery and position the cryptocurrency for a retest and confirmation of this level. Additionally, it would continue building its base around this area to transition into BTC’s second Discovery Uptrend. According to the Tuesday analysis, the new weekly close suggests Bitcoin is positioned for another post-breakout retest. The analyst also noted that, in the past 40 days, BTC broke out of two 2-week downtrends but was rejected from the crucial 6-week downtrend, around the $108,000 mark, during the same timeframe. Sjuul from AltCryptoGems noted the rejection from this level, affirming that “it is mandatory for bulls to step in quickly and not allow the price to have too big of a dip.” The flagship crypto needs a “strong bounce from the most important support and resistance level, just at $106-104K,” which it has momentarily held. To the analyst, failing to hold this area would open the door for a bigger pullback, risking a drop to the Macro support between $101,000 and $102,000. He highlighted a big gap between the current support area and the Macro support, which formed on the recent price recovery. BTC Risks Massive Drop In Q3 Sjuul pointed out that below the $101,000 support, “there is not much to defend the price from falling much lower,” adding that the “historical quarterly return of BTC for Q3 has not been great, so this adds some extra caution to the picture we have taken from the chart.” Similarly, Daan Crypto Trades asserted that historical data shows that Q3 is generally the slowest period for Bitcoin and Ethereum (ETH) due to the decreasing activity, volume, and liquidity during the summer months. He added that, as a new quarter and month begin, BTC will likely see a “choppy start,” but Bitcoin is still consolidating within its current range and descending channel, suggesting that investors should give it time to “play out and watch for confirmations” of the direction it will take for the rest of the month. Related Reading: BitMine Stock Soars 700% After $250 Million Raise For Ethereum Treasury Nonetheless, analyst Ali Martinez gave a warning signal, as an indicator that had predicted “every major Bitcoin crash” has just appeared. Per Martinez, the Tom Demark Sequential indicator, a rare warning that has historically preceded violent pullbacks, flashed a sell signal in the quarterly timeframe. Notably, the same signal appeared in 2015 and 2018, with BTC retracing over 75% and 85% after the indicator flashed. If it follows its historical performance, the analyst forecasted that BTC could drop to the $40,000 mark this quarter. As of this writing, Bitcoin is trading at $105,901, a 1.16% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After breaking out of a bullish formation, SEI is attempting to reclaim a crucial level to continue its rally. Some analysts suggest that the cryptocurrency is preparing for another massive rally toward the $0.50 resistance. Related Reading: Bitcoin Next Price Discovery Coming? Analyst Shares BTC’s 2025 Roadmap SEI Leads Crypto Market As the market recovers from the recent pullback, SEI has soared from its local low and broken out of crucial levels. Earlier this week, the cryptocurrency pulled a nearly 100% rally from its 16% drop. Notably, SEI’s price followed the rest of the market last week and retested the $0.15 level, a support not seen since early April. Over the weekend, the altcoin recovered the crucial $0.20 area before jumping nearly 70% at the start of the week. Since then, the token has been hovering between $0.24 and $0.29, attempting to break out of the $0.30 resistance on Friday morning. Following this performance, analyst Sjuul from AltCryptoGems named SEI the “Bull of the week,” highlighting the cryptocurrency’s “beast mode” fueled by “the record on-chain activity of the token that has brought in new investors and whales” to the network after the breakout. Notably, the cryptocurrency is leading the top 100 cryptocurrencies list with a 43% weekly surge, surpassing the performance of market leaders Bitcoin (BTC) and Ethereum (ETH). Crypto Raven noted that SEI “has done a great job of breaking out as the market is looking very fresh right now,” suggesting the cryptocurrency could rally another 70%. Per the post, “if the market supports a bit more, we can very well reach $.5 from here. Back to the glory days of SEI.” Nonetheless, the market watcher considers that the altcoin could consolidate around the current area for a short period before continuing its rally toward the Q4 2024 levels. $0.28 Reclaim Needed For Bullish Continuation Analyst Nebraskangooner highlighted a four-month inverse Head and Shoulders (H&S) pattern on SEI’s chart, noting that it was confirmed after this week’s breakout. The cryptocurrency broke out of the formation’s neckline after Wednesday’s price action, pointing out that “anything down to key support would be a solid retest spot.” After the retracement to the $0.27 area, the cryptocurrency retested the neckline, which SEI must hold for bullish continuation. Notably, SEI’s price has held this level despite closing around the $0.25 mark on Thursday. Similarly, Michaël van de Poppe affirmed that SEI will likely continue to rally as a “massive” bullish divergence on its trading pair against Bitcoin suggests that the cryptocurrency’s price is reversing. Based on this, the analyst forecasted that investors could “see 300+ sats soon.” Related Reading: Solana Price At ‘A Very Delicate Level’ – Analyst Says $148 Reclaim Is Key Meanwhile, market watcher The Wyckoff Architect shared a Low Time Frame (LTF) analysis on SEI’s price action. To the analyst, a reclaim of the Fair Value Gap (FVG) at $0.285 will confirm bullish continuation, with the cryptocurrency consolidating before breaking out. On the contrary, failing to reclaim and hold this area would trigger a bear scenario and risk a drop to a new local low. As of this writing, SEI is trading at $0.28, a 12% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Cardano (ADA) has been struggling to hold some crucial levels over the month, falling to multi-month lows over the weekend. As the cryptocurrency attempts to hold a key support area, some analysts believe this make-or-break retest will determine its next big move. Related Reading: Bitcoin Wobbles? Metaplanet Buys Big, Breaks $1 Billion Mark Cardano To See More Bleeding Cardano is recording a 4.5% daily increase after bouncing from the $0.51 area on Sunday. Notably, ADA was in a downtrend following its 3-year high of $1.32 in December 2024, which ended after the late April breakout and May bullish rally. However, the cryptocurrency has struggled to hold its April-May range amid the June market pullback, losing the key $0.66 area ten days ago. Since then, Cardano has recorded seven consecutive red daily candles and fallen below the $0.60 support. Sjuul from AltCryptoGems suggested that Cardano’s rally will be halted unless some ground is recovered. According to the analyst, the cryptocurrency’s multi-month price action “ended up being a classic distribution schematic” after losing the $0.66 support. This would signal that ADA’s uptrend has ended and a potential downtrend is ahead. “As long as we don’t reclaim $0.66, just expect further downtrend from now on,” he asserted. Meanwhile, market watcher Man of Bitcoin highlighted the cryptocurrency’s June downtrend, affirming that if the price remains below the descending trendline, downward pressure will persist. He added that “One more low in wave iv is still possible,” hinting that a drop below the $0.50 could be on the horizon before the next wave up. Nonetheless, the analyst noted that “it should be a brief wick to the downside” as a “sustained break lower would weaken the bullish outlook.” ADA Retest To Trigger Rally To $1? Amid the ongoing global war tensions, ADA’s price retested the crucial $0.52 support on Sunday, hitting a four-month low of $0.51, before recovering and closing the week around the $0.54 mark. Market watcher Rose Premium Signals noted that a weekly close around the crucial $0.56 level would continue the possible double-bottom setup forming on ADA’s chart. The analyst added that a confirmed rebound from the $0.54-$0-56 area could send the price to the initial $0.99 target and set the stage for a climb toward the $1.20 and $1.50 resistances. On the contrary, failing to hold this area could see Cardano lose its six-month price range and retrace to the $0.32 level. Meanwhile, Crypto Billion affirmed that Cardano appears to be forming a potential triple bottom structure, which could lead to a bullish reversal. Related Reading: Ethereum Holds Critical Support – $2,350 Level Could Define The Next Move As the cryptocurrency retested the $0.50-$0.52 area over the weekend, the analyst highlighted that this key range had been held twice before since the November breakout. Additionally, he pointed out that ADA’s price appears to be trading within a multi-month falling wedge pattern, which suggests a breakout toward the $1 mark if the price climbs toward the upper boundary. As of this writing, Cardano is trading at $0.54, a 15.6% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Amid the geopolitical turmoil, Solana (SOL) has retraced 10% in the past week. Some analysts believe that the altcoin’s correction is about to end, but warned that a dip below a key support level might come first. Related Reading: SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 Solana Eyes Key Retest Before Breakout After retesting the $168 resistance last Wednesday, Solana has fallen back to a key level fueled by the recent market pullback. The cryptocurrency has seen a 15% retracement from its monthly highs, trading around the $140 zone for the past three days. SOL has been hovering between the $145-$180 price range since its May breakout, falling to the range lows during the June market shakeouts. Since then, the altcoin has struggled to reclaim the $160-$170 mid-zone. Nonetheless, market watcher Lluciano considers that Solana “may dip a bit more, but the ultimate target is seriously huge.” The analyst highlighted SOL’s performance since April, noting that it ended its multi-month downtrend after breaking above its descending resistance at the end of March. After this price action, SOL retested the $100-$120 demand zone before breaking out to its current range in the following weeks. Now, the altcoin’s chart displays a one-month falling wedge pattern, with the upper boundary sitting around the $155-$160 area. To the analyst, a breakout from this pattern could send the cryptocurrency toward May’s $187 high resistance before propelling the price to retest the $240 mark. Similarly, trader Rose noted that SOL has been consolidating above the key $145 resistance and 50-day Moving Average (MA), signaling a potential breakout. “If confirmed, the price could rise toward targets at $165, $183, and $220,” they suggested. SOL To Underperform In Coming Months? Market watcher Crypto Bullet suggested that Solana’s correction is coming to an end. The analyst forecasted that SOL could soon lose its current range and retest the April consolidation range, around the $125-$135 area, to complete the correction. This would be followed by a bounce back into the current range before surging past the $200 barrier toward the $220-$250 targets, for “one more wave up” this cycle. Meanwhile, Altcoin Sherpa affirmed Solana won’t outperform like it did during the first half of the cycle. According to the analyst, the cryptocurrency won’t outperform Bitcoin (BTC) on any long-term timeframe “other than a few blips here and there.” Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch He explained that the cycle’s leading altcoin isn’t “dead,” but that he doesn’t “see it having a run like it did in 2021/2024.” Notably, SOL is currently retesting its late November 2023 support levels against BTC, which previously sent it to yearly lows after failing to hold them. Altcoin Sherpa concluded that Solana will likely continue to climb against its USDT pair but continue to bleed in its SOL/BTC chart. As of this writing, Solana is trading at $145, a 12.1% decline in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After falling below the key $3.00 mark, SUI now retests a make-or-break level that could ignite or stall the cryptocurrency’s rally. However, some market watchers believe that the altcoin is preparing for new highs despite the recent pullback. Related Reading: Bitcoin Setting Up For ‘Large Move’ Amid $103,000 Retest – Key Levels To Watch SUI Eyes Breakout To $5 This week, SUI fell below the $3.00 mark amid the Israel-Iran news-fueled market retrace. The cryptocurrency has seen a 7% decline over the past three days, hitting a two-month low of $2.68 on Wednesday morning before recovering. Since its late April breakout, SUI has been trading within the $2.33-$4.10 range, with the price hovering around the upper boundary over the past two months. Notably, the altcoin ended its multi-month downtrend after breaking above its descending resistance at the end of March, leading to its rally to the $4.00 mark. On Wednesday, analyst Crypto Bullet suggested that it could be preparing for a similar performance. According to the post, SUI broke down a falling wedge pattern before bouncing off the yearly Exponential Moving Average (EMA) and Moving Average (MA) between March and April, which propelled the downtrend breakout and rally to its May high. Now, the cryptocurrency is testing the EMA and MA again, while printing a new falling wedge pattern that targets the $5.00-$5.50 area. To Crypto Bullet, “This is where SUI is gonna establish a Higher Low and soon rise to a New ATH.” Earlier this month, the analyst also highlighted a one-year rising wedge pattern that eyes the $8-$10 levels as the next major target for the cryptocurrency. The high-timeframe chart shows the altcoin has been hovering between the pattern’s upper and lower boundaries since early 2024. Amid its April price action, the cryptocurrency bounced from the pattern’s support, suggesting that a surge to the resistance line will come in the coming months if history repeats. Make-Or-Break Level Retest Meanwhile, trader Coinvo noted that SUI is currently retesting a make-or-break level, the key $2.80 area, which acted as support and weak resistance earlier this year. Holding this level is crucial for the cryptocurrency’s rally, as a drop could send the price toward the $2.33 range low and risk a potential retest of the $2.00 support. On the contrary, price stability in this area could propel a reclaim of the $3.00 barrier and a recovery of the range highs, which is necessary for a bullish rally continuation. As analyst Rekt Capital previously warned, June’s performance will be decisive for its mid-term action. Related Reading: Ethereum Eyes Big Move As Price Compresses Between Key Levels – $2,100 Or $4,000 Next? It’s worth noting that SUI has built a re-accumulation range around the same levels as it did in late 2024. At the time, it consolidated around the $3.39-$3.78 levels for weeks before Weekly Closing above the range and setting up for its all-time high (ATH) breakout. This time, the cryptocurrency has been consolidating less cleanly than last year, failing to secure a weekly close inside the range for two consecutive weeks. SUI must reclaim the $3.39 area in the coming weeks to maintain its Monthly Bull Flag and position itself for higher levels. As of this writing, SUI is trading at $2.79, a 3.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum (ETH) is attempting to retest the local range highs following last week’s market shakeout. However, some analysts believe that the cryptocurrency will continue its sideways move for the coming weeks before its next big move. Related Reading: Will The Bitcoin Price Move Above $110,000 Again? Global M2 Money Supply Shows What’s Next Ethereum Eyes Range High Resistance Last week, Ethereum attempted to reclaim the $2,800 barrier, hitting a three-month high of $2,879. However, the market shakeout, fueled by the Iran-Israel conflict, sent the cryptocurrency’s price to retest its local range’s lows before recovering over the weekend. Notably, ETH has been hovering between the $2,400-$2,680 range since the early May market recovery, which saw the King of Altcoins surge from the $1,800 mark toward its current price range for the first time in three months. Nonetheless, it has been rejected from the local range’s resistance four times in the past month. Market watcher Daan Crypto Trades noted that Ethereum’s price action has been consolidating between these two key levels, compressing just below the $2,800 area. This level has been a crucial area throughout the cycle, serving as a key support and resistance level since 2024. The trader considers this area to be “the most important level on this entire chart by far,” detailing that every major retest of this zone has led to either “a nice bounce” or “big dump.” Meanwhile, ETH “went on to really even further” after every reclaim of this level as support. Daan explained that its current price range is “becoming quite a tight range for how long it’s been trading here. You can see how important this is and that there’s likely a big move coming from this point somewhere in the next few weeks.” Based on this, he forecasted that “If we’d see a convincing break above $2.8K and hold there, that would be a good setup for a move to the cycle highs around ~$4K.” However, if it loses this current range, then the $2,100 area “is the big high timeframe level to watch.” Is A 2017 Repeat In The Making? Merlijn The Trader highlighted that Ethereum is now consolidating within its current range after breaking out of a multi-month falling wedge, which suggests that the cryptocurrency could soon experience a massive move. He pointed out that, historically, “this pause often precedes a surge,” adding that the Relative Strength Index (RSI) is also retesting the recent breakout zone. Additionally, the trader noted that ETH appears to be following its 2016-2017 playbook, with a similar structure to eight years ago. At the time, the cryptocurrency had an “explosive setup” that led ETH to a massive lift-off starting in 2017. After the market shakeout, the cryptocurrency moved sideways within a tight range while reclaiming the 50-day Moving Average (MA). Related Reading: PEPE Pumps 2.67% – Is The Memecoin Preparing For A Major Rebound? Following the key reclaim, Ethereum’s price experienced a massive surge toward new highs. According to Merlijn, “Same breakout zone. Same 50 MA reclaim. Sideways chop… then liftoff. But this time? Bigger market. Institutional fuel is backing ETH. No ceiling in sight. We’re not repeating history… We’re amplifying it.” As of this writing, Ethereum is trading at $2,640, a 3.7% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Despite failing to break out of its downtrend, ONDO could be preparing for a surge above the $2 barrier. Some analysts suggest it could repeat its 2024 playbook if it continues to hold its current levels. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? ONDO Breakout Eyes $2 ONDO, the native token of the tokenized real-world asset (RWA) platform Ondo Finance, is attempting to reclaim a key area amid the market pullback. Notably, the cryptocurrency has struggled to hold the $1 mark since losing the area as support over three months ago. In December, the RWA token hit its all-time high (ATH) of $2.14 after US President Donald Trump’s crypto venture, World Liberty Financial (WLFI), purchased 134,216 ONDO tokens for 250,000 USDC. This propelled ONDO’s price above the $2 barrier for the first time, but the late 2024 and Q1 2025 corrections halted its bullish momentum, sending its price to the $0.60-$0.70 range. Following the late April market recovery, ONDO’s price reclaimed the $0.85 area and broke out of its multi-month downtrend. The cryptocurrency then hovered between the $0.85-$1.10 levels throughout May, hitting a three-month high of $1.13 nearly a month ago. Since then, the token has been in a one-month downtrend, dipping below its local range after the recent market pullback. However, the cryptocurrency has been attempting to reclaim this range for the past week, hitting a one-week high of $0.92 on Wednesday. Crypto analyst World of Charts highlighted the token’s performance, affirming, “after a long correction, Finally Looking Good For Midterm.” As ONDO attempts to reclaim the $0.90 area, the analyst anticipates that the cryptocurrency will soon break out of its current range and the downtrend line, forecasting a 130% rally toward the $2 barrier. 2024 ATH Repeat Coming? On Thursday, analyst Sjuul from AltCryptoGems noted ONDO’s performance over the past year, asserting, “Not sure there are many other charts looking as good on high time frames like ONDO.” He explained that “The King of RWA” is “basically holding a bullish structure since its launch,” making a series of higher lows for over a year while maintaining its ascending support trendline. Meanwhile, analyst Alex Clay suggested that ONDO could see a parabolic run based on its performance in 2024. The market watcher noted that the token is currently accumulating at the bottom of a 15-month ascending channel, which previously served as a crucial bounce point for its rally toward its ATH. As Clay explained, after reaching the channel’s upper boundary last year, ONDO saw a multi-month downtrend toward the lower boundary, before printing a higher low. This was followed by a massive rally toward the channel’s top. Related Reading: Bitcoin Eyes New Highs As Price Retests $109,000, But Analyst Warns Of Potential Pullback This year, ONDO is “following the Bullish Fractal from the previous year” after falling to the channel’s lower boundary, breaking out of the downtrend line, and registering a higher low. “These 2 reasons are more than enough to pump straight up to the channel’s top,” the analyst concluded. If history repeats, the cryptocurrency could surge toward the $2.8-$3 area. At the time of writing, ONDO trades at $0.84, a 5.2% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
SUI, one of the leading altcoins of this cycle, has recorded an impressive price recovery over the past two months. However, as the cryptocurrency fails to hold some key levels, some analysts warn of a potential drop below the $3.00 support. Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? SUI Rally Risks Massive Price Drop Since hitting its four-month high of $4.29, SUI’s price has been moving sideways, hovering between $3.40-$4.00 throughout most of May. Amid last week’s market retrace, the altcoin recorded a 14.2% price drop, losing its range and hitting the $3.00 support over the weekend. At the start of this week, SUI saw a mild recovery alongside the rest of the market, surging to the $3.20 area. Nonetheless, the cryptocurrency has failed to hold this level over the past 24 hours and dropped to the $3.10-$3.15 area on Thursday morning. Crypto analyst Carl Runefelt warned that the cryptocurrency’s rally could be in danger as it risks breaking down of a descending triangle pattern. Per the post, the altcoin has been trading within this formation for the past month, also displaying a potential Head & Shoulders setup forming inside of the triangle, and the pattern’s baseline sitting around the $3.10 support. To the analyst, “if it breaks out of this triangle to the downside, then the fall can be very hard,” forecasting a nearly 35% retrace toward the $2.00 mark. On the contrary, a breakout to the upside could propel SUI’s price toward the $4.20 resistance. Analyst Crypto Bullet recently highlighted a “humongous” rising wedge pattern in the cryptocurrency’s chart, which eyes the $8-$10 area as the next major target. According to the chart, SUI has been moving within this pattern since early 2024, hovering between the upper and lower boundaries for over a year. Notably, the cryptocurrency hit the support trendline one more time during the April low, bouncing from this level. Based on this, the analyst considers that the current dip could be “the last opportunity to add to your bags before SUI makes a new ATH.” Can It Repeat Its Late 2024 Playbook? Analyst Rekt Capital noted that SUI was positioned for a bullish Monthly Candle Close in May, aiming to replicate its late 2024 performance. Last year, the cryptocurrency retested the $3.39 level and turned it into support, which acted as a springboard toward its January 2025 all-time high (ATH) of $5.35. This time, May closed below this crucial level, failing to confirm it as support and losing the recent price range. SUI is now “showcasing very early signs of upside wicking into said level to turn it into new resistance.” The analyst warned that June could see the cryptocurrency reject from this level “if things don’t change over the course of this month.” SUI is currently located inside the $2.33-$3.39 price range and is trying to position itself for a reclaim of the Range High to facilitate a breakout. However, it has unsuccessfully attempted to surge to that level, which could send the price toward lower levels if it “continues to float here without covering additional ground.” Related Reading: Bitcoin To Face ‘One Last Speed Bump’ Before Rally To $140,000 – Analyst Therefore, SUI risks dropping 10% toward the $2.81 mid-range area, which acted as support and weak resistance earlier this year, and falling 30% to the $2.33 range low if the previous level doesn’t hold. “If SUI fails to show signs of reclaiming $3.39 as support (at least on the Daily timeframe via Daily Closes above $3.39), then sub-$3 regions could be on the cards,” the analyst concluded. As of this writing, SUI trades at $3.08, a 2.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Ethereum (ETH) is retesting a crucial resistance level amid its daily 3% recovery. The cryptocurrency has been rejected from this area since last month’s market recovery, failing to continue its bullish rally. As its price continues its sideways trajectory, an analyst suggests that a 15% move is coming. Related Reading: Bitcoin To Face ‘One Last Speed Bump’ Before Rally To $140,000 – Analyst Ethereum Price Compressing Within Key Levels Since its early May breakout, Ethereum has been trading between the $2,475-$2,680 price range, failing to turn the range’s upper boundary as support for nearly a month. Amid last week’s market pullback, the cryptocurrency retraced around 11% from its three-month high of $2,788 to the range’s lower boundary, bouncing from this area on Monday. At the start of the week, ETH reclaimed the $2,500 mark and continued its recovery rally toward the $2,600 resistance. On Wednesday, the King of Altcoins saw a 3.2% daily surge toward the local range high resistance before retracing to the $2,635 level. Carl Runefelt from The Moon Show highlighted the cryptocurrency’s recent performance, affirming that Ethereum is “showing confidence” by staying inside a key formation in the daily timeframe. According to the chart, Ethereum has been forming an ascending triangle since the May rally, with the upper line around the $2,680-$2,700 mark. Moreover, ETH’s price has been compressing between the support and resistance lines, suggesting a potential 15% move if the price breaks out of the pattern. Runefelt forecasted a surge toward the $3,100 level if the Altcoin reclaims the crucial resistance level. However, if the price is rejected once again from this level, the analyst considers that Ethereum could drop to the $2,300 support zone. Crypto Bullet pointed out a similar pattern on multiple ETH charts, suggesting that a 15%-20% breakout is imminent for the cryptocurrency. Per the post, the ETH Dominance is “about to break out” from an ascending triangle pattern in the 12H chart, while the ETH/BTC and ETH/USD trading pairs are nearing the upper boundary of a one-month symmetrical pattern. ETH Preparing For Liftoff? Analyst Crypto Jelle asserted that once ETH reclaims the major resistance area, between $2,680-$2,850, “everything flies higher.” Notably, a reclaim of this zone would send the cryptocurrency above its multi-year ascending support trendline, which was along amid the Q1 2025 retraces, and set the stage for a surge toward the cycle highs. Meanwhile, Ted Pillows noted that ETH’s performance this cycle resembles Bitcoin’s (BTC) price action in 2020. According to the analyst, Ethereum has formed four consecutive 2-week candles since the April 7 bottom, which mimics BTC’s movement after the March 2020 crash. “The similarities between BTC 2020 and ETH 2025 are just mind-blowing,” he stated, suggesting that Ethereum could reach a new all-time high (ATH) in the coming months if it continues to follow BTC’s 2020-2021 trajectory. Related Reading: Monero (XMR) Jumps 11.5% Amid Crucial Support Retest – Analyst Eyes $420 Resistance Market watcher Merlijn The Trader highlighted the same similarities between the flagship cryptocurrency and Ethereum, adding that the King of Altcoins also “just nailed the Spring & Test phase of Wyckoff.” According to the trader, ETH’s structure “screams one thing: Jump. Across. The. Creek. The breakout is coming.” As of this writing, Ethereum trades at $2,632, a 44.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Privacy and security-focused token Monero (XMR) has seen an 11.5% surge in the daily timeframe, reclaiming the $360 support for the first time in a week. Some analysts suggest that holding its current range could send the cryptocurrency to a another retest of its historical $420 resistance. Related Reading: Bitcoin Rise To $111,000 ATH Doesn’t Mean The Market Is Bullish, Certified Expert Says Monero Bounces From Range Lows Amid the crypto market pullback, Monero led the top 100 tokens by market capitalization list with a double-digit jump in the past 24 hours. The cryptocurrency surged 11.5% on Monday morning, breaking out of its seven-day downtrend. Notably, XMR has seen a 66% price increase over the past month and a half, jumping from the $220 support zone to its current levels. The token registered a significant 55% daily increase at the end of April, touching the $340 mark before retracing. The surge was reportedly fueled by a “suspicious transfer” of 3,520 BTC, worth around $330.7 million, from a potential victim of social engineering. According to crypto sleuth ZachXBT, the stolen funds were swapped for XMR, leading cryptocurrency to retest a key horizontal level. Despite this, the privacy token continued its rally during the May market recovery, which propelled XMR to a four-year high a week ago, nearing the crucial $420 resistance for the first time since 2021. Now, the market’s recent performance has sent Monero alongside the rest of the leading cryptocurrencies to retest key levels. The token retraced 21% in the past week, briefly losing its three-week price range on Saturday. However, XMR has bounced from this level over the past two days after reclaiming the $325 mark and nearing the $370 resistance. XMR Rally Hangs On This Level Analyst Sjuul from AltCryptoGems affirmed that “Monero has an impressive chart and is likely one of the few ‘dino’ coins not far from breaking its all-time high.” He highlighted that XMR is retesting the recently flipped support and resistance zone, which is key for a rally continuation. Losing the $310-$345 area could send the cryptocurrency toward the gap between this level and the next major support around the $220 mark. Similarly, analyst Rekt Capital previously noted Monero repeated its early 2021 playbook after breaking out of its multi-year accumulation range in Q4 2024, surging above the $286 resistance and hitting last cycle’s high levels. He recently pointed out that XMR has historically ended its bull market around the key $422 resistance, with “this sort of price action for XMR occurs once every four years,” and price rallies into the major resistance “often briefly upside wicking beyond there.” Related Reading: $3 XRP Dream Delayed—No Bull Run Before November, Says Top Analyst Amid its recent rejection from the $419 cycle high, the analyst considers that Monero must hold its current range, “if price wants to go against the grain of history and break the $422 resistance over time.” If it fails to hold above the $300 mark, Rekt Capital affirmed that the $286 support is the next crucial level, but added that historically, XMR’s retest post-rejection usually fails. As of this writing, Monero trades at $366, a 32.2% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As the month nears its end, the crypto market turns momentarily red, with Solana (SOL) retesting a crucial support level that could determine its short-term performance. An analyst suggests that holding the current range over the weekend will be key for the long-awaited rally back to $200. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Solana Hits Multi-Week Low Amid the crypto market pullback, most cryptocurrencies are recording a red Friday, with Bitcoin (BTC) and Ethereum (ETH) momentarily losing some key levels. Solana, one of the cycle’s leading Altcoins, followed the rest of the market and registered a 6% retracement in the daily timeframe. SOL has seen a significant recovery from its multi-month downtrend, which led the token to hit a 14-month low of $95 during the early April retraces. Over the past month and a half, the cryptocurrency has reclaimed multiple crucial levels, setting the stage for a potential rally. However, the cryptocurrency has struggled to reclaim the key $180 resistance despite hitting a three-month high of $187 a week ago. A reclaim of this key barrier could push SOL’s price toward the $200 mark, enabling a rally to new highs. Today’s price action has sent Solana to a 22-day low of $156 after losing its $164-$180 price range and the $160 support zone for the first time since the May 8 breakout. Trader and analyst Crypto Bullet shared a bearish outlook for Solana, suggesting that the token will underperform for the rest of the year. He highlighted SOL’s trading pair against ETH, noting that the cryptocurrency has been in a rising wedge in the weekly chart since the Q4 2024 rally. According to the SOL/ETH chart posted by the trader, the cryptocurrency has broken down out of the formation after losing the 0.069 mark. To Crypto Bullet, this signals that “ETH will soon pump way harder than SOL.” All Eyes On SOL’s Weekly Close Analyst Rekt Capital pointed out that Solana is attempting to continue Weekly Closing within its Range High resistance, which is key for its long-term rally. He previously explained that the cryptocurrency re-entered its Post-Halving Re-Accumulation Range after successfully reclaiming the $120 barrier last month and consolidating within the $160-$175 range high. To the analyst, SOL’s price “needs to continue demonstrating price stability” around this zone, as that is what is “required for SOL to break out from this range into the $200+ levels.” He affirmed that Solana needs to aim for a retest similar to late 2024, when the cryptocurrency built a base around the Range High ahead of the breakout with multiple weekly closes near the resistance zone, which led to a massive breakout to the $200 mark. Related Reading: Ethereum Repeating Early 2024’s Playbook – $3,800 Target In Sight? Rekt Capital highlighted that SOL has been successfully retesting this area as support over the past few weeks. However, he warned that cryptocurrency mustn’t close below the current price zone as it would “tease a possible loss of this region as support.” A drop below this range could lead to a retrace into the Range Low, between the $120-$135 mark. “Price stability at the Orange Range High going forward is thus key here,” he concluded. As of this writing, Solana trades at $159, an 11.6% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
This week, Ethereum (ETH) has reclaimed the $2,600 level as support for the first time since February, and it’s pushing to retest the next key resistance after a breakout from a short-term pattern. Some analysts suggest that ETH’s rally could target its Macro Range high area in the coming weeks. Ethereum Resembles 2024 Setup After struggling to break past the $2,600 mark, Ethereum has reclaimed this level as support. Over the past two days, the second-largest cryptocurrency by market capitalization has held this key level while attempting to break above the $2,700 mark. Since recovering from its sub-$2,000 dip earlier this month, ETH hovered between $2,400 and $2,600, failing to reclaim the range’s upper zone despite its $2,738 multi-month high on May 10. Nonetheless, this week’s rally has seen the cryptocurrency rise above its local range and attempt to gain more strength to stop its sideways trajectory and continue its 50% recovery rally. Analyst Titan of Crypto noted that ETH just broke out of a two-week bullish flag, leading to today’s surge to the $2,788 level. He suggested that if the breakout is confirmed, the pattern’s target sits around the $3,800 level. Crypto Jelle pointed out that Ethereum is “still moving as planned, pushing deeper into the resistance area” around the $2,850 mark. Several analysts have named this level as the resistance before the $3,000 mark, and the wall “standing in the way of altseason.” Rekt Capital highlighted that Ethereum has been successfully retesting a crucial horizontal level since re-entering its $2,220-$3,900 Macro Range. Notably, Ethereum has been closing above the $2,468 mark for the past four weeks, setting up the stage for a “lift across the range.” With this successful retest, the King of Altcoins is “repeating early 2024 history.” Notably, ETH recorded a 50% four-week breakout after smashing the $2,486 resistance and retesting it as support. However, “the only difference is that it has just taken longer this time,” the analyst added. ETH Gains Momentum Meanwhile, analyst Ted Pillows considers that ETH is showing strength as its trading pair against Bitcoin (BTC) gains momentum and BTC dominance motion seemingly fades. The analyst also noted the ETH’s Weekly MACD bullish cross and reclaim of its multi-year support trendline. Based on this, he forecasted that Ethereum could soon soar to the $4,000 resistance. It’s worth noting that Ethereum is outperforming the flagship cryptocurrency this quarter for the first time since 2022, registering a 45% increase since April 1. Additionally, ETH continues to hold above its key level despite BTC’s dip below the $106,800 support. Related Reading: Bitcoin $106,800 Support Retest To Determine Next Move – Breakout Or Breakdown Ahead? Merlijn The Trader highlighted ETH’s price action after its golden cross, which appears to resemble its performance from the last time the setup occurred. According to the post, during the November 2024 setup, Ethereum saw a small dip before a “massive pump” on the eleventh day. “This time? Pump already started. We’re right on schedule,” the trader affirmed. As of this writing, Ethereum is trading at $2,642, a 44.7% increase in the monthly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Following a notable performance over the past 24 hours, Ethereum (ETH) is attempting to reclaim a key level as support. Some analysts suggest a breakout toward the $3,000 mark could be coming if the $2,600 mark holds. Related Reading: Bitcoin (BTC) To Continue Price Discovery Rally If It Holds These Levels – Analyst Ethereum Prepares For Massive Breakout On Tuesday, Ethereum surged to the $2,700 resistance after a 6.3% price jump in the daily timeframe. The cryptocurrency climbed from the $2,500 support zone toward the recent resistance level, hitting the $2,712 mark before retracing. ETH has been unable to cross this zone after recording its three-month high of $2,738 two weeks ago, halting its retest of higher horizontal levels. Notably, the King of Altcoins has surged over 50% in the past month and around 98% from April’s lows. Amid the May crypto market rally, which saw Bitcoin hit a new All-Time High (ATH) of $111,953 last week, Ethereum has traded sideways for most of the month, hovering between the $2,450-$2,600 price range. Nonetheless, ETH has outperformed Bitcoin so far during the second quarter, registering a 47.78% increase since April started. Analyst The Cryptonomist pointed out that Ethereum has broken above the $2,600 level, signaling that a reclaim of this level could conclude ETH’s sideways action between its current price range and propel its price toward the $3,400 mark. Similarly, Crypto Bullet affirmed that ETH is “about to break out and fill the big CME Gap.” According to the chart, the Altcoin appears to be forming a symmetrical triangle over the past few weeks, and is currently attempting to break out from the formation. A successful breakout and retest of the $2,700 level could send ETH’s price to the CME GAP levels, between $2,900 and $3,350, which other analysts also believe will be filled soon. ETH Dominance To Surge In June? Meanwhile, analyst Rekt Capital noted that Ethereum Dominance is “showcasing initial signs of trying to hold the ~9% level as support,” suggesting a potential bullish performance in June. As the analyst explained, ETH dominance has bounced since dropping to new All-Time Lows (ATL) last month, playing out “the full extent of its September 2019 upside.” Keeping this level as support could propel the cryptocurrency to a more market-dominant performance next month, resembling its 2019 playbook. Related Reading: Indecisive Close For Litecoin, But The Real Story Lies In BTC.D’s Next Move Market watcher Merlijn The Trader affirmed that Ethereum’s chart “is screaming bullish,” showing a multi-year base and “clean” bullish pennant pattern. To the trader, this setup could launch the cryptocurrency to a long-term target of $8,000 after breaking above the $3,000 mark. Additionally, ETH is preparing for the cycle’s “final pump,” according to Merlijn, based on its previous performances. He pointed out that Ethereum “goes vertical” after breaking its previous high every cycle. As of this writing, Ethereum trades at $2,686, an 8.8% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto. Related Reading: Avalanche Slides Off The Edge – What Comes After The 4H Trendline Snap? Bitcoin Starts Second Price Discovery Uptrend Last week, Bitcoin’s momentum propelled its price to its new all-time high (ATH) of $111,814 before retracing to its current range. Over the weekend, Bitcoin confirmed its breakout into its second Price Discovery Uptrend, following its successful retest of the $104,500 mark as support. The cryptocurrency has been in a significant market recovery for over a month, rallying nearly 50% from April lows. Analyst Rekt Capital noted that BTC ended its downside deviation period and positioned itself for a retest of its key re-accumulation range during early May’s surge, which was successfully reclaimed and surpassed. The analyst considers that its new Price Discovery Uptrend has “only just begun,” as Bitcoin starts Week 2 of this phase. Rekt Capital highlighted that this cycle has been “a story of Re-Accumulation Ranges,” which signals that a new range will likely form after this Price Discovery. Meanwhile, history suggests a second Price Discovery Correction is ahead as Bitcoin transitions into its new Price Discovery Uptrend. During its future correction, BTC will likely retrace between 25%-35% “to produce yet another Downside Deviation below the Re-Accumulation Range Low (future orange circle) before resuming upside into a likely Price Discovery Uptrend 3.” In the meantime, “All Bitcoin needs to do is hold above the Re-accumulation Range High of $104,500” to continue its price discovery rally. $110,000 Breakout Next? Notably, the flagship crypto has been retesting the range high as support over the past two weeks, confirming the breakout. As such, dipping into the previous $92,000-$104,500 range’s upper zone could happen as “part of normal volatility.” Moreover, it turned another key resistance, the $102,500 mark, into support during this period, which it had previously been rejected from in January 2025. With these levels as support, Rekt Capital considers that only the December 2024 and January 2025 upwicks, at $108,353 and $109,588, stand in the way of additional Price Discovery. Trader Daan Crypto Trades noted that Bitcoin is “still strong but fighting around its previous all-time high from earlier this year.” He pointed out that price action looks “very choppy” in the lower timeframes, but it shouldn’t be concerning for investors if the price remains within its current range. Related Reading: XRP ETF At 83% Approval Odds—Is The SEC Losing Grip? Analyst MacroCRG affirmed that Bitcoin must officially reclaim the $110,000 level to continue its rally, as it marks the previous ATH and the Value Area High (VAH) from last week. “Acceptance above and we likely squeeze straight into price discovery again,” CRG stated. Currently, Bitcoin is retesting its Weekly opening of $109,004 as support, which could set the stage for a breakout above the $110,000 mark if held. Meanwhile, rejection from this area could send BTC price to the $106,000-$108,000 area. As of this writing, Bitcoin trades at $109,181, a 1.4% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
As Litecoin (LTC) tries to break out of a bullish pattern, an analyst suggests that a monthly close above its key horizontal zone could propel the price to levels not seen since the 2021 bull run. Related Reading: Bitcoin Ready For Second ‘Price Discovery Uptrend’ Following $109,000 Breakout – What’s Ahead For BTC? Litecoin Attempting Key Breakout Litecoin has seen a remarkable 63% rally from April’s lows over the past month and a half, surging above crucial levels in the past few weeks. Just this month, the cryptocurrency has recovered the $80 and $90 support levels and attempted to reclaim the $100 barrier again. Fueled by the market recovery and Bitcoin’s rally past the $100,000 mark, LTC hit a two-month high of $107 nearly two weeks ago. Since then, the altcoin has struggled to hold the $100 mark. However, analyst Carl Runefelt from The Moon Show recently suggested that Litecoin “is about to pump.” The analyst highlighted a bullish pattern on LTC’s chart, which could see the cryptocurrency rise 20% toward the $117.5 mark for the first time since early March. According to Runefelt’s chart, the cryptocurrency formed a bullish flag pattern after hitting its two-month high. Since then, LTC has hovered between the upper and lower boundary, bouncing once before from the support line toward the pattern’s resistance line. Earlier this week, Litecoin bounced again from the support after touching the $92 level, which led the analyst to suggest it has “every chance to break out of this bullish flag to the upside.” On Friday, the altcoin jumped 11% from the pattern lows, briefly breaking out and hitting the $102 mark before retracing to the $96 mark. The cryptocurrency now hovers between the $98-$99 levels, just 1% below the pattern’s upper boundary. A surge above this level to confirm the breakout could set the stage for the pattern’s $117.5 target and mark a significant push toward a key horizontal level. LTC Preparing For Rally To $150? Analyst Rekt Capital pointed out that Litecoin needs a Monthly Close above its key resistance level to target the $150 mark and above. He highlighted the $110-$125 horizontal level, explaining that LTC “spends most of its time below it and very little time comparatively beyond it.” The analyst noted that since 2019, the rejection from this resistance level has been getting “progressively weaker over time to the point where only a couple of months ago, LTC tried to retest this region as support” during the early 2025 rally. Despite failing to reclaim this level, this could suggest that the resistance is “struggling to hold price down,” which is why the next breakout above this area could signal that “the chances of a successful retest are high.” Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? Moreover, the weakening of the resistance could be partly attributed to its multi-year Marco Higher Low, as Litecoin has bounced from the ascending trendline toward this resistance each time it has been retested. Based on this, the analyst considers that a Monthly Close above the key horizontal level, followed by a retest to confirm the breakout, would give the necessary strength for a 30% rally above the $150 mark for the first time since 2021. As of this writing, Litecoin trades at $98.60, a 2.7% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Bitcoin (BTC) has hit a new all-time high (ATH) after a 4% daily breakout above the $109,000 mark. As the flagship crypto nears the next barrier, some analysts suggest that this cycle’s top isn’t in yet. Related Reading: SUI Preparing For Another Leg Up – Is $5 The Next Target? Bitcoin Hits New All-Time High On Wednesday, Bitcoin hit a new ATH of $109,800 after breaking out of the $107,000 short-term resistance, eyeing the $110,000 barrier as its next target. The cryptocurrency has significantly recovered over the last seven weeks, surging around 47% from its five-month low of $74,000 toward its current levels. Amid its May rally, BTC couldn’t break the crucial $106,000 resistance, trading between the $102,000-$105,000 range for nearly two weeks. However, its consolidation ended over the weekend as Bitcoin Weekly Closed above this barrier for the first time in history. Since reclaiming this crucial level on Monday, Analyst Ali Martinez pointed out that the flagship crypto appeared to be forming an ascending triangle pattern in the lower timeframes, which suggested a rally toward the $115,000 level once the price broke above the $107,000 mark. In the early hours of Wednesday, BTC’s bullish breakout saw it retest the $108,000 barrier, facing rejection toward the $106,000 support before bouncing and smashing this barrier and rallying toward its new ATH. Rekt Capital affirmed that the Second Price Discovery Uptrend is ahead for the cryptocurrency, as its First Price Discovery Correction is finally over. The analyst previously highlighted that Bitcoin would rally to a new ATH after Weekly Closing above its re-accumulation range and post-breakout retest. BTC Preparing For Another 20%-30% Jump? Analyst crypto Jelle suggested that BTC’s news target is around the $140,000 mark, pointing to a Power of Three (PO3) setup on Bitcoin’s chart. The pattern divides the price action into three phases: accumulation, manipulation, and distribution. In the first phase, a consolidation near the recent high occurs after a strong price performance. This is followed by a token’s price falling below the accumulation phase’s support level in the second phase, trading within a range below the recently lost zone. Lastly, the distribution phase consists of a strong price breakout, with momentum building and participants entering the market. Based on this setup, the flagship crypto started the accumulation phase during the Q4 2024 rally, entering the next phase during the March-April retraces. Amid its late April-May rally, Bitcoin has arrived at the setup’s final phase, with the analyst forecasting $140,000 as the next target after breaking above the $108,500 mark. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs Similarly, Sjuul from AltCryptoGems highlighted the same Po3 pattern on BTC’s chart, affirming that investors could expect a “strong expansion” toward the $125,000-$130,000 levels after breaking out of its previous ATH levels. He previously pointed out that “BTC is clearly repeating the summer 2021 price action and trading in a perfectly bullish structure on high time frame,” which could suggest that the cycle’s top isn’t in yet. As of this writing, Bitcoin trades 1.8% below its new ATH, at $107,502. Featured Image from Unsplash.com, Chart from TradingView.com
After its breakout, SUI has been consolidating within a key range and has faced momentary resistance above the $4.00 level. Some analysts suggest that the cryptocurrency’s next target sits near the $5.00 mark, as it could be repeating its all-time high (ATH) rally. Related Reading: Solana Rejected From Key ‘Inflection Point’, But Multi-Year Trend Suggests New Highs SUI Party On Pause SUI has seen an impressive 120% recovery from April’s $1.76 low, reclaiming the $2.00 and $3.00 barriers in the past few weeks. The cryptocurrency has surged 85% in the last month despite its recent token unlock, rallying to a fourth-month high of $4.29 last Monday. However, SUI has retraced 10% from last week’s high, hovering between the $3.60-$4.10 price range. Trader Froggy pointed out that the cryptocurrency is approaching the significant $4.00 resistance, which it has been unable to hold for seven days. Breaking above this level “will set the stage for a strong move up,” he explained, adding, “This could be the trigger that breaks the range and opens up the next leg higher.” Meanwhile, Rekt Capital recently highlighted that SUI has built a re-accumulation range, between $3.39 and $3.78, like it did in late 2024. At the time, the cryptocurrency consolidated around this range’s upper boundary for weeks before Weekly Closing above this level and retesting it as support to confirm a breakout towards a new ATH. This time, SUI closed above the $3.78 mark two weeks ago and confirmed it as support last Sunday after closing the week at $3.94, which could suggest that a breakout to a new high is coming. SUI’s Rally To $5.00 Loading? Sjuul from AltCryptoGems considers that SUI’s consolidation is loading the cryptocurrency’s next leg up, resembling its previous performance. According to the analyst, the altcoin is consolidating within a short-term bull flag and preparing for a breakout, like it did twice in the past month. Similarly, AltCryptoTalk affirmed that SUI is “overall bullish” according to its recent all-time high (ATH) performance and advised investors not to let the recent pullback “fool” them, if it holds the $3.30 support. The analyst noted that the cryptocurrency’s latest ATH breakout saw a four-stage rally, with an initial big impulse and correction, and three smaller impulses followed by corrections. Based on this, SUI is likely preparing for the second smaller impulse, as it registered a bigger breakout in late April and a smaller rally in early May. However, he warned that the smaller impulse after a bigger one is “usually a sign of weakness.” Related Reading: Bitcoin Price Nears Record Highs: Are We Headed For A $120,000 Breakout For its next jump, the altcoin must break through the range’s upper boundary, around the $4.00 mark, before continuing its rally. If history repeats, SUI could reach the $5.00 mark in the coming weeks, “I’m waiting for this high or a new high to be formed and then to expect another bigger bullish wave,” the analyst concluded. As of this writing, SUI trades at $3.84, a 2.1% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
Solana (SOL) has reclaimed crucial levels amid its price rally, recording its highest range in months. However, as the market’s recovery takes a pause, the cryptocurrency has hit a key level that could propel or delay its surge to new highs. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Solana Rally Faces Key Barrier Solana’s price has significantly surged over the past several weeks, recovering from April’s pullback and breaking out of its downtrend. After its January all-time high (ATH), SOL retraced up to 63%, hitting a 14-month low of $95 last month. However, Solana climbed above some crucial ranges during the late April market recovery, reclaiming the $140 resistance as support for the first time in two months. Since then, the cryptocurrency rallied nearly 30% to the $180 mark, recording a three-month high of $183 last week before retracing to the $170 support. Crypto Trader Mercury noted that Solana reached a “very HTF infection point,” which could send the cryptocurrency’s price to new ATHs again if reclaimed. However, the market slowdown has stalled SOL’s rally, with its price falling to the $165-$170 range over the weekend. After its recent performance, the trader added that SOL was rejected from the key inflection point “just enough to allow for a retest of the same trend that got us here in the first place.” Based on this, he considers that reclaiming the $180 mark and eventual breakout to news ATHs is on the horizon, “as long as that 4H 200MAs trend holds.” Meanwhile, analyst Cas Abbé pointed out that Solana’s multi-year trend remains intact despite the recent pullbacks. As he explained, the cryptocurrency is over 50% up from its multi-year ascending trendline retest, seemingly marking the bottom for Solana. The analyst considers that SOL January ATH could not be the top, and another record-breaking rally could come this year. Similarly, trader Coinvo highlighted the ascending trendline, “If SOL continues to hold this trendline, it’s going much higher!” SOL eyes $200 Breakout Over the weekend, analyst Rekt Capital asserted that Solana has broken into its Post-Halving Re-Accumulation Range on the monthly timeframe, successfully retesting the $120-$135 range as support over the past couple of months. This key higher timeframe retest propelled the cryptocurrency to revisit the $165-$175 range’s high. However, he explained that Solana must break above the upper boundary to confirm a breakout and continue ascending, which it failed to do during last week’s close. SOL also must break and retest the upper boundary as a new support with a Weekly Close above this mark to exit the key range. Additionally, the analyst pointed out that previous performance suggests a price breakout could happen. Related Reading: Dogecoin On The Edge: Major Breakout Or Breakdown Imminent? According to its Q4 2024 price action, if Solana builds a base around the Range high’s resistance, there’s a high chance for the price to rally. The analyst added that a successful breakout from this zone could send SOL’s price to the $200-$210 mark. “SOL simply needs stability here at the Range High resistance, as that would telegraph that this is an area that is becoming support,” Rekt capital concluded. As of this writing, Solana trades at $165, a 3.1% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After reclaiming the crucial $100,000, Bitcoin (BTC) is testing its recently recovered levels as support, with some analysts suggesting that the price will see a short-term sideways move before breaking out of its key resistance. Related Reading: Avalanche (AVAX) Eyes 30% Rally Amid Cup-And-Handle Pattern Breakout BTC’s Next Key Levels Over the past month, Bitcoin has seen a massive performance, recovering more than 23% from the $84,000 mark. The flagship crypto has reclaimed the $100,000 barrier, lost during the February pullback, and rallied to a three-month high of $105,819. Amid the market recovery, BTC has re-entered its post-US elections range, between the $92,000 and $106,000 levels, trading just 4.4% below its January all-time high (ATH). However, the massive rally seems to have slowed after nearing the range’s upper level, which could momentarily halt its next leg up. This week, Bitcoin has ranged between $101,500-$105,000, taking out most of the liquidation clusters within the weekly range lows. Daan Crypto Trades pointed out that now the cryptocurrency is “pretty far away from any large liquidity clusters.” He explained that BTC’s price hasn’t traded in the range’s high for a significant period, and few new positions were built around this area “after the initial squeeze of shorts.” As such, the main levels to look out for are the range’s highs above the $106,000 resistance, and the range’s low around the $93,000 support, where the recent breakout occurred. Bitcoin To Trade Sideways For Two Weeks? Analyst The Cryptonomist considers that BTC’s price action is “very simple from here,” as the flagship crypto moves within a one-month rising wedge pattern. If Bitcoin remains inside the formation, it could surge to the $110,000-$112,000 levels. However, if Bitcoin falls below the lower boundary, around $100,000, it could lose the key support and attempt to fill the CME Gap around the $92,000 before a new ATH rally. Meanwhile, market watcher Ted Pillows highlighted Bitcoin’s correlation with the Global M2 money supply. The analyst noted that the cryptocurrency’s price action has resembled the Global M2 supply chart for the past several months, including the recent pump above $100,000. Related Reading: Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels Now the chart suggests a consolidation period, which could see Bitcoin move sideways for one to two weeks, if it continues to follow the Global M2 supply path. “Once that is over, BTC’s next leg up will start, which will push it above $120K,” he affirmed. Additionally, Ted pointed out BTC’s Wyckoff accumulation is in the final phase, with some consolidation happening above the $100,000 support, “which is a good sign.” Concluding that, with liquidity entering again, the next leg up “will soon start.” As of this writing, Bitcoin trades at $104,916, a 0.5% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After reclaiming a crucial level over the past week, Avalanche (AVAX) faces resistance near the $27 mark. Some analysts have suggested that reclaiming this area could kickstart a rally toward the next key resistance levels. Related Reading: Ethereum Prepares For $2,850 Rally, But Analysts Warn Of Potential Dip To These Levels Avalanche Targets $32 Resistance Avalanche has seen a nearly 40% surge over the past week, jumping from the $19 mark to a three-month high of $26.84 on Monday. The cryptocurrency hit an 18-month low of $14.66 during the early April retraces but recovered around 37% ahead of its recent breakout. Amid the market recovery, AVAX has broken out of its five-month downtrend, which saw the cryptocurrency retrace over 73% from its Q4 2024 high. Moreover, Avalanche formed a 2-month Cup-and-Handle pattern, with the neckline at the $23 resistance. Analyst Sjuul from AltCryptoGems pointed out that the formation had a “super clean” target and was “in confluence with the next resistance level,” at around the $32 mark. This area, lost in early February, was a crucial resistance and support zone before the Q4 2024 rally and the Q1 2025 market shakeouts. After the neckline breakout and reclaiming this level over the weekend, the analyst noted that the target “is clear now.” As such, Avalanche could likely see another 30% rally toward the $32 mark. Meanwhile, analyst CW highlighted that AVAX has a key sell wall near the $27 level, where it has faced resistance over the past few days. However, if it breaks through this barrier, it could surge to the $36 level before facing the next selling wall near the $38.5 area. Another wall between the $42.5-$46.5 levels lies ahead. On the contrary, if the cryptocurrency gets rejected from the first resistance, the price could revisit the breakout levels and the downtrend line around the $20 mark, with a selling wall below it that could serve as support. AVAX To Repeat BTC And SOL’s Playbook? Crypto Amsterdam suggested that many altcoins, including Avalanche, are forming a setup seen in Bitcoin’s (BTC) and Solana’s (SOL) charts. According to the analyst, the setup follows a Macro range, divided into five cycle stages. The first stage, set during the bull market, sees a cryptocurrency move quickly toward the highs, setting the range’s upper boundary. During the second phase, at the start of the bear market, the token’s price records “steep lower lows and highs” toward the range’s low before moving to the third stage, the accumulation phase. In this stage, the cryptocurrency registers a deviation below the range’s low. The fourth stage sees the cryptocurrency register its first higher high and reclaim the range lows again. Lastly, the cryptocurrency moves toward the past cycle’s high during the fifth stage, breaking past the range’s high after reclaiming the mid-zone. Crypto Amsterdam explained that AVAX’s chart is “another super clean mini cycle example.” After hitting its all-time high (ATH) of $146 in November 2021, Avalanche set its range between the $20-$130 levels, falling below the range’s low in mid-2022. The cryptocurrency reclaimed the range low in late 2023, ending the third stage and entering the fourth one during the early 2024 rally. Since then, it has retested the range lows after its deviation, recovering this level during last week’s breakout. Related Reading: Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next? If Avalanche continues to follow this setup, it must reclaim the mid-range, at around the $75 mark, to surge to the upper boundary and potentially hit a new ATH. However, the analyst also suggested that falling below the local bottom would invalidate the setup. Featured Image from Unsplash.com, Chart from TradingView.com
Amid its recent breakout, Ethereum (ETH) has recovered a crucial Range lost in Q1, preparing to surge to the mid-zone of this area. However, various analysts forecast potential volatility for the King of Altcoins, as it faces some resistance at the current levels. Related Reading: Bitcoin Faces Key Resistance After 10% Weekly Rally – Confirmation Or Rejection Next? Ethereum To Trade Sideways Before Next Jump After surging nearly 45% in the past week, Ethereum has reclaimed its $2,200-$3,900 macro range lost in March. During the late-April market pump, the cryptocurrency recovered from its 18-month low of $1,380, jumping toward the $1,800 resistance before breaking out last Thursday. ETH has smashed past the $2,000 resistance and regained the crucial $2,100 and $2,300 levels before retesting the $2,600 resistance over the weekend. Since then, the King of Altcoins has hovered between the $2,400-$2,600 price range, hitting a two-month high of $2,624 on Monday. Market watcher Castillo Trading highlighted that Ethereum is “doing exactly what it should be. Taking some time to build a base at important levels before the next move.” The analyst stated that the $2,400-$2,700 zone will likely be ETH’s trading range for the upcoming days after its retest of the range lows as support, with “some shakeouts in both directions before continuing its next leg up.” Similarly, Daan Crypto Trades noted that the cryptocurrency’s current level is important, as it could determine its short-term direction. According to the trader, Ethereum could drop to $2,300 or below the $2,100 support level if it loses the key area. “In that case, you can simply wait for a consolidation to be formed at those levels,” he explained. On the contrary, if ETH breaks past the $2,600 resistance, and price keeps surging, the current level may “become a nice retest of the horizontal.” Notably, the next crucial horizontal level sits around the $2,850-$2,900 range, a significant support and resistance area amid the Q3 2024 pullback and the Q4 2024 breakout. Is A Dip Or A 15% Shakeout Coming? Analyst Rekt Capital pointed out that Ethereum secured a key Weekly Close after closing the week at $2,514 and officially reclaiming its Macro Range. According to the analyst, history suggests that ETH will “likely lift across the Range” over time, while “any dips, if needed at all, would only solidify $2200 as Range Low support.” He stressed that the recent Weekly Close occurred at the top of a crucial cluster, enabling a scenario where “just a small dip would suffice, if the green circled retest repeats here at ~$2468 (black).” However, if that level is lost, ETH could see a 10%-15% pullback toward the $2,200-$2,100 mark. Rekt Capital also remarked that the second-largest crypto by market capitalization has managed to fill the $2,530-$2,630 Daily CME Gap, created in March. Related Reading: Why The US-China 90-Day Tariff Slash Can Push Bitcoin Price Above $110,000 Amid its breakout, ETH also formed two small CME Gaps at the $2,300-$2,400 and $2,100-$2,200 levels, which could be closed soon. The former is the “more important dipping area, as it is also a Weekly CME Gap.” Additionally, he affirmed that Ethereum intends to fill its Macro CME Gap, between $2,900 and $3,350, signaling that a surge toward those levels could be ahead. As of this writing, Ethereum trades at $2,597, a 5% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After jumping by 10% over the past week, Bitcoin (BTC) has hit a crucial resistance level, which could push or momentarily halt the flagship crypto’s rally toward a new all-time high (ATH). Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details Bitcoin Hits Key Level Bitcoin recently jumped above the $100,000 barrier for the first time since February. During its significant weekly performance, BTC has surged over 10% to hit a three-month high of $105,500 on Monday, fueling investors’ sentiment regarding a new ATH rally. On Monday, Analyst Rekt Capital highlighted that the flagship crypto rallied across the entire re-accumulation range, concluding its downside deviation and the first price discovery correction. After surging to its range high of $104,500, Bitcoin has faced rejection from this key level, momentarily pausing its rally. He pointed out that Bitcoin already had its first Price Discovery Uptrend and Price Discovery Correction. The cryptocurrency is now attempting to confirm its second Price Discovery Uptrend, but needs to reclaim the $104,500 level as support to confirm this phase. As the analyst explained, this level is currently acting as resistance after it closed the week at $104,118, just below the range high. He added that “technically BTC can try to confirm an uptrend beyond this point by Daily Closing above $104.5k and then holding it as support, so it will be worth watching for this lower timeframe confirmation.” However, “until that confirmation is in, this resistance will continue to act as one. And as resistances do, they tend to reject price.” According to Rekt Capital, Bitcoin has repeated some key elements from its Post-halving range in its current range, suggesting that if BTC continues to reject from this level, it could face a post-breakout retest of its lower high resistance. One Dip Left Before ATHs? Previously, the analyst detailed that BTC could be repeating its Q4 2024 performance, where the cryptocurrency recovered from its downside deviation to hit a new ATH. BTC initially got rejected at its lower high resistance and fell to the range’s lows before breaking above the lower high, retesting it as support, and soaring to a new ATH. For history to repeat, BTC must get rejected at $99,000, hold $93,500 as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance, which is the level “to turn into support for Bitcoin to breakout into its second Price Discovery Uptrend.” Notably, BTC followed this path closely over the past week, getting rejected near $99,000 and retesting the $93,500 support before jumping above the $100,000 mark. To continue this performance, the cryptocurrency must fall to the $97,000-$99,000 range and hold it as support for a similar breakout to new ATHs. Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next In his Monday analysis, Rekt Capital shared that BTC’s lower high resistance is at the $98,500 level, signaling that a 5% drop could be ahead. However, he noted that the retest “doesn’t need to happen at all,” as Bitcoin could Daily Close above the key resistance, hold this level, and rally to new ATHs. “But in the event of a dip, turning the Lower High resistance into a new support could fully confirm the break of this Lower High, turn it into new support, and in doing so, solidify BTC’s positioning in the $98.5k-$104.5k portion of the ReAccumulation Range,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com
After breaking out of its five-month downtrend, an analyst suggests a repeat of Stellar (XLM)’s last cycle playbook could be on the horizon. The cryptocurrency has confirmed its breakdown from a bullish reversal pattern and eyes a surge toward new targets Related Reading: Ethereum Jumps To $2,000 Amid Market Surge – Analyst Says This Resistance Is Next Stellar Breakout Targets $0.39 Amid the market pump, Stellar has broken out of a key demand zone and retested the $0.30 mark for the first time since March. The cryptocurrency has been in a downtrend since its November 2024 breakout, when it reached a three-year high of $0.63. During this year’s retraces, XLM dropped 68% from the highs to a five-month low of $0.20. However, the late-April market recovery saw the cryptocurrency surge above the downtrend and attempt to confirm the breakout after recording a weekly close above the $0.28 mark. On Friday, Stellar has reclaimed the $0.29 resistance and retested the $0.30 mark for the first time in nearly two months. Following today’s performance, Ali Martinez pointed out that Stellar is breaking out of a two-month inverse head and Shoulder pattern. This pattern is a bullish reversal setup that suggests a potential shift from a downtrend to an uptrend. Earlier this week, the analyst pointed out that the pattern’s right shoulder was forming and the neckline sat around the $0.29 mark. According to his post, a breakout from this formation potentially eyed a 30% rally toward the $0.39 resistance, lost during the February retraces. XLM To Repeat Historical Tendencies? Analyst Rekt Capital highlighted that the cryptocurrency confirmed the end of its multi-month downtrend and a breakout from its Downtrending Channel. Per the post, if XLM weekly closes above its key area, between $0.27-$0.29, any dips into this zone would figure as a successful reclaim of the area as support to support a move to higher regions. The analyst explained that reclaiming the $0.27-$0.29 area is crucial because it is a “historical demand region on the monthly timeframe.” In the past, turning this zone into support during bull markets has enabled Stellar to rally toward the $0.37-$0.40 mark. In 2021, the cryptocurrency rallied toward its cycle high of $0.80 after retesting the key demand zone and breaking out of the $0.37 barrier. Similarly, it hit its all-time high (ATH) of $0.87 after a breakout from this area. Related Reading: Crypto Analyst Says XRP Price Must Clear This Level Or Risk Crash To $1.9 If XLM repeats history and rallies to the next resistance, it must reclaim and confirm that level to continue with its historical tendencies. “As such, a reclaim could see XLM challenge the $0.52 blue highs over time,” Rekt Capital concluded. Meanwhile, analyst CW has noted that after breaking the upper line of the downtrend channel, Stellar would encounter resistance in two selling walls, one between the $0.34-$0.38 levels, and a big one around the $0.47-$0.70 zone. As of this writing, Stellar trades at $0.296, a 2% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com
After soaring over 10% on Wednesday, Ethereum (ETH) has jumped past the $2,000 mark for the first time since March, leading some analysts to suggest that the second-largest crypto could reclaim its macro range in the coming days. Related Reading: XRP Is Forms Bullish Reverse Dragon Head Pattern, How High Can Price Go? Ethereum Hits Seven-Week High For the first time in over a month, Ethereum has retested the $2,000 resistance, hitting a seven-week high of $2,075. The King of Altcoin lost this level at the end of March, nosediving to its two-year low of $1,385 in the following weeks. Amid the late-April market recovery, ETH climbed above crucial levels, reclaiming the $1,600-$1,750 zone over the last 14 days. Earlier this week, the cryptocurrency finally reclaimed the $1,800 resistance, but some investors worried about its sideways price action and a potential drop to lower support levels. Nonetheless, Ethereum soared by 8.3% toward the $1,950 level after US President Donald Trump revealed yesterday that a “major trade deal” with a “big, and highly respected, country” would be announced on May 8. On Thursday, Trump’s $6 billion deal with the UK pushed ETH past the $2,000 mark and near the $2,100 level. Analyst Rekt Capital highlighted the “strong breakout so far,” noting that the cryptocurrency held the bottom of its historical demand zone and rebounded around 14% to the top of the range. After the price jump, the analyst explained that ETH must turn the $1,930 level into support to avoid an upside wick and rejection, and confirm a breakout toward the $2,200 area. “Ethereum will need to simply stay above $1930 to continue to be positioned for a revisit of $2200 (black). The goal for ETH is to use this light blue historical demand area to resynchronise with its $2200-$3900 Macro Range,” he detailed. ETH Eyes New Bull Rally Rekt Capital also pointed out ETH’s dominance was “upticking after making new All Time Lows,” which resembles its 2020 performance. At the time, the cryptocurrency’s dominance bounced after making a new low, surging toward higher levels in the following months. Meanwhile, Daan Crypto Trades noted that Ethereum is testing its range high against its BTC trading pair. According to the post, “this move is tiny compared to what it has to make up for to see some proper relief. You can however already see the market wide impact it has on alts by just moving ~7% against BTC.” Despite looking “decent” after the price jump, the trader advised investors not to get overexcited until ETH/BTC breaks out and holds above the 0.0202 range high. “If it does that, we can get a setup for a larger potential few week reversal in ALT/BTC pairs and for BTC.D to come down. For now, still rangebound,” Daan explained. Related Reading: Injective (INJ) Gearing Up For $10 Level Retest – Is A Bullish Reversal Ahead? He also suggested that investors should be prepared for a big price move, as this performance “generally ends in violent fashion with a big wick towards the upside before cooling off.” Ali Martinez highlighted that the key supply barrier for the cryptocurrency sits at around $2,380, where 12.72 million addresses bought 69.6 million ETH. According to the analyst, “clearing this level could ignite a new bull rally.” As of this writing, Ethereum trades at $2,050, a 13.5% surge in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com