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As Solana (SOL) attempts to reclaim a crucial level, a market watcher forecasted a massive rally for this quarter. However, some analysts suggested that the cryptocurrency will retest the range lows soon. Related Reading: Is Bitcoin’s Price Discovery Rally Over? This Week’s Performance May Hold The Answer Solana Nears Crucial Level On Tuesday, Solana surged 9.6% from the recent lows, driven by the start of Solana Mobile’s global shipments of the Seeker, its second-generation Web3 smartphone, to over 50 countries. The news propelled the altcoin to a multi-day high of $171, fueling bullish sentiment among investors before its price retraced to the mid-zone of its local range. Notably, SOL has been hovering between the $140-$180 range since the April-May breakout, attempting to reclaim the local high for the past three months. During the June correction, SOL momentarily lost its local range lows, retesting the $120-$130 zone as support. However, the cryptocurrency reclaimed its range amid the July rally, briefly breaking out of the upper boundary and hitting a five-month high of $206 two weeks ago. Since then, Solana has seen a 25% correction from the highs to the mid-zone of its local price range, currently trading between the $160-$164 levels. Amid its recent performance, analyst Ali Martinez highlighted SOL’s most crucial levels, based on the UTXO Realized Price Distribution (URPD) indicator. According to the chart, the key support area for the altcoin is around the $165 mark, where the largest supply cluster is with 44.4 million SOL, or 7.42% of the supply. As a result, Solana must reclaim the $165 level soon, or it will risk turning this key level into a key resistance, leading to further downside. Nonetheless, if this level is reclaimed, then the altcoin would have to retest the crucial resistance levels around $177 and $189, where investors have also accumulated 27.6 million and 23.6 million SOL, respectively. SOL Preparing For The ‘Real’ Run? Analyst Crypto Jelle highlighted Solana’s recent price action, asserting that SOL is “quietly trending higher” with higher lows and turning resistance levels as support. The market watcher forecasted that Solana would reach a new all-time high this quarter, as he doubts “the train stops anytime soon” once it finally breaks out of the $200 resistance. Meanwhile, Crypto Batman suggested that the altcoin will see another correction soon. To the analyst, Solana could have a 10% drop to its four-month ascending support line, which sits around the $150 level, before “the real move.” Per the chart, the cryptocurrency has bounced from this support line twice, in April and June, before rallying to local highs during the May and July price breakouts. Related Reading: Cardano Marks Historical Milestone With Governance Vote, Hoskinson Reacts Similarly, analyst Ted Pillows asserted that SOL could see a significant rally this year despite the recent underperformance, as network activity remains strong. He predicted a 10%-15% correction, affirming that “a dip towards $140-$150 before reversal is highly likely to happen.” As of this writing, Solana is trading at $$163, a 3.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

After falling below a crucial support level, Bitcoin (BTC) is attempting to recover some of its lost ground. An analyst suggested that this week’s performance will be decisive for the cryptocurrency’s next trend. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest Bitcoin Loses Bull Flag Formation Over the weekend, Bitcoin lost its post-breakout range for the first time in three weeks, falling to a local low of $112,296 on August 3. The flagship crypto had been trading between the $114,000-$120,000 range since the early July breakout, hitting its all-time high (ATH) of $122,838 amid the rally. As July neared its end, BTC experienced some volatility, retesting the range lows twice over its last week. However, the cryptocurrency was unable to repeat its price recovery from the previous weekend, losing the crucial area on August 1. Rekt Capital noted that Bitcoin’s rally could be at risk, explaining that BTC has formed a bull flag in the weekly chart and held the pattern’s lows as support until the latest Weekly Close. Following its recent price action, the analyst considers that this week’s performance will be pivotal to see whether the pattern’s bottom, around the $117,200 area, will become a new resistance and confirm the breakdown, or if the flagship crypto’s price will recover the structure. According to the analysis, if the price can reclaim the structure, the correction would be considered a fake downside deviation before resynchronizing with the pattern. Meanwhile, turning the pattern’s bottom into resistance would be a bearish retest, confirming the breakdown, and potentially leading to a new retest of the $112,000 area as support. BTC’s Weekly Close To Determine Next Trend Rekt Capital also detailed that this week’s performance will determine the future of BTC’s second Price Discovery uptrend, which has technically started its fifth week. Depending on what happens to the Bull Flag (reclaim or a confirmation of the breakdown), we will know whether the Price Discovery Uptrend 2 will continue or whether BTC has experienced a very short PDU2 instead. Last week, the analyst retesting that the continuation of the Price Discovery trend could fail as BTC transitioned into weeks 5-7 of this phase. Historically, the second uptrend has started to slow down around Weeks 5-6, hitting its peak during this “Danger Zone.” If Bitcoin reclaims the Bull Flag and challenges new highs, then its second Price Discovery uptrend will progress according to its historical tendencies. However, if it fails to Weekly Close above the pattern’s bottom and confirms additional downside, the second Price Discovery uptrend would have ended in Week 2, much quicker than has historically been the case. Moreover, it would reveal that BTC has been in its second Price Discovery Correction, which “would be going completely against the grain of history.” Related Reading: Analyst Warns XRP Investors Not To Let Fear Dictate Moves As Long As Price Holds This Level The analyst suggested that macro-wise, Bitcoin still has plenty of time for a third Price Discovery uptrend. If the second phase has already ended, a final uptrend could overcompensate for the current uptrend’s underperformance. Previously, Rekt Capital asserted that what comes after the second uptrend would depend on how long the corrective phase takes, as a shot correction could allow for a third uptrend before the bear market. Featured Image from Unsplash.com, Chart from TradingView.com

As the market soared in July, crypto hacks also saw a significant increase from the previous month, with crypto exchanges losing over $100 million in the past 30 days. This follows a concerning trend that has been developing this year, which suggests that theft from digital asset services could reach a new milestone by the end of 2025. Related Reading: ‘Hated Rally’ Coming? Pump.Fun (PUMP) Soars 30% From Lows Amid Token Buybacks Crypto Exchanges Lose $114 Million In July On Friday, security firm PeckShield noted that the total losses from crypto hacks reached $142 million in July, with crypto exchanges topping the list. CoinDCX, GMX, and BigONE recorded 80% of the total losses. Notably, Indian exchange CoinDCX suffered the highest loss of the month after a security breach on July 19 resulted in the transfer of $44 million in USDT from one of the platform’s wallets to six unknown personal wallets. Hackers were able to access the crypto exchange’s system after compromising an employee’s login credentials. Recent reports revealed that the employee was allegedly lured into a fake job task and persuaded to download and use his CoinDCX-designated laptop to complete tasks, unsuspectingly downloading files with malware. Meanwhile, Perpetual and spot crypto exchange GMX recorded the second-largest hack of the month after losing around $42 million on July 9 when an attacker exploited a vulnerability in the protocol’s first version on Arbitrum. GMX V1’s vault contract had a vulnerability that allowed the attacker to manipulate the GLP token price through the system’s calculations, resulting in approximately $42 million worth of assets being transferred from the GLP pool to an unknown wallet. Nonetheless, the incident saw a happy ending after the hacker accepted a white-hat bounty and returned most of the funds. As reported by NewsBTC, the exploiter returned $10.49 million worth of FRAX and 10,000 ETH, valued at $30 million, on July 11. 2025 Alarming Trend Continues Based on data from PeckShield’s previous reports, Q2 showed a diminishing trend in total crypto losses, with May and June recording 40% and 56% month-on-month (MoM) declines, respectively. However, the short-term trend changed in July as the total value of stolen funds surged 27.2% from June’s $111.6 million. Additionally, the total number of major incidents slightly increased by 13.3%, from 15 registered incidents in June to 17 hacks in July. This follows a broader trend developing this year, as Chainalysis explained on its “2025 Crypto Crime Mid-Year Update.” In the report, the on-chain analytics firm revealed that crypto theft this year has been “more devastating” than the entirety of 2024, with over $2.7 billion worth of funds stolen from crypto services in the first half. Related Reading: Ethereum Celebrates 10 Years: Coinbase CEO Shares Vitalik Buterin Anecdote As ETH Eyes $4,000 By the end of June, more value had been stolen year-to-date (YTD) than during the same period in 2022, suggesting that theft from crypto services could potentially increase another 60% by year’s end. Additionally, YTD activity shows a steeper trajectory into the end of the first half, with an alarming velocity and consistency, than in previous years. For reference, 2025 required 142 days to hit the $2 billion mark in value stolen from platforms, while 2022 reached this volume in 214 days.  “If this trend continues, we could see 2025 end with more than $4.3 billion stolen from services alone,” the report forecasted. Featured Image from Unsplash.com, Chart from TradingView.com

As Ethereum turns 10 years old, the crypto community has gathered to celebrate the network that helped shape the industry over the past decade, with anecdotes from industry leaders and bullish predictions for Ether’s (ETH) upcoming price action. Related Reading: Analyst Says Bitcoin’s Final Leg Is Near – Time To Be ‘Cautiously Optimistic’? Ethereum Hits 10-Year Milestone Ethereum and the crypto community are celebrating the blockchain’s 10th anniversary by highlighting some of the ecosystem’s key events since 2015, like the ICO craze, the non-fungible tokensFT boom, The Merge, and spot exchange-traded funds (ETFs). In an X post, Unchained host Laura Shin listed some of Ethereum’s milestones, including its first spot in client diversity, Total Value Locked (TVL), and the number of ecosystem developers. Shin also emphasized the network’s 100% uptime rate during the last 10 years. One of Ethereum’s developers, Lefteris Karapetsas, commemorated the anniversary by sharing some pictures from July 30, 2015, stating, “We were a small team of hackers in an office in Kreuzberg in Berlin and we had just launched the Ethereum network. The rest is history. Looking back at the last 10 years, I am excited about the next 10 years, the next 25, the next 100.” Meanwhile, Coinbase CEO Brian Armstrong revealed how the US immigration system technically “contributed” to Ethereum’s creation: Fun fact: I met @vitalikbuterin in 2013 at the San Jose Bitcoin conference when he was writing for Bitcoin Magazine (his writing was great). A few months later I invited him to come by Coinbase’s first office in San Francisco for a visit and he showed us some cool stuff on his laptop. Armstrong explained that he tried to hire Vitalik Buterin in 2013, but due to a series of circumstances, including problems obtaining a US work Visa, Buterin was forced to return to Canada. “While he was stuck in Canada, he created Ethereum,” the CEO detailed, “So, in a way, the sub-optimal immigration system in the U.S. contributed to the creation of Ethereum.” Bankless co-founder David Hoffman jokingly replied that “Coinbase almost prevented Ethereum from ever happening.” ETH’s Birthday Fun Delayed? On its birthday, ETH started the day trying to reclaim the $3,800 mark, which some analysts consider the “last major resistance” before new highs. The King of Altcoins has been attempting to successfully break out from this level for over a week, with two failed attempts during this timeframe. At the start of the week, the cryptocurrency briefly surged above this level, hitting a seven-month high of $3,941 on Monday. However, the recent market pullback sent Ethereum back inside its local range. During the Wednesday celebrations, ETH’s price suffered 4% drop to the $3,680 area, fueled by the US Federal Reserve (Fed) announcement of its decision to leave interest rates unchanged. Nonetheless, it quickly recovered from the initial market reaction, which saw liquidations worth $212 million in just 60 minutes. Related Reading: Injective Targets $25 Amid Crucial Breakout Attempt – New Highs In Sight? Crypto analyst Ali Martinez affirmed that as long as the $3,300 support zone holds, ETH “could be on track for a move to $4,220 and potentially $5,140, based on the MVRV Pricing Bands.” Similarly, market watcher Merlijn The Trader noted that “liquidity is pulling Ethereum like a magnet. ETH is gravitating toward $4,000, the largest wall of resting orders in months. One clean push… and it detonates.” As of this writing, ETH is trading at $3,760, a 5% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

As Bitcoin (BTC) continues to trade within its local range, the cryptocurrency eyes a trend continuation, aiming to go on uncharted territory again. Despite the bullish setup, an analyst suggests that investors start to become more cautious as the weeks progress. Related Reading: Injective Targets $25 Amid Crucial Breakout Attempt – New Highs In Sight? Bitcoin Bull Flag To Determine Next Move Since the early July breakout, Bitcoin has been trading within a crucial price range, hitting its latest all-time high during this period. The flagship crypto has been hovering between $114,000-$120,000, retesting the local lows on Friday before recovering the range highs over the weekend. Amid this performance, market watcher Crypto Patel highlighted that BTC is trading inside a bull flag formation in the 4H chart, which could lead to an 8%-12% move once broken out. According to the analysis, if the cryptocurrency successfully breaks above the pattern’s descending resistance, near the $120,000 mark, its price could see a surge toward the $130,000 barrier for the first time. On the contrary, a rejection from this area could send Bitcoin toward the bull flag’s support, around $114,000, once more. The analyst warned that despite the key support’s strength, a breakdown below this level would invalidate the bullish pattern and risk a drop to the $100,000 level or below. In a Monday analysis, analyst Rekt Capital also discussed BTC’s bull flag in the weekly chart. He noted that Bitcoin closed last week above the bull flag top despite the Friday drop, “preparing and positioning itself for a confirmed breakout.” Therefore, the start-of-week pullback could be considered a volatile post-breakout retest if the cryptocurrency closes this week above $119,200. The analyst explained that “price has an entire week to do that; in fact, price could downside wick below the Bull Flag bottom to form a potential Diamond-Shaped candlestick formation in the downside wicks.” “It makes sense why price needs to dip,” he detailed, “it also makes sense for price to dip via the perspective of the newly formed Weekly CME Gap.” BTC’s Rally Running Out Of Time? As Daan Crypto Trades pointed out, BTC opened the week with a new CME Gap between $118,297 and $120,035, which was immediately closed on Monday, as the price retraced to the $117,000 mark. Notably, the flagship crypto has been closing its CME Gaps at the start of the week for the past five weeks, “building quite the streak at this point.” To the trader, “the longer this goes on, the more of a self-fulfilling prophecy it will become.” Rekt Capital also highlighted that Bitcoin has entered Week 4 of its second Price Discovery Uptrend, asserting that if BTC confirms a breakout from the weekly bullish flag, then “trend continuation in Price Discovery Uptrend 2 would be achieved.” Related Reading: Bitcoin’s Rally Might Be Running on Fumes, Analyst Warns of August Turning Point He warned that the second Uptrend could not last much longer. According to the analyst, the trend continuation could fail in the coming weeks, as the cryptocurrency transitions into the Weeks 5-7 of this phase. It’s worth noting that this cycle’s first Price Discovery uptrend lasted around 6-7 weeks before reaching the local top. As a result, he considers it “would be conservative thus to become increasingly cautious as time goes on,” starting to become “cautiously optimistic” from this week on. As of this writing, Bitcoin is trading at $117,161, a 2.1% decline in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Injective (INJ) has hit a five-month high after retesting a crucial resistance level on Monday and attempting to break out from a bullish pattern. Some analysts suggested that the cryptocurrency will have a massive run in the coming weeks. Related Reading: Bitcoin Demand Builds at $117K: Cost Basis Distribution Defines Key Support Level Injective Retests Crucial Levels Over the past month, Injective has recorded a substantial bullish performance, climbing 40% since late June, when the cryptocurrency traded below the $10 support. Since hitting its December high of $35.26, INJ has retraced around 60%, falling below this key support multiple times. During the April-May market recovery, the cryptocurrency broke out of its multi-month downtrend and climbed to its $10-$15 local price range, hitting a multi-month high of $15.48. However, the June pullback sent the token’s price to the $9 support zone before it bounced, tested the $10-$12 area, and broke out of its one-month downtrend in early July. At the time, analyst Crypto Rand suggested that a breakout above the $12 resistance level would “trigger the bull reversal,” which would push the token’s price toward the local range high. Injective has been attempting to reclaim the crucial $15 range high since its early July breakout, hitting a five-month high of $16.35 on Monday and passing the $16 barrier for the first time since February. Amid the token’s momentum, Crypto Rand noted that “INJ following the path, we are going straight to $30” as the first stop.” He added that Injective has become the Layer-1 (L1) with the highest code commits over the past 365 days. A recent report showed that the network is leading with 36,500 commits, 3.2% ahead of other L1s. Is A Rally To New Highs Near? Analyst Ali Martinez highlighted that Injective could see a 66% rally if it breaks out of a triangle formation. According to the chart, the cryptocurrency has been forming an ascending triangle pattern since March, with the key resistance level sitting around the $15 area. Amid its start-of-week pump, the cryptocurrency briefly broke out of the pattern but ultimately failed to hold above the crucial resistance. Notably, INJ fell below the $15 mark after failing to reclaim this level, retracing 10% intraday. However, reclaiming the key resistance would propel Injective to $25, a level not seen since January. Meanwhile, market watcher Crypto Patel pointed out an inverse Head and Shoulders pattern forming on Injective’s chart over the past six months, which could propel the token to a new yearly high if it breaks out. He highlighted that the INJ’s rising trendline support remains intact, while the pattern’s neckline has been retested twice, with the price compressing between these two levels. To the analyst, Injective needs a daily close and hold above the $16.20 area to confirm the breakout. If it reclaims this level, the setup would target a 153% move toward $41 mark, with the post-breakout initial targets sitting around the $26.36 and $34.32 resistances. Related Reading: TRON Sees $1B USDT Mint: Liquidity Wave Incoming? On the contrary, he affirmed that falling below the $12 support zone would invalidate the setup, which could also send the token’s price to the next support level around the $10 mark. As of this writing, Injective trades at $14.70, a 4.6% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Dogecoin (DOGE) has retraced alongside the rest of the market to retest a crucial level as support. Some analysts suggest that holding its current price range would set the stage for reclaiming the next key area. Related Reading: PENGU Leads Top Memecoin List Amid 20% Daily Surge – What’s Behind The Rally? Dogecoin Retests Breakout Levels On Wednesday, Dogecoin momentum saw a momentary pause as Bitcoin and most of the market’s rally slowed down. The leading memecoin has recorded a massive run over the past week, increasing over 25% in the last seven days. At the start of the month, DOGE recovered from the June pullback and climbed to the $0.20 level for the first time since May. After reclaiming this crucial level mid-July, the cryptocurrency consolidated around this area, building a base before resuming its bullish run last Wednesday. Over the weekend, Dogecoin broke out of the $0.23-$0.24 resistance, soaring past the May highs to hit the $0.28 area on Monday. The token near this level on Tuesday, hovering between the $0.26-$0.27 price range. However, today’s pullback saw the memecoin drop approximately 9% in the daily timeframe and retest its breakout level around the $0.23 mark. Despite the correction, crypto analyst Kaleo affirmed that “If you’re not stacking Dogecoin on the retest of this breakout, you’re wrong.” The analyst highlighted that the token is repeating its Q4 2024 performance, when it retested its breakout level as support before starting the explosive rise to its multi-year high of $0.48. Amid the retracement, Ali Martinez also asserted that DOGE is retesting the neckline of its double bottom pattern, situated around the $0.25 mark. To the analyst, “This is a key support zone that could offer a solid entry point before the next leg up.” Notably, he previously suggested that as long as the token holds this area as support, a rally toward the $0.33-$0.40 is likely, adding that the next major resistance barrier is at $0.36. DOGE Weekly And Monthly To Determine Next Move Rekt Capital noted that Dogecoin has successfully retested its multi-year technical uptrend as support, which enabled its rally to the upside. He explained that price is currently “pressing beyond its pre-halving highs,” around the $0.22 level. A monthly close above this area would position Dogecoin price for a post-breakout retest of this level as support in August. The analyst highlighted that DOGE’s Pre-Bitcoin halving levels are confluent with the neckline of the double bottom pattern recorded in the Weekly chart. Rekt Capital explained that “any dips on the Weekly timeframe into the ~$0.22 region would figure a post-breakout retest attempt of the Double Bottom to fully confirm a breakout, whereas on the Monthly any dips would figure as a key technical milestone to finally turn Pre-Halving highs into new support.” Related Reading: Ethereum Price On The Verge: Banks And State Buy To Push ETH Above $5,500? Nonetheless, Dogecoin’s re-challenge of the $0.27 resistance depends on the success of the ongoing retests, as it would signal that this area is weakening as a rejection point and making a reclaim more likely during the next attempt. As of this writing, Dogecoin is trading at $0.24, a 54% increase in the monthly 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

Solana (SOL) has retested a crucial resistance level after recovering the $150 level over the weekend. The surge, fueled by the upcoming launch of a SOL-based staked exchange-traded fund (ETF), has led some analysts to forecast a rally toward the next key target. Related Reading: Bitcoin Price At $145,000 In September? Bullish Dojis Suggest Upward Move Solana Staked ETFs Coming On Wednesday On Monday, Solana’s price soared to a key resistance level following the introduction of “the first-ever Solana staked crypto ETF in the US.” Rex Shares announced it will launch a Solana-based staked ETF this Wednesday, aiming to offer exposure to SOL and staking rewards. According to the X post, the REX-Osprey ETF will track SOL’s performance while “generating yield through on-chain staking,” starting a “new era of yield-generating crypto exposure.” As a result, Solana climbed to the $160 barrier, which led to nearly $9 million in short positions liquidated on Monday afternoon. Market Watcher Daan Crypto Trades considers Solana “bounced nicely over the weekend” but has yet to turn the Low Timeframe (LTF) trend around. He explained that reclaiming the $159-$167 area is necessary to aim for higher levels. Additionally, the Daily 200-day Moving Average (MA) and Exponential Moving Average (EMA) are currently located within this range. “I would want to see price trade back above that to start targeting the $180-$200 region again,” he detailed. Nonetheless, the trader questioned whether a Solana spot ETF-driven rally will fuel the cryptocurrency’s run. Notably, multiple investment firms, including Grayscale, VanEck, 21Shares, and Bitwise, have filed with the Securities and Exchange Commission (SEC) to launch a spot SOL ETF in the US. According to recent reports, the investment products have a “high likelihood” of being approved in the coming weeks, which has seemingly fueled investors’ expectations of a bullish “Solana Summer.” “The big question is how much demand there will be,” Daan asserted, noting that Ethereum (ETH) sport ETFs, approved in July 2024, had a disappointing launch and “only started seeing decent inflows about a year later.” SOL Ready For Another Breakout? Following the ETF-fueled breakout, analyst Hardy noted Solana’s “Textbook move, clean breakout, clean retest, and pump,” which could trigger a run toward the $200 barrier. Notably, the cryptocurrency saw a remarkable performance over the weekend, reclaiming the $144-$148 crucial area and breaking past the $150 mark. Amid this performance, the analyst highlighted that Solana had broken out of its local downtrend line after reclaiming the $148 resistance and was retesting the breakout zone. He explained that there is “Juicy liquidity sitting above, ready to be taken,” adding that Solana needed to hold the $150 support to continue its bullish run toward the next target. Related Reading: Analyst Reveals Rational Behind XRP Price Reaching $9.5 And $37.5 Meanwhile, analyst Crypto Batman considers that Solana is “setting up very nicely” after the $160 retest. Per the post, “It has broken out from a bullish flag pattern that bottomed at the 0.618 Fibonacci level, a clear sign of impulsive strength in the trend.” It’s worth noting that SOL has been trading within the bullish formation since the May breakout, hovering between the $130 and $180 range for nearly two months. The analyst forecasted that a quick retest to close the bullish Fair Value Gap (FVG) and the pattern’s upper boundary, around the $148 area, “could set the stage for the next leg.” As of this writing, Solana is trading at $155, a 2% increase 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

This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC. Related Reading: Solana Price At ‘A Very Delicate Level’ – Analyst Says $148 Reclaim Is Key Bitcoin Sees Transitional Period On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been “truly a cycle of re-accumulation ranges,” explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year. In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows. For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month. Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area. According to the analyst, this is “perhaps the first time that we’re seeing a deviation occur below the range high,” making this area a crucial level to transition into a new uptrend. We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different. Weekly Close Key For BTC’s Future Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.” To the analyst, it’s key that this week’s close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend. Rekt Capital added that the timeline for BTC’s next uptrend will depend on the length of the new transitional period. However, he believes that it will take “a bit longer” to break out. Related Reading: Injective Prepares For Bullish Reversal Amid 25% Recovery – Analyst Forecasts Massive Breakout Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025. Nonetheless, the analyst affirmed that it’s crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market. As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Despite recovering from the weekend retrace, Solana (SOL) is trading between two levels that could make or break the altcoin’s rally. Nonetheless, some analysts suggest that the cryptocurrency could be gearing up for a massive breakout beyond the local highs. Related Reading: Injective Prepares For Bullish Reversal Amid 25% Recovery – Analyst Forecasts Massive Breakout Solana Sits At Decisive Level On Wednesday, Solana fell to the $143 mark after failing to reclaim a crucial area lost over a week ago. Following the May breakout, the cryptocurrency hovered between the $148-$184 price range, hitting a four-month high of $187 at the end of last month. However, the June market pullback saw SOL lose its range and move toward the $144-$148 levels. This area was briefly lost during the weekend retrace, with Solana falling to the $125 support level before recovering. Over the past three days, the altcoin has surged nearly 15%, touching the $148 barrier on Wednesday morning, which has been one of the key levels since May. After recovering from the recent drop, SOL has attempted to reclaim this level, but was rejected once again. Analyst Sjuul from AltCryptoGems highlighted that Solana “just completed a very nice V-shaped recovery from the low,” but noted that the cryptocurrency is at a “very delicate level” as it trades within the $144-$148 zone. He suggested that investors should pay attention to this area, as a reclaim of the $148 resistance could propel the price to a “quick move to the upside.” On the contrary, rejection from this level and losing the $144 range low could signal that the recent price action was a bearish retest. Analyst Man of Bitcoin affirmed that a “sustained break above the resistance zone would be the first signal that the chart has formed a low. He detailed that a confirmed break above the $148 resistance would support the case for a reversal. Nonetheless, he warned that a potential scenario “with one more low in wave-5.” SOL Ready For A Rally Continuation? As price hovers between the $143-$144 levels, market watcher Altcoin Hunter considers that SOL is “dancing with the devil.” He pointed out that the cryptocurrency has been trading within a one-month falling wedge, with the $148-$150 rejection zone “coming in HOT.” Per the post, failing to break out will send Solana “back to the shadow realm,” but “given how easily market sentiment shot up, Valhalla is likely.” Meanwhile, trader Rose Premium Signals stated that the cryptocurrency is “preparing for a strong breakout” from its one-month falling wedge pattern. Related Reading: Cardano Headed For $0.32 If This Level Isn’t Reclaimed – Is ADA’s Rally Over? The market watcher that Solana bounced from the crucial $125-$130 demand zone, which is in confluence with the 0.618 Fib level. Notably, the altcoin held above this area on the weekly timeframe despite the pullback. According to the trader, a breakout from the formation could trigger a “sharp move upward” toward the initial $204 target, potentially followed by a surge toward the $229 and $258 areas. As of this writing, Solana is trading at $143, a 1.3% decline in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Injective (INJ) is leading the crypto market with a 26% recovery from the recent lows, suggesting a “strong” rally could be around the corner. Some analysts forecast further upside for the token if it reclaims a key price area. Related Reading: Cardano Headed For $0.32 If This Level Isn’t Reclaimed – Is ADA’s Rally Over? Injective Sees Strong Daily Move On Tuesday, Injective saw a massive recovery from its recent drop to the $9 mark, and it’s attempting to reclaim a crucial resistance level. The cryptocurrency has been in a downtrend this month, driven by the increasing global geopolitical tensions. Since hitting its December high of $35.26, INJ has retraced over 65%, dropping below the $10 support multiple times during the 2025 retraces. However, the April-May rally saw the cryptocurrency break out of its multi-month downtrend and climb to its $10-$15 local price range. Following Monday night’s news of a potential ceasefire between Israel and Iran, Injective, alongside the rest of the market, reclaimed some of its recently lost levels, surging to the $11 area on Tuesday morning and nearing a crucial resistance. Notably, INJ recorded a 26% rally intraday to hit the $12.02 mark, becoming one of the leading tokens during the crypto market’s rebound. Analyst Crypto Rand noted that the cryptocurrency is now pushing over the June downtrend resistance following its price recovery, suggesting an explosive surge. According to the post, a breakout above the $12 resistance range would “trigger the bull reversal,” which could propel Injective’s price toward the local range high resistance around the $15 mark. Meanwhile, Crypto Busy highlighted that the cryptocurrency “just delivered one of the strongest moves in today’s altcoin rally” in “just a few candles” after bouncing from the $9 support zone. The analyst added that INJ continues to be “one of the most responsive altcoins when Bitcoin bounces,” forecasting potentially more bullish price action driven by the Injective Summit 2025, scheduled for June 26. INJ Ready For Massive Rally? Market watcher Clinton highlighted that INJ just completed its retest of its multi-month descending broadening wedge. According to the post, Injective bounced from the pattern’s resistance level, confirming the May breakout in the daily timeframe. This could set the cryptocurrency’s price for a 100%-150% “massive bullish rally” toward the $23-$30 levels if price holds the $11.5-$11.6 support zone, which served as a key area over the past two months. Additionally, analyst Sjuul from AltCryptoGems affirmed that Injective is forming a “very clear” Power of Three (Po3) setup since the May Breakout. In this pattern, a cryptocurrency’s price cycle is divided into three phases: accumulation, manipulation, and distribution. The first phase sees a token’s price consolidate near the recent high after a strong performance. This is followed by the price falling below the accumulation phase support level, trading within a range below the recently lost zone. Related Reading: Bitcoin Buy-Side Pressure Surges: Taker Buy Volume Spikes Sharply Lastly, a strong price breakout occurs in the third phase, with momentum building as participants enter the market. Based on this, Injective has entered the distribution phase, which is expected to lead to a “nice expansion” toward the $16 local resistance, “as long as we don’t find acceptance back below support.” As of this writing, Injective is trading at $11.64, a 3% 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 market performance, BNB is attempting to reclaim the $650 level. Some analysts believe that a breakout toward the $700 barrier might occur next, which could lead to a bigger move to new highs. Related Reading: Solana Correction About To End? Analyst Forecasts $130 Retest Before Next Wave Up BNB Breakout To Retest $700 On Friday, BNB dropped to the $640 support after failing to hold the mid-zone of its local price range. The cryptocurrency has been trading within the $630-$690 price range following its reclaim of the $600 barrier last month. During the May breakout, BNB neared the crucial $700 resistance level, hitting a four-month high of $697. This key level propelled the altcoin’s price toward its $788 all-time high (ATH) after being broken in late 2024 and was lost during the early 2025 pullbacks. Now, the cryptocurrency is eyeing a reclaim of this area as support to continue its price recovery. Analyst Carl Runefelt from The Moon Show noted that BNB displays a one-month descending triangle pattern on the daily timeframe, with price compressing between the support and resistance levels. According to the chart, the formation’s support sits around the $635 level, while the descending resistance sits around the $650 area. To Runefelt, a bullish breakout from this pattern could propel the token 10% toward the $700 resistance. Notably, reclaiming and confirming this key area as support could also send BNB’s price toward another crucial horizontal level. Analyst Crypto Batman recently highlighted that BNB is forming a multi-month ascending triangle, “holding strong” near the ascending trendline after continuing to bounce from the $635-$640 support zone. To the market watcher, “Even with market uncertainty, BNB structure is clean after respecting the trendline and bouncing off major support, now eyeing a breakout above $700,” which could be part of a bigger move toward the $800 level. Is A Move To $800 Coming? Crypto Batman also noted that the cryptocurrency could be following the same price action as last year. He asserted that the altcoin’s price “loves testing key zones before liftoff,” adding that it is displaying the same base form as it did in Q3 2024. Last year, the token formed a three-month base around the $460-$470 area, which led to an “explosive” run over the next few months. This year, BNB formed a similar base near the $550 level, and it’s “showing strength again.” To the analyst, “If the pattern repeats, then patience will give us profits.” Additionally, he pointed out that despite the early April retraces, BNB held its macro range, trading above the range lows and multi-time-tested support. Related Reading: SUI Preparing For New Highs As Falling Wedge Breakout Targets $5 The cryptocurrency is now consolidating near the mid-zone, which could propel the price to a retest of the macro range highs around the $729 mark. He explained that “If we see a breakout above the $729 resistance, it could open the path toward a 50% move to the upside.” The analyst affirmed that BNB’s structure remains bullish as long as the cryptocurrency holds the $490-$500 levels, adding that the $600 mark is also a strong support. As of this writing, BNB is trading at $641, a 2.9% 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

Amid the tension in the Iran-Israel conflict, the cryptocurrency market experienced another daily pullback. Bitcoin (BTC), which had just recovered from Friday’s drop, erased its recent gains and recorded a 4.5% dip to the $103,000 mark in the past 24 hours. However, some analysts believe that the flagship crypto is preparing for a big move in the coming weeks. Related Reading: Ethereum Eyes Big Move As Price Compresses Between Key Levels – $2,100 Or $4,000 Next? Bitcoin Could See Massive Move Soon On Monday, Bitcoin attempted to break its post-November range high but failed to hold the $108,000-$109,000 area as support for the fourth time in a month, falling back into its larger range. Market watcher Daan Crypto Trades noted that this resistance level remains a key area to watch, adding that “without a clean break above, it’s not the time to get excited just yet.” Nonetheless, the trader considers that the BTC is “setting up for a large move” as the cryptocurrency continues to hold its monthly range between $100,000 and $110,000. He asserted that this range will break “at some point in June,” as well as the current weekly high and low, which have “a very low probability of being held” in the coming days. Daan added that a break from these levels is highly possible in the next 1-2 weeks, likely leading to a big move in the direction of the break. Analyst Sjuul from AltCryptoGems highlighted the crypto market’s performance and investors’ concerns amid the war-related headlines, noting that Bitcoin reacted in a similar pattern during past geopolitical and crypto-related events. According to the analyst, global events’ uncertainty has led to mass liquidation and on-chain panic multiple times since 2020, leading to 30%-50% crashes. However, the market has recovered from these events after significant accumulation. Here’s the pattern: Big event (Black Swan). Panic headlines. Sharp BTC dump. Retail Panic sells. Smart money buys. Time passes. Bitcoin hits new highs. Based on this, Sjuul forecasted a strong Bitcoin pump and a new all-time high (ATH) once the current war tensions are over. BTC Holds Key Support Amid Pullback Meanwhile, analyst Rekt Capital emphasized that Bitcoin has been retesting its old range high as support for the past six weeks and showing stability around the $104,400 level during this period. According to the analyst, as long as BTC’s price Weekly Closes above this level, the candle wicks below it are “just noise” and it is positioned to transition into its Second Price Discovery Uptrend. He also pointed out that the cryptocurrency has only seen a less than 10% dip during the recent pullbacks. Moreover, these drop depths have also been diminishing, with the first rejection producing a 7.72% drop and the second dip being 5.79% deep, while the current rejection has seen a 4.5% retrace so far. Rekt Capital considers the strongest support to be between the $102,000-$104,000 area, and the final level to break is the range high resistance of $108,890. Related Reading: XRP Must Complete Right Shoulder Before Takeoff—But How Low First? “As long as this resistance isn’t rejecting price too much, then maybe it’s getting weaker over time,” he affirmed, concluding that a weekly close above this level would be “a very strong sign for a reclaim of this resistance into new support to springboard price higher.” As of this writing, Bitcoin is trading at $105,085, a 1.1% jump in the past hour. 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

After hitting a one-week low on Thursday, Bitcoin (BTC) is attempting to reclaim the key $104,000-$105,000 area as support, but some analysts have warned that a visit to its range’s lows could be in BTC’s short-term future if volatility continues. Related Reading: ONDO To Repeat 2024’s ‘Parabolic’ Run? Analyst Anticipates 130% Rally Soon Bitcoin to Continue Choppy Performance On Thursday afternoon, Bitcoin dropped 5.5% to the $102,000 support fueled by the news of the Iran-Israel conflict. Amid the market pullback, the flagship crypto failed to hold its $108,000-$110,000 three-day range, falling to the mid-zone of its post-November breakout range. Notably, BTC had just recovered from last week’s retest of the $100,000 level, reclaiming the key $106,800 area as support earlier this week. Daan Crypto Trades noted that the cryptocurrency “saw a clear trigger on that retest of the range high,” driven by the headlines of the Middle East turmoil, as it is “still quite a volatile and headline-driven market currently.” Bitcoin took the liquidity above and below its local price range, the analyst explained, adding that it is “already starting to trade more like the choppy (pre) summer environment” he had forecasted. Despite the drop, the analyst highlighted that the range high remains the key level for a larger move up: I think the range high is a key area for the Bulls to hold on to. If not, I think there’s a case to be made for a local high to be put in and for the market to move back further within this range. At this point, I’m fairly certain that if price breaks either the current monthly high or low, it will keep trending that direction for the rest of June (and possibly beyond). However, he suggested investors be cautious until BTC price breaks back above the range high convincingly and holds it as support on the higher timeframes.  “Don’t chop yourself up in the next few weeks/months,” he warned. Volatility Could Send BTC To Range Lows Analyst Carl Runefelt from The Moon Show highlighted a potential double top pattern forming on BTC’s 4H chart, noting that if the price didn’t bounce from the previous descending resistance, reclaimed a week ago, it could further drop into the mid-zone of its range. According to the analysis, if it loses the mid-range, BTC could risk a retest of the range lows, around the $90,000-$92,000 area. Similarly, market watcher Merlijn The Trader suggested that Bitcoin could fill the lower CME gaps if the war narrative intensifies. BTC opened two CME gaps between the end of April and the start of May, situated at the $92,500 and $97,300 levels, respectively. Nonetheless, the trader considers that this could serve as a discount entry for investors, as BTC “already left higher CME gaps open,” signaling that a rebound to the levels is likely. Moreover, he noted that Bitcoin is displaying the same structure as last year, which could hint at a massive rally brewing. In 2024, the cryptocurrency faced rejection from a multi-month descending resistance following its all-time high (ATH) rally, which set the Range high level. Related Reading: Ethereum Prepares For Massive Run After $2,800 Reclaim – ‘Up Only’ Ahead? According to the post, after the liquidity grab, BTC broke out of the key downtrend line, was rejected from the range high, and retested the descending resistance as support before a new rally. In 2025, Bitcoin appears to be following this path, currently retesting the descending resistance after the breakout. “If you know the pattern, you know what comes next,” he concluded. 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

As Ethereum (ETH) attempts to reclaim its January 2025 price range, the cryptocurrency has been holding a recently recovered level, leading some analysts to suggest another 10% surge before new highs. Related Reading: Bitcoin Eyes New Highs As Price Retests $109,000, But Analyst Warns Of Potential Pullback Ethereum Breakout Eyes $3,100 Ethereum has reclaimed the key $2,800 barrier for the first time since February, nearing the $2,900 level on Wednesday morning. The King of Altcoins had been trading between the $2,475-$2,680 range since its May breakout, unable to turn the range’s upper boundary into support. During last week’s retracement, ETH dropped to the $2,400 support before bouncing over the weekend. The crypto market’s recovery saw Ethereum surge toward the key resistance, finally breaking past it at the start of the week and hitting a three-month high of $2,879 today. Following this performance, Analyst Carl Runefelt from The Moon Show noted that the cryptocurrency had broken out of an ascending triangle formation and now targets the $3,100 resistance. The analyst previously highlighted ETH’s triangle pattern, which began forming at the start of last month’s recovery rally. During that period, the price compressed between the support and resistance lines, with the latter situated around the $2,700 mark. He forecasted a 15% surge toward the $3,100 level if the altcoin reclaimed the crucial resistance level. Based on this, Ethereum could climb another 10.7% if it holds its current range. Runefelt also pointed out another bullish formation in ETH’s trading pair against Bitcoin (BTC). According to the ETH/BTC chart, Ethereum also formed a bullish pennant pattern during the May rally. Amid this week’s recovery, the cryptocurrency has broken out of the formation’s upper boundary, eyeing a 30% surge toward the 0.03300 mark. ETH To Repeat History? Market Watcher Kaleo highlighted the resemblance between ETH’s performance between 2020 and 2025. According to the analyst, there are “a lot of similarities on the chart to where we are now vs. where we were in 2020.” As he explained, in the Spring of 2020, Ethereum experienced a major sell-off, fueled by the COVID-19 crash, which sent its price below a key higher timeframe (HFT) support. However, once the ascending trendline was reclaimed as support, ETH was “up only for the next 20 months.” Kaleo detailed the recent sell-off, caused by the Trump Tariffs scare, sent the altcoin below its multi-year ascending support trendline, adding that “ETH is currently on the verge of reclaiming that line.” Related Reading: Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner? The analyst suggested that if history repeats, investors could see “another great ETH bull run and accompanying alt season.” Meanwhile, analyst DonAlt affirmed that ETH’s chart looks “pretty good” amid its HTF range reclaim. To him, a new all-time high (ATH) is likely if the $3,800 resistance is reclaimed, while the rally’s invalidation level is a close below the $2,200 mark. As of this writing, ETH trades at $2,803, a 6.7% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Bitcoin (BTC) is trying to reclaim a crucial area amid its recent price recovery, which could propel the flagship crypto toward new highs. Some analysts suggested that BTC is preparing for the “final resistance,” while others warned that it still risks a potential pullback to lower levels. Related Reading: Solana Triangle Formation Breakout Targets Rally To $164 – Is A Recovery Around The Corner? Bitcoin Rally Eyes Next Resistance Bitcoin has finally regained significant bullish momentum after printing a massive daily candle on Monday. The flagship crypto recently lost its post-all-time high (ATH) range of $106,800-$109,700, sparking concern among some investors. Amid the recent market pullbacks, which began in late May, the flagship crypto also registered some volatility, losing key levels as support and hitting a one-month low near the $100,000 level last week. However, BTC reclaimed the $105,000 mark over the weekend before surging above the $106,800 crucial resistance on Monday. Following this performance, analyst Rekt Capital stated that Bitcoin has successfully retested the $104,400 re-accumulation range high resistance as new support for four weeks. He highlighted that BTC was “rebounding from this new support base in an effort to transition into Price Discovery again.” Additionally, Bitcoin ended its two-week downtrend, recording a Daily Close around the $110,500 area. Per the analyst, BTC “has skipped through the $106,600-$109,443 Daily Range entirely,” and is “once again positioning itself like in late May for a retest” of the range’s high as support, which propelled the price to its ATH last month. A daily close above the $109,443 level would set up BTC for a revisit of the “final Daily resistance,” around the $111,723 mark, before a new ATH. The analyst also affirmed that reclaiming the “final weekly resistance” of $108,900 as support would also add to BTC’s momentum. BTC In A ‘Dangerous Area’? Analyst Crypto Jelle suggested that turning the $108,000 price area into support could send Bitcoin to the price discovery phase, potentially targeting the $120,000 mark. He noted that previous unsuccessful breakout attempts failed to reclaim this level, but that the cryptocurrency is currently holding this area. Based on a multi-month pattern, Jelle also reaffirmed its $140,000-$150,000 target for BTC’s cycle top. The analyst highlighted a major inverted Head and Shoulders pattern forming since the end of 2024. According to the post, the pattern is “nearing completion” after the recent price drop formed the right shoulder, while the neckline sits around the $111,000 mark. A breakout above this level could send Bitcoin to Jelle’s cycle top target. Related Reading: Ethereum Price Eyes 38% Jump To $3,500 As 50EMA Swims Into View Altcoin Sherpa considers that BTC’s chart “looks pretty good” in the high-time timeframes, suggesting that he will be “bullish until shown otherwise.” However, he warned that Bitcoin is “still in a dangerous area” as it could drop to lower levels if it doesn’t reclaim the $110,000 level. To Sherpa, “it’s logical to assume some sort of pullback is going to come in the red supply zone,” which sits between the key resistance line and its ATH level. Meanwhile, Ali Martinez highlighted on X that BTC’s most important support area sits between the $102,770 and $106,090 levels, where 2.21 million addresses bought 1.39 million BTC. As of this writing, Bitcoin trades at $109,995, a 3.6% increase in the weekly timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Solana (SOL) has recovered from the recent market pullback after bouncing from its local bottom. Amid its recent breakout from a bullish formation, some market watchers suggest that the cryptocurrency could recover its start-of-year glory. Related Reading: Bitcoin Weekly Chart Flexes Strength—Is The Moonshot Just Getting Started? Solana Breakout Eyes $164 Solana is recording a 2.45% surge in the weekly timeframe after recovering from its recent drop to the $140 area. The altcoin 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. However, SOL lost the $160 area amid the recent market corrections, dipping 11% in one week. Over the weekend, its price bounced nearly 10%, reclaiming the $150 level as support and forming an ascending triangle pattern. Crypto analyst Ali Martinez highlighted the 3-day formation in Solana’s chart, suggesting a potential 6% jump to its recently lost support level. According to the post, the cryptocurrency broke out of the triangle formation on Monday after reclaiming the $155 area. A retest and breakout confirmation could propel Solana to the $164 barrier, which has not been seen in two weeks. Analyst CW noted that if SOL breaks through the selling barrier around the $160 level, “the previous price will recover quickly,” as reclaiming this level could send the price straight to the $180 area. Notably, the altcoin’s next significant selling wall is around the $180 resistance, which it has been unable to reclaim despite touching a $187 three-month high during the recent market rally. Recovering this key barrier could also push SOL’s price toward the $200 mark, enabling a rally to new highs. However, failing to hold the current levels could send the cryptocurrency’s price back toward the $142 buying wall, which served as support last week, or even the $135 level, where the next buy wall sits. SOL Preparing To Climb Higher? Market watcher Jeremy pointed out that Solana is “finally breaking out from this downtrend consolidation.” Per the post, the cryptocurrency has been consolidating in a descending channel since late May, hovering between the $140-$187 price range. Throughout this period, SOL’s price moved from the $180 mark toward the $144 support. Nonetheless, it broke out of the two-week descending channel after reclaiming the $155 level. Jeremy suggested that Solana’s price could “actually climb higher” if global conflicts and political disputes, like the Trump-Musk online feud, don’t continue to affect the market, concluding that “1 SOL = $300 is just a matter of time.” Related Reading: Pundit Says Do Not Ignore Ethereum Amid New All-Time Highs In Major Metric Meanwhile, crypto trader Coinvo recently affirmed that SOL’s bottom “is finally in,” highlighting a potential bullish megaphone pattern in SOL’s chart. The 18-month pattern shows that the fourth wave bounced from the formation’s lower boundary during the April pullback. This could signal a potential surge to the upper boundary, around the all-time high (ATH) levels, during the fifth wave. A breakout above the pattern’s resistance line could propel Solana to new highs As of this writing, Solana trades at $156, a 1.88% increase in the daily timeframe. Featured Image from Unsplash.com, Chart from TradingView.com

Amid the Trump-Musk online feud, Bitcoin (BTC) has hovered within the mid-and-low areas of its local price range, hitting a one-month low near the $100,000 support. However, some analysts suggest that the cryptocurrency is preparing for the “real” price jump toward a new all-time high (ATH) Related Reading: SUI Rally At Risk? Analysts Warn Of 30% Dip If This Level Doesn’t Hold Bitcoin Prepares For ‘Real Breakout’ Over the past 24 hours, Bitcoin experienced significant volatility fueled by the online feud between US President Donald Trump and Tesla and X owner Elon Musk. The flagship crypto’s price took a beating on Thursday afternoon after dropping by over 5% from the $105,000 level to the $100,000 support. Before the pullback, BTC had been attempting to reclaim its local mid-range area after its recent performance. Notably, the cryptocurrency traded sideways following its ATH rally to $111,980, hovering between the $106,800 and $109,700 price range. However, the cryptocurrency lost the key $106,800 support amid last week’s market retracement, which saw Bitcoin drop to $102,000 over the weekend. Since then, BTC has been attempting to reclaim the current levels. After yesterday’s drop, the largest cryptocurrency by market capitalization has surged 4.5%, climbing above the $104,000 level. Crypto trader Coinvo highlighted BTC’s one-year chart, pointing to the similarly looking price action between 2024 and 2025. According to the chart, Bitcoin recorded its first major pump after reclaiming its yearly opening level, consolidating within its new range for weeks before climbing to its Q1 2024 ATH. This year, the cryptocurrency has had a similar performance, although delayed, having reclaimed the yearly opening range and surging to the first major price surge in May. Similarly, analyst Alex Clay suggested that Bitcoin is preparing for the “real breakout” following its retests of the range’s mid-zone resistance in Q1 2025 and a “false” breakout last month. To the analyst, “We grabbed the liquidity below the Broken Supply Zone. Now looking for a Real Breakout” toward the $120,000 mark. BTC Price To Range For Two Weeks? The Cryptonomist noted that Bitcoin displays a 3-week bullish falling wedge formation, with the lower boundary sitting around the $101,000 level. Following the recent price drop, BTC bounced from that area, and could break out of the pattern if it reclaims the $105,000 barrier as support, targeting the $118,000-$120,000 levels. Meanwhile, market watcher Daan Crypto Trades highlighted that its price now trades at the mid-range again, near the Monthly opening price. To the trader, “it’s pretty safe to assume that these range high/lows are good triggers for whatever larger trend follows,” as BTC has been having a “relatively large move early in the month.” As he previously explained, Bitcoin tends to set its monthly high or low during the first week of the month, followed by a reversal in the opposite direction and a trend continuation until a new month begins. Based on this, he warned that if the price drops below yesterday’s lows, it will continue to trend down for another week or two, displaying “weakness and confirming a larger correction is due.” Related Reading: Ethereum Eyes 15% Move Amid Key Resistance Retest – Breakout Or Rejection Next? Nonetheless, if price surges above the monthly highs, around the $106,700 mark, “the correction is more likely to be over and there’s a good likelihood that we head to all-time highs and beyond.” “Good chance we range around this area for a while, though, without any of these levels breaking,” he concluded. As of this writing, Bitcoin trades at $104,224, a 2.6% increase in the daily 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