The Bitcoin price has been enjoying some form of resurgence over the past week, returning above the significant $115,000 level again. The premier cryptocurrency briefly crossed the $117,000 mark on Friday, August 8, capitalizing on recent bullish developments in the United States. On Thursday, August 7, United States President Donald Trump signed an executive order allowing cryptocurrency investment in 401(k) plans. The Bitcoin price rallied on the back of this positive development and looks set to continue this ascent back to its current all-time high. Why 118,000 Might Be Crucial For Bull Run Resumption In a recent post on the social media platform X, prominent crypto analyst Titan of Crypto put forward an interesting outlook for the Bitcoin price over the coming days. According to the current setup, the flagship cryptocurrency could be on its way back to its record-high price of around $122,800. Related Reading: Analyst Outlines How Production Cost Determines XRP Price, But Is It Better Than Bitcoin? Titan of Crypto highlighted that the Bitcoin price has been on an upward trend since April 2025 and recently just bounced off the ascending trendline. Also, the market leader has filled the Fair Value Gap (FVG), a liquidity void often created by a sharp movement in price. However, the Bitcoin price seems to be approaching a critical level around the Kijun-sen (blue line) from the Ichimoku Cloud indicator. The Kijun-sen, also known as the Base Line, often represents the market’s equilibrium and can act as a key support and resistance level. As shown in the chart setup above, the market leader has climbed back above the Tenkan-sen (red line), which is an indicator of early momentum shift. Meanwhile, the Kijun-sen (hovering around $118,000) appears to be the only obstacle in the way of Bitcoin returning to its all-time-high price within the $123,000 region. However, a sustained close above the “blue line” could suggest a resumption of the bull run for the price of BTC. Moreover, the Chikou Span (orange line), which is a lagging indicator, remains in the bullish zone, supporting a broader uptrend narrative for the market leader. Bitcoin Price Overview As of this writing, the price of Bitcoin stands at around $116,880, with no significant movement in the past 24 hours. This sluggishness does not adequately reflect the coin’s activity over the past week. According to data from CoinGecko, the premier cryptocurrency is up by more than 3% on the weekly timeframe. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says Featured image from iStock, chart from TradingView
The XRP price could be preparing for its biggest rally yet, as a crypto analyst now points to a potential breakout that could send this altcoin soaring. After weeks of stabilization and momentum building, XRP is now testing key resistance levels, with the daily timeframe hinting at a possible surge above $2.33. XRP Price Gears Up For Major Breakout Dark Defender, an X (formerly Twitter) crypto analyst, has revealed in a recent analysis that XRP appears to be setting the stage for a significant price shift, with its daily chart signaling a possible upward breakout. After weeks of consolidation below a descending trendline, the altcoin is now approaching a critical level that could become the trigger point for rapid momentum growth, if confirmed. Related Reading: XRP Price Could Hit $21 This Bull Cycle With 1.618 Fib Level As Next Target Currently, the daily timeframe shows XRP testing a long-term downtrend line that has consistently rejected upward movements since early 2025. This resistance level, marked clearly on the analyst’s chart, hovers just above $2.3. Dark Defender has indicated that a daily candle close above $2.33 could effectively invalidate the downtrend and signal a breakout that may lead to further upside. Notably, the analyst’s 1-day XRP price chart shows an explosive move toward a new high of $3.39—a level not seen since the 2018 bull cycle. With XRP currently trading at $2.1, a successful rally to this bullish target would represent an impressive 61.43% surge in value. Such a move would not only break XRP out of its current consolidation phase but also confirm the emergence of a sustained uptrend. Moreover, if momentum persists, it could set the stage for even higher price levels. RSI And EMA Signals Defend XRP’s Bullish Thesis Supporting Dark Defender’s technical analysis and bullish scenario for the XRP price is a rising Relative Strength Index (RSI), which has broken above a descending trendline and continues to trend upward. This shift suggests that XRP is building momentum as buyers finally regain control. Related Reading: Crypto Pundit Says XRP Is No Longer A Speculative Asset – Here’s What It Is Additionally, the analysis shows that price action remains above key Exponential Moving Averages (EMA), which are beginning to curl upward, signaling that the market trends could be turning in favor of the bulls. Although the Ichimoku Cloud technical indicator is not visible on the chart, Dark Defender notes that it is expected to flip bullish soon, further reinforcing XRP’s bullish thesis. Combined with the support held above the 200-day EMA, highlighted by the blue line on the chart, XRP appears to be entering a favorable technical zone. If price action aligns with the analyst’s projected setup and manages to hold candle closes above $2.33, it could mark the beginning of a stronger uptrend. Dark Defender also notes that “XRP’s slingshot pressure” is intensifying rapidly, further boosting the potential strength of the upcoming bullish wave. Featured image from Getty Images, chart from Tradingview.com
The BNB price is showing remarkable bullish strength on the weekly chart, with technical signals aligning for a potential surge to $1,000. The altcoin has not only broken resistance levels but is currently maintaining a stronghold above the 50-week Exponential Moving Average (EMA). BNB Price Set To Catapult To $1,000 With momentum building, Binance Coin (BNB) could be gearing up for a significant price move to $1,000, taking it well above all-time high levels. This forecast, published in an analysis report by TradingView crypto expert Unichartz, notes that the BNB price action has broken above a long-standing descending resistance line, indicated by the red line in the chart. Related Reading: Crypto Analyst Releases Next Potential Targets For Cardano, Is $1 ADA Still Possible? The breakout from this downtrend signals the end of a multi-month consolidation phase and a potentially imminent trend reversal. More notably, the cryptocurrency has reclaimed a historical support-resistance zone marked in the shaded gray area around the $460 – $535 range, which previously acted as a ”battleground for bulls and bears.” This key level is now serving as a potential launchpad for further gains, reinforcing the BNB chart’s bullish structure. Moving forward, the 50 EMA, highlighted by the orange line in the chart, has repeatedly acted as a dynamic support for the BNB price during pullbacks. The TradingView analyst has revealed that on multiple occasions, BNB bounced off this moving average, confirming it as a reliable foundation for a potential rally. As long as the price continues to trade above this 50 EMA and within the reclaimed zone, Unichartz’s outlook for BNB remains optimistic. With sustained bullish momentum, a retest of the all-time high zone around $793 is likely. A successful breakout above this level could trigger a 45.99% climb toward the psychological $1,000 mark. BNB Bulls In Control As Price Aims For Fresh Breakout Market analyst Wise Crypto has issued a bullish forecast for the BNB price, anticipating a massive breakout that could see the altcoin surge above $700 soon. According to the analyst, several technical indicators and bullish developments are aligning in favor of this projected price surge. Related Reading: Crypto Analyst Says “Altseason Is Dawning” As Bitcoin Dominance Reaches HTF Resistance, What To Expect On the technical side, Wise Crypto pointed to indicators like the EMA, DMI, and Ichimoku Clouds flashing bullish. Fundamentally, the analyst emphasized Binance Coin’s growing Decentralized Exchange (DEX) volume. Notably, BNB’s DEX volume has skyrocketed by an impressive 85.66% increase within one week. The DEX trading volume saw a rise of about $34.85 billion, placing it well above its major competitors, Ethereum and Solana. Moreover, Wise Crypto has declared that BNB bulls have finally taken control, with the market trend demonstrating strength. Supported by positive technical indicators and growing DEX volume, the BNB price is expected to climb approximately 2.21% from its current price of $684.85 to reach $700 in the near term. Featured image from Adobe Stock, chart from Tradingview.com
Solana (SOL) has officially broken above the Ichimoku Cloud on the daily chart, a key technical signal that often marks the beginning of a bullish trend reversal. After weeks of sideways movement and uncertainty, this decisive breakout suggests that momentum is finally shifting in favor of the bulls. While confirmation from volume and follow-through price action is still needed, the technical outlook is becoming increasingly optimistic. Solana Ichimoku Breakout And Momentum Check Solana’s breakout above the Ichimoku Cloud is more than just a technical checkpoint; it marks a critical shift in its market structure and trader sentiment. This breakout represents a move from uncertainty to confidence, as buyers begin to gain the upper hand after a period of consolidation and hesitation. Related Reading: Solana At A Crossroads: Consolidation Before The Next Major Surge? So far, momentum indicators are leaning bullish, providing early signs that Solana may be entering a new upward phase. One of the most notable signals comes from the Moving Average Convergence Divergence (MACD), which has recently made a positive crossover. Not only has the MACD line crossed above the signal line, but the two lines have now moved above the zero line. This double confirmation strengthens the signal significantly. When the MACD and signal lines rise above zero, it typically marks the transition from bearish to bullish territory, indicating that momentum is not just shifting but accelerating in favor of the bulls. However, a clear uptick in volume is essential for SOL to sustain and build on this breakout. Volume is what turns a breakout into a trend, and without it, upward momentum can quickly stall. If volume starts to pick up alongside continued price strength, it could ignite the next leg up, potentially pushing Solana toward key resistance levels. Key Levels To Watch Now As Solana begins to show signs of a bullish reversal, identifying and monitoring key price levels becomes essential for both short-term and long-term investors. These levels act as decision points where price action is likely to react, facing resistance or finding support. Related Reading: Solana Network Activity Grows As 11M Wallets Now Hold 0.1 SOL Or More – Analyst On the upside, it can be observed that the immediate resistance of $164 has been cleared, with SOL now attempting a move toward the $211 resistance level. A clean breakout above this area, especially backed by strong volume, would open the door for a rally toward the $240 mark. Beyond that, $260 remains a major resistance to watch, marking a key round number and prior rejection area. On the downside, $164 now serves as the nearest support following the recent breakout above the Ichimoku Cloud. Holding above this level is crucial to maintain the current bullish structure. A breakdown below it could drag Solana back to the $148–$118 support range, where buyers previously stepped in. Featured image from Adobe Stock, chart from Tradingview.com