Mainstream Crypto Assets Price Prediction: BTC, ETH, XRP, SOL, DOGE, ADA, HYPE

Bitcoin (BTC) continues to face dumping around the 120,000 USD mark, but repeated tests of resistance levels often weaken its value. If buyers hold their ground and prevent a significant fall in price, Bitcoin still has the potential to break through 123,218 USD, setting a new high. Fundstrat research director Tom Lee stated that Bitcoin could soar to 200,000 to 250,000 USD in the coming months, which is equivalent to 25% of the gold market size.

While Bitcoin is consolidating, funds are flowing into Ethereum (ETH), with ETH spot ETFs recording inflows for 16 consecutive trading days, increasing its total net value from $4.25 billion (July 2) to $9.33 billion (July 26).

Can Bitcoin break through the upper resistance level, or will it maintain range fluctuations? Can some altcoins continue their strong growth momentum? Let's analyze the trend charts of mainstream crypto assets together:

BTC Technical Analysis

Last Friday, BTC fell below the 20-day moving average of 117,867 USD, but the long candlewick indicates strong buying pressure in the lower region.

Bulls are attempting to push the BTC/USDT pair up to the resistance level between $120,000 and $123,218. If successful, the pair's peak price could accelerate to $135,728, and then the pattern target will be $150,000.

If the bears want to make a comeback, they must push the price below the support level of $110,530, triggering a series of long position liquidations. If this happens, the selling pressure may cause BTC to fall back to the psychological support level of $100,000.

(Source: Trading View)

ETH Technical Analysis

Ethereum soared above the resistance level of $3,745 on Sunday, but bulls struggled to maintain higher levels.

Sellers will attempt to pull the price below $3,745. If this happens, the ETH/USDT pair could fall to the 20-day moving average ($3,423). Bulls are expected to defend the 20-day moving average, as a break below this level would signal the start of a deeper correction.

On the contrary, if the price rebounds significantly from $3,745 or the 20-day moving average, ETH will target $4,094. If it breaks through $4,094, the coin pair may soar to $4,868.

(Source: Trading View)

XRP Technical Analysis

XRP retraced from $3.66, finding support at the 20-day moving average (3.10 USD) on Thursday, indicating buying pressure.

The bulls have successfully pushed the price up to $3.66, but are facing strong resistance from the bears. If the price continues to fall and breaks below the 20-day moving average, it indicates the beginning of a deep correction. The XRP/USDT trading pair may rise back to $3 and then drop to $2.80.

On the contrary, if the price bounces off the 20-day moving average, it indicates that the bulls are actively defending that level, pushing XRP up to $3.66. A breakout and close above $3.66 could see the price rise to $4, and then reach $4.86.

(Source: Trading View)

SOL Technical Analysis

SOL fell back from $209 on Wednesday, but on Friday it stagnated at the 20-day moving average ($176), indicating that demand is at a lower level.

The bulls are trying to push the price above $209, but they are facing selling pressure at higher levels. If the $209 barrier is broken, the SOL/USDT trading pair could rise to $240 or even $260.

A small resistance has appeared near 220 dollars, but it is likely to be broken.

If the price reverses and falls below the 20-day moving average, the short-term bullish outlook will be invalidated. If this happens, SOL may drop below the 50-day moving average (160 USD), suggesting that the price will fluctuate between 110 USD and 209 USD.

(Source: Trading View)

DOGE Technical Analysis

Dogecoin rebounded from the 20-day moving average ($0.22) last Friday, indicating lower demand.

The rebound is facing dumping pressure near $0.26, indicating that bears are active at higher levels. If the price falls below the 20-day moving average, the DOGE/USDT pair may maintain range fluctuations between $0.14 and $0.29 in the coming days.

Buyers need to push the price above 0.29 USD to take control of the market. If successful, Dogecoin may start a new round of increases, with a target price of 0.35 USD, followed by a pattern target of 0.44 USD.

(Source: Trading View)

ADA Technical Analysis

ADA rebounded from the 20-day SMA ($0.78), but is currently facing selling pressure at the upper resistance level ($0.86).

The 20-day moving average (SMA) is on an upward trend, and the RSI is in the positive zone, indicating that the bulls are in control. A breakthrough at $0.86 may see the ADA/USDT trading pair rise to $0.94. If the bulls maintain their advantage, the trading pair could even surge to $1.02, and then reach $1.17.

However, if the price continues to fall and breaks below the 20-day moving average, the short-term advantage will shift to the bears. This indicates that the market is experiencing profit-taking during the rebound. If this occurs, ADA may fall to the 50-day moving average ($0.67).

(Source: Trading View)

HYPE Technical Analysis

HYPE rebounded from the support line of the ascending channel pattern last Friday, indicating that buying pressure is weakening.

The resistance level is at the 20-day SMA ($45.06), but if the bulls successfully break through that level, HYPE/USDT could rise to $48 and then to $50, after which it will face strong defense from the bears.

On the contrary, if the price falls back from the 20-day moving average, the bears will attempt to pull the speculative index below the support line. If successful, the price may begin a deeper correction, targeting a price level of $36, followed by $32.

(Source: Trading View)