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  • Solana price breaks past $200, targets July peak

    Solana price breaks past $200, targets July peak

    Solana price breaks past $200

    • Solana (SOL) jumps above $200, aiming for the July peak of $206.32.
    • Whale sales and unstaking raise short-term supply concerns.
    • $170 support and $206 resistance are key to the next price move.

    Amid renewed altcoin market optimism, the native token of Solana, SOL, has surged past the $200 mark, reclaiming a key psychological level.

    Over the past 24 hours, SOL has risen by 15.4% to trade near $201.71, with a 24-hour range stretching from $174.20 to $201.58.

    Solana now targets July peak

    Crucially, breaking $200 is a psychological and technical milestone that can attract buyers. As renowned analyst Jelle notes, “above $200, very little resistance left to bring it back down.”

    Technically, a minor support sits at $195.26, while the critical support ranges from $187.71 to $184.67.

    A breakdown through $173.43 would signal a medium-term reversal and might target the June–August trendline near $163.37.

    However, on short timeframes, the hourly Moving Average Convergence Divergence (MACD) is gaining in the bullish zone, and the Relative Strength Index (RSI) remains above 50, indicating moderate momentum.

    With the sharp price surge, all eyes are now on the July high at $206.32 as the next immediate target.

    Moreover, if SOL clears $206.32, there are chances that it could extend toward the March 2024 peak at $210.18, testing bullish conviction. Market analysts project that the token will rise to $222.66 or even $230.32, especially if it clears the resistance at $204.

    So far, SOL has climbed more than 13% from Monday’s low of $173.43, hinting at a strong bullish momentum.

    Whales stir concern

    Meanwhile, on-chain data shows large transfers to exchanges, prompting questions about distribution.

    Specifically, more than 226,000 SOL moved to exchanges in recent days.

    Notably, one whale slashed holdings by 71% in under two days, trimming a $24 million position to roughly $6.8 million.

    These sales clustered near an average price of about $177 and coincided with a dip below $185.

    SOL unstaking adds pressure

    In addition, a wallet linked to Alameda Research unstaked roughly $35 million worth of SOL.

    The tokens had been locked since late 2020, when their value was about $350,000 — a roughly 100-fold gain.

    Nevertheless, the Net Position metric remains positive and has helped price consolidate above the critical $170 level.

    What traders should watch out for

    Notably, despite the rebound, Solana has lagged Ethereum in recent stretches.

    Indeed, SOL is up roughly 1.07% in August while ETH has gained about 15.75%. Over the quarter, ETH’s roughly 72% return far outpaces SOL’s near 12.8%.

    Importantly, large exchange inflows and the Alameda unstaking raise the prospect of coordinated distribution.

    If $170 fails to hold, traders should expect increased downside and a deeper correction.

    Conversely, a sustained breakout above $206.32 could draw fresh buyers and revive momentum.

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  • CYBER price explodes 80% to YTD high above $4.5: here’s why

    CYBER price explodes 80% to YTD high above $4.5: here’s why

    • Cyber price rose 80% in 24 hours to hit $4.5.
    • Broader market sentiment and Upbit listing catalysed the gains.
    • If the broader crypto market continues its upward trend, CYBER price could target a new all-time high.

    Cyber (CYBER), the native token of the CyberConnect ecosystem, has witnessed an impressive 80% surge in 24 hours to hit highs of $4.5, its highest level since January 2025.

    This explosive price gain has captured the market’s attention, with daily volume spiking more than 825% to over $410 million.

    Meanwhile, the market cap has jumped to over $154 million. Per data from CoinMarketCap, CYBER ranks as the best performing altcoin in the top 500 by market cap, outpacing peers.

    Why is Cyber price skyrocketing?

    Cryptocurrencies bounced as Bitcoin broke to $122k before retreating, and Cyber price picked up momentum amid this move.

    However, the likely trigger for CYBER’s sharp gains in the past 24 hours looks to be the official listing of the token on Upbit, the largest crypto exchange in South Korea.

    On August 12, 2025, Upbit announced trading support for CYBER with Korean won and Tether (USDT).

    The CYBER/KRW and CYBER/USDT pairs going live on the exchange have injected fresh liquidity and visibility for the token, attracting further buy-side pressure.

    Upbit’s decision to support CYBER adds to the excitement around the decentralised social platform, with CYBER seeing its biggest jump in nearly eight months.

    Cyber treasury strategy

    As well as the Upbit listing, bullish market sentiment around altcoins is key to CYBER price gains.

    Cyber Foundation also recently announced the major milestone that saw NYSE-listed company Enlightify Inc become the first publicly-traded company to initiate a treasury strategy for CYBER.

    Enlightify plans to accumulate up to $20 million worth of CYBER tokens for the next 12 months.

    This trend has driven the Ethereum price to above $4,300 and helped Solana, XRP and other top alts to retest key supply wall areas.

    CYBER price could benefit from such a trend.

    “Institutional engagement with digital assets has long centered on passive BTC or ETH holdings. Enlightify’s plan to build a treasury position in CYBER—the native token that powers Cyber’s decentralized AI and social infrastructure—signals a broader shift toward recognizing the long-term value of specialized blockchain networks,” the Cyber team noted.

    CYBER price forecast: is a new all-time high next?

    Elsewhere, the technical outlook for CYBER suggests room for further growth.

    Cyber price chart by TradingView

    Breaking through key resistance levels near $4.0 amid a surge in trading volume suggests upside strength.

    Indicators such as the Relative Strength Index (RSI) on the weekly chart align with the bullish momentum.

    The chart shows CYBER is not overly extended in the overbought territory.

    Bulls could aim for $6 and then $10, with the all-time high above $15 possible in 2025.

    However, the profit taking seen across the market has helped bears revisit lows of $3.15. CYBER currently trades around $3.41 and bulls need to reclaim $4.00 to have the upper hand.

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  • Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast: BTC price steadies as long-term holder selloff cools

    Bitcoin price forecast

    • Long-term holder (LTH) selloffs cool, easing Bitcoin price selling pressure.
    • BTC price holds above $116,817 despite rejection near $122K.
    • CPI data may decide the next major BTC price move.

    Bitcoin price forecast shows BTC price steadying as long-term holder selloffs cool.

    Meanwhile, traders are watching on-chain flows and macro prints for signs of the next directional move.

    Long-term holders’ selloff cools

    Long-term holders have materially reduced daily sales, and consequently, the market has seen a clear shift toward holding.

    According to on-chain data, daily LTH sales slipped below $1 billion in August, after averaging above that threshold in July, and this shift has removed a notable chunk of selling pressure.

    Moreover, the reduced flow of coins to exchanges, according to Coinglass, has coincided with renewed accumulation, which in turn supports a calmer BTC price near current range levels.

    On-chain evidence points to accumulation

    Binary Coin Days Destroyed has dropped toward zero, signalling that older coins are not moving and therefore are being held longer.

    Bitcoin Binary CDD chart.

    Additionally, the Fund Flow Ratio sits at unusually low levels, around 0.057, and this suggests fewer assets are being sent to exchanges.

    Consequently, spot market net inflows — including a recent $51 million buy day after a $242 million sell-off on August 10 — reinforce that demand is returning more steadily than before.

    Triangle breakout holds, but risks remain

    Technically, Bitcoin broke upward from a triangle and remains above the $116,817 breakout threshold, which means momentum is still intact.

    However, recent attempts to clear $122,000 ended with a rejection and a “gravestone” doji candlestick, and hence, traders note that the path to a new ATH may not be smooth.

    Bitcoin price chart analysis

    Meanwhile, a CME futures gap near $117K and four-hour 200MA/EMA confluence add short-term technical magnetism that could invite retests before any sustained push higher.

    CPI and Fed policy could tilt the scales

    Macro catalysts are front and centre because upcoming US CPI figures influence rate-cut expectations and dollar strength.

    If core inflation prints higher than expected — for example, near 3.1% — then Fed-cut odds for September would likely decline, and as a result BTC price may face pressure.

    Conversely, a softer CPI near 2.9% would boost rate-cut prospects, weaken the dollar, and likely favour renewed upside for crypto and BTC price momentum.

    Two plausible paths for Bitcoin traders

    On the bullish path, continued LTH holding, steady capital inflows, and a break above recent highs could carry BTC to new discovery above $123,000 and into a $120K–$125K zone.

    On the bearish path, a confirmed distribution phase — as some Wyckoff-analysing traders warn — could open a markdown toward the $92K–$95K area, and therefore, traders must respect risk controls.

    Thus, momentum and macro prints will decide whether the market grinds higher or re-enters a corrective phase.

    Bitcoin price forecast: What traders should watch

    Watch whether BTC holds $116,817 and whether exchange inflows remain subdued, because these are immediate signs of supply drying up.

    Also, monitor short-term technical confluence at the CME gap near $117K and the reaction to CPI data, since both can trigger quick directional moves.

    While sentiment includes bullish voices like the co-founder of PayPal, Peter Thiel, who sees structural undervaluation, traders should remain nimble and factor in both upside targets and downside scenarios.

    The current Bitcoin forecast balances improved on-chain accumulation against near-term macro risk, and this equilibrium shapes the prevailing BTC price outlook.

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  • Chainlink price: LINK eyes new leg up amid ICE collaboration

    Chainlink price: LINK eyes new leg up amid ICE collaboration

    Chainlink Price ICE Partnership

    • Chainlink price traded around $21.47 on Aug. 11, 2% down from highs of $22.55 in 24 hours. 
    • Ethereum led top altcoins like Bitcoin Cash and BNB higher as it crossed above $4,300.
    • Chainlink’s partnership with  Intercontinental Exchange could be a key catalyst.

    Chainlink (LINK) price has retreated 2% in the past 24 hours to trade around $21.47, slightly off its multi-week highs of $22.55.

    This bucks the uptick for Bitcoin and top altcoins such as Ethereum, Bitcoin Cash and BNB. LayerZero also rose.

    However, as the market digests the potential impact of its latest partnership with Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange (NYSE), could Chainlink price embark on a new leg up to target the all-time high above $52?

    Chainlink joins forces with NYSE parent ICE

    The Chainlink ecosystem witnessed a major unveiling recently when the oracle networks platform launch Chainlink Data Streams for US stocks and ETFs. Traction for the solution has netted a major partnership as Chainlink collaborates with ICE.

    According to a press release, the integration brings high-quality forex and precious metals rates from ICE’s consolidated feed to Chainlink’s Data Streams.

    In short, ICE’s Consolidated Feed, which aggregates data from more than 300 global exchanges and marketplaces, has added FX and precious metals rates to the Chainlink Data Streams.

    The move allows for the use of the solution to power over 2,000 applications, banks, asset managers, and infrastructure providers across the Chainlink ecosystem.

    Benefits include growth in network activity – particularly in tokenized assets and products.

    Leveraging ICE’s institutional-grade infrastructure means Chainlink adds to its traction in bridging traditional markets and the DeFi ecosystem.

    “Using ICE’s Consolidated Feed data as an input into Chainlink’s derived FX and precious metals rates onchain via Chainlink’s institutional-grade infrastructure is a watershed moment in the evolution of global markets,” said Fernando Vazquez, president, capital markets at Chainlink Labs. “This collaboration signals a pivotal shift towards a unified, globally accessible onchain financial system, with hundreds of trillions in assets on a clear path to tokenization.”

    LINK price outlook: Is Chainlink poised to mirror ETH?

    Ethereum (ETH), which continues to experience significant price gains amid key institutional demand and treasury interest, trades near $4,300.

    The ETH price gain has helped other altcoins higher, hitting highs of $4,363 as Bitcoin Cash, Uniswap, Monero, and BNB rose.

    LINK showed similar movement as it rose sharply from lows of $15.60 this past week.

    Bulls are signalling resilience with the price above $21, with technical outlook suggesting they could see a new leg up.

    The ICE partnership among other integrations, point to real traction and a break to $30 could see Chainlink price target $50 and the altcoin’s all-time high above $52.

    If LINK mirrors ETH’s trajectory, it might see a steady climb supported by growing tokenized real-world asset (RWA) markets. On the downside, LINK’s main support areas would be around $20 and $16.

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  • Mantle price outlook as MNT gains momentum with 20% spike

    Mantle price outlook as MNT gains momentum with 20% spike

    Mantle Price Bullish

    • Mantle is up 20% in 24 hours amid overall altcoin rcovery.
    • The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51.
    • Ecosystem growth buoys overall bullish momentum.

    Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91.

    This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap.

    Notable gains for Mantle have come amid a 280% surge in daily volume to $622 million, while its market cap has increased to $2.96 billion.

    Mantle pumps 20% as altcoins bounce

    As noted, Mantle’s price surge coincides with a pump in the broader altcoin market.

    A lot of the upside momentum has come after last week’s sell-off, with an announcement from the Commodity Futures Trading Commission buoying investors.

    MNT price has also benefited from a robust network, which boasts a significant increase in stablecoin market cap to $653 million.

    The total value locked in DeFi on the protocol has also jumped to $233 million, largely helped in recent weeks by a surge in activity around its ecosystem.

    Also worth noting is Mantle’s contribution of 101,867 ETH worth over $388 million to the Strategic ETH Reserve.

    Institutional inflows through initiatives like the Mantle Index Four and innovative products such as mETH Protocol for liquid staking add further upside fuel. Lookonchain highlights these in the X post below.

    Mantle’s strong market momentum has MNT trading towards the psychological $1 mark. The last time bulls hovered at or above this level was in February 2025.

    Is Mantle price poised for a breakout to a new all-time high?

    Mantle’s price trajectory has bulls eyeing fresh bids above $1, and analysts say a breakout above this level could catapult MNT past its all-time high of $1.51. The altcoin reached this milestone on April 8, 2024.

    On the daily chart, technical indicators provide bullish signals. The Relative Strength Index (RSI) stands at 66 and upsloping to indicate potential upside continuation before hitting the overbought zone.

    Mantle price chart by TradingView

    Meanwhile, the Moving Average Convergence Divergence (MACD) indicator suggests a bullish crossover. Per the chart above, the MACD line is looking to cut above the signal line, highlighting a potential short-term bullish momentum.

    Mantle is also trading near the upper Bollinger Band at $0.87 with price above the middle line and with likely support at the lower band of $0.68.

    A decisive break above the upper resistance could signal a bullish flip, allowing buyers to extend gains past $1 to the $1.40 region.

    A confirmation of an upbeat sentiment from other catalysts will help this bullish trend. The downside however could make $0.68 a key level to watch. Major support also lies near $0.55.

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  • Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin price prediction as LTC jumps 12% on bullish catalysts

    Litecoin Price

    • Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back.
    • The LTC price could rally to $200 and target a new all-time.
    • Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves.

    Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month.

    Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year peaks above $200?

    Litecoin jumps 12% amid notable bullish momentum

    Litecoin’s double-digit uptick, which pushed price from lows of $111 to above $127 at the time of writing, comes as the broader crypto market seeks a fresh leg up.

    On Tuesday, Aug. 5, the total market cap was up 1% to $3.74 trillion, with this following Monday’s resilient performance across stocks and crypto. Most top altcoins including Ethereum, XRP and Solana are in the green, with latest regulatory developments adding to the prevailing crypto sentiment to suggest more gains are likely in the short term.

    For LTC, the outlook gets a further bullish impetus from a range of factors. It includes overall anticipation of a spot Litecoin exchange-traded fund (ETF) approval, increased use as a payment currency and significant institutional interest amid treasury strategy moves.

    Recently, Bloomberg analysts put a 95% probability on a spot LTC ETF approval in 2025, and regulatory developments suggest this outlook remains.

    Meanwhile, bullish projections for Litecoin are gaining traction amid institutional interest, with MEI Pharma’s $100 million Litecoin treasury strategy a major corporate allocation already. Also fueling price gains is Litecoin’s growing use in remittances and payments.

    What next for LTC price?

    Litecoin’s price gains may see profit taking kick in and derail buyers, particularly given the surge to a five month high for LTC.

    LTC chart by TradingView

    However, the altcoin has broken above a symmetrical triangle on the weekly chart, signaling potential upside continuation. This breakout above the triangle’s upper resistance means bulls may want to target the supply wall around $200.

    Notably, the Moving Average Convergence Divergence (MACD) has a bullish crossover, aiding the outlook for upward momentum. The Relative Strength Index (RSI) also ticks above 64, indicating room for more gains before hitting overbought conditions.

    If buying pressure continues, bulls may eye $200 and higher in the short term. However, if it fades, a short-term pullback to the $110–$101 support zone may ensue. This LTC price outlook nonetheless depends on overall bullish conditions.

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  • MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance (MYX) price just shot up 289%: Here’s why

    MYX Finance price surge

    • MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade.
    • Binance listing has also boosted the token’s visibility and sparked retail FOMO.
    • MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand.

    While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike.

    Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time.

    MYX Finance price

    This dramatic rally has sparked widespread interest, especially as MYX Finance cements its position in the DeFi derivatives landscape.

    The spike in MYX’s value is not just a fluke. It is the result of several fundamental developments, market hype, and strong trading performance.

    Notably, investors are flocking to take part in what they believe could be a long-term uptrend as the MYX Finance platform prepares for a major upgrade.

    The MYX Finance V2 upgrade buzz

    A major driver of the MYX price rally is the heightened anticipation surrounding its upcoming V2 launch.

    Although the development team has not yet disclosed a release date, speculation around the upgrade has been intense.

    Many believe that V2 will significantly enhance MYX Finance’s trading experience by introducing zero-slippage execution, advanced chain abstraction, and improvements to its proprietary matching pool mechanism.

    These features are expected to bring a more seamless and efficient trading model to on-chain users.

    The protocol’s monthly volume has already hit an all-time high, reaching $9.07 billion over the past 30 days, with $285 million traded in just the last 24 hours.

    This surge in usage indicates a rapidly growing interest in the MYX platform ahead of the much-anticipated upgrade.

    And because the MYX token plays a key role in accessing these features, such as discounted trading fees, demand for the token has skyrocketed.

    Early MYX TGE hype laid the groundwork

    Long before this week’s rally, MYX Finance had already generated buzz within the DeFi community.

    On May 6, 2025, the project held its token generation event (TGE) on Binance Wallet.

    The event was a massive success, with a staggering 30,296% oversubscription. Over $51 million in trading volume was recorded within the first 24 hours.

    This early success helped MYX dominate the BNB Chain DEX space, quickly accumulating $35.2 million in total value locked (TVL).

    Participation in the TGE required at least 142 Alpha Points, a structure that helped drive deep community engagement and strengthen early demand for the token. Since then, the project has maintained a strong narrative of growth and innovation.

    Binance spotlight ignites FOMO

    In addition to the protocol’s organic growth, MYX recently received a significant boost in visibility after becoming the top gainer on Binance.

    On August 4, the token’s price jumped by 138% in a single day, triggering a 711% increase in daily volume to $46 million.

    This momentum was further amplified by social media activity, including a tweet from the MYX team quoting Binance founder CZ, which drew tens of thousands of views.

    While the rally looks attractive, the token’s Relative Strength Index (RSI) hit 97.45, an indication that it is heavily overbought.

    MYX Finance price outlook

    Despite the rapid price rise, traders remain sharply divided on MYX’s short-term outlook.

    The upcoming V2 release could mark a significant turning point, but only if user adoption continues to scale and on-chain activity holds up.

    On the flip side, MYX’s low market cap and retail-heavy volume mean it remains susceptible to pump-and-dump cycles and sudden reversals.

    Nevertheless, with strong backers like Sequoia China, HashKey Capital, and ConsenSys, as well as a growing presence across major chains like Arbitrum, Linea, and BNB Chain, MYX Finance is building more than just hype.

    The coming weeks will reveal whether it can convert this momentum into sustainable growth or whether this explosive rally is a short-lived spike.

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  • Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho price jumps 10% as RWA powerhouses launch Ascend

    Morpho

    • Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership.
    • RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator.
    • MORPHO token jumped 10% in 24 hours to $1.85.

    The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours.

    While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.

    Amid a rebound in US stock indices, MORPHO rose 10% to highs of $1.85.

    Morpho Labs key player in RWA market

    On Monday, Morpho Labs announced that it was part of the strategic partnership that has launched Ascend.

    The groundbreaking initiative is designed as a startup accelerator targeted at the real-world assets market, with $500k in funding.

    Plume Network said Ascend is “the first startup accelerator designed to take ambitious RWA ideas into scalable protocols.”

    Big name players back the program, including Plume, Morpho, and Centrifuge.

    Others are Anchorage Digital, RWA.xyz, Keyrock and OKX Ventures. The collective aims to advance the tokenization of real-world assets.

    Morpho Labs, a decentralized finance (DeFi) lending infrastructure that among other offerings powers crypto-backed loans on Coinbase, is a top backer of the accelerator.

    As the collaboration highlights growth across the RWA sector, projects like Morpho begin to stand out.

    MORPHO token gains amid crypto bounce

    The MORPHO token experienced a significant uptick, rising 10% in 24 hours from lows of $1.66 to $1.85.

    Gains came amid the positive market sentiment around RWA tokens and the Ascend launch.

    However, it also followed a broader recovery in cryptocurrencies as a rebound in US stock markets buoyed sentiment.

    On Monday, August 4, 2025, the benchmark S&P 500, the Dow Jones Industrial Average, and tech-heavy Nasdaq Composite all rose amid market expectations of a Fed interest rate cut.

    Broader recovery follows last week’s sell-off, which saw Bitcoin dip to lows of $114k to dampen investor confidence across the ecosystem.

    However, with a rebound in equities spilling over into the crypto, BTC is up to $115k.

    A spike for RWA tokens has MORPHO eyeing a break to $2.00.

    With gains also for Plume and Centrifuge, a continuation of upside momentum could push MORPHO to February highs of $2.5 and likely allow for a new all-time high in coming months.

    MORPHO’s price surged to its all-time peak of $4.17 in January 2025.

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  • Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as ‘perfect bottom’ by analyst; technicals target $148K

    Bitcoin price dip seen as 'perfect bottom' by analyst; technicals target $148K

    • Bitcoin has dropped 7.5% since its recent all-time high of ~$123,250, but analysts see this as a potential “perfect bottom.”
    • BTC has successfully retested its 50-day EMA, a support level that preceded a 25% rebound in June.
    • A classic inverted head-and-shoulders (IH&S) technical pattern now targets a price of $148,250.

    Bitcoin has pulled back by 7.50% in the three weeks since it established a new record high of around $123,250.

    However, far from signaling the end of the bull run, some analysts believe this recent dip may be the final “shakeout” before a significant breakout, with technical patterns now pointing towards a potential rally to nearly $150,000.

    On Sunday, Bitcoin successfully reclaimed its 50-day exponential moving average (50-day EMA) as a key support level, after briefly dipping below it a day earlier.

    This particular moving average has historically served as a reliable launchpad for initiating fresh rallies in Bitcoin’s price.

    A similar scenario played out in June, for instance, when a brief drop below this very same wave of support preceded a sharp 25% rebound in the cryptocurrency’s value.

    Now, it appears that Bitcoin may be repeating this same technical setup. Analyst “BitBull” suggests that the cryptocurrency could be poised for a June-like rally in the coming days.

    He argues that even if the price were to drop further into the 110,000-112,000 range, it would effectively establish a “perfect bottom” for Bitcoin, potentially setting the stage for the next significant move higher.

    A classic breakout pattern targets $148,000

    The importance of the 50-day EMA as a support level is further reinforced by its alignment with the “neckline” of Bitcoin’s prevailing inverted head-and-shoulders (IH&S) pattern.

    This classic technical analysis pattern is often seen as a strong indicator of a bullish reversal.

    After initially breaking above this neckline, Bitcoin’s price has now pulled back to retest it—a typical post-breakout move. The fact that the price has bounced off this retested level reinforces the validity of the bullish reversal setup.

    This successful neckline retest now signals that Bitcoin may be entering the continuation phase of its breakout. According to the technicals of the IH&S pattern, the price is now targeting a move toward the $148,250 level.

    This is remarkably close to the widely anticipated $150,000 upside target that many analysts have forecasted for Bitcoin in 2025, with many expecting it to happen around October.

    Whale watching: on-chain data signals a ‘cyclical cooling phase’

    On-chain data provides further evidence that Bitcoin’s ongoing price dip may be a precursor to another major breakout.

    According to data from CryptoQuant, the Bitcoin market has experienced three major waves of profit-taking by large “whale” investors during the 2023–2025 bull market.

    The first of these waves followed the landmark launch of U.S. spot ETFs in March 2024. The second occurred after Bitcoin broke the $100,000 mark following the Trump election in late 2024.

    The third, and most recent, wave took place in July 2025, after a breakout over $120,000 triggered a massive 80,000 BTC sell-off by a long-time “old whale” investor.

    In a report published on Friday, CryptoQuant analysts noted that each of these waves of profit-taking was followed by a period of price consolidation or a moderate correction, typically lasting between two to four months.

    “These cooling phases have historically set the stage for renewed accumulation and a subsequent breakout to new all-time highs,” they wrote.

    The analysts concluded, “The data provides compelling evidence that the market is undergoing another cyclical cooling phase, consistent with prior waves that preceded periods of consolidation and later breakouts to higher prices.”

    This suggests that the current dip is not an end to the bull market, but rather a healthy and necessary part of its cycle.

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  • Solana price forecast as SOL bulls look to buy the dip

    Solana price forecast as SOL bulls look to buy the dip

    Solana price prediction

    • Solana has fell 7.6% in the past 24 hours to touch lows of $166.
    • The technical outlook on the daily chart shows price is taking on a bearish flip.
    • Bulls bouncing amid crypto recovery could target $200.

    Solana has experienced a 7.6% dip in the past 24 hours to touch lows of $166, with declines coming amid widespread selling across crypto.

    But as the volatility prompts some investors to take profits, bulls are likely eyeing the downturn as a buying opportunity.

    Here’s a look at the technical picture for SOL.

    Solana drops to key support level

    As highlighted, Solana’s price has declined by about 7.6% in the past 24 hours, trading to lows near $166.

    CoinMarketCap data shows Solana’s 24-hour trading volume increased by about 25% to $7.38 billion, which hints at heightened market activity.

    It’s an outlook that mirrors the broader crypto market performance, with Bitcoin (BTC) selling-off to below $115k, Ethereum (ETH) to around $3,500 and XRP down 7% to around $2.90.

    Losses across board saw total liquidations reach $758 million in the last 24 hours, with SOL seeing about $43.8 million liquidated.

    The sudden price dip meant most of the liquidations are of bullish Solana bets, which Coinglass data shows at $42 million of the $43.8 million.

    A bearish sentiment amid this flip has SOL currently hovering at a key support level.

    Could bulls capitalize on the dip to build fresh momentum towards $200? Continued network growth, as highlighted by key metrics such as active users and revenue, suggests Solana is strong long term.

    Solana price prediction

    The Solana price prediction for 2025 is largely bullish, with analysts seeing it as a key breakout level.

    Conservative forecasts put SOL at $500 by the end of 2025, mainly driven by Solana’s robust ecosystem and institutional interest.

    Spot ETFs and regulatory tailwinds could be the main catalyst.

    However, what’s the short-term outlook as cryptocurrencies navigate yet another sell-off phase?

    SOL price chart by TradingView

    The technical outlook on the daily chart shows the price remains within an ascending channel, but has broken below the middle line.

    Meanwhile, the Relative Strength Index (RSI) stands at 45, below the midpoint after SOl flipped from overbought territory.

    The RSI indicator is also downsloping to suggest a potential move toward the oversold zone.

    SOL’s daily chart also shows the Moving Average Convergence Divergence (MACD) indicators hinting at bearish momentum after a bearish crossover.

    While a drop below $160 may test lower supports at $145 and $130, a reversal amid buying pressure will allow buyers to target $200.

    As noted, some analysts are predicting SOL price to $500 in a sharp rally amid spot Solana ETFs approval.

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