Crypto Assets
BTC
Bitcoin and the broader crypto market are witnessing a slowdown in momentum, with prices trading in a range-bound zone between $62,000 and $66,000. Mixed sentiment, driven by geopolitical developments and global macroeconomic events, has limited fresh participation in the market. On the daily chart, the RSI is hovering around the 50 level, indicating that buying momentum is present but remains modest. Meanwhile, the Stochastic Oscillator is approaching the overbought zone at 72, suggesting caution around fresh buying in the near term. The next key resistance level is positioned around $67,800.
ETH
Ethereum, after touching a fresh high of $1,981, is facing strong resistance in the $1,980-$2,030 zone. Despite this, buyers remain bullish and continue to show buying interest on dips. On the daily chart, the RSI is holding above 54, indicating sustained buying momentum. Meanwhile, the Stochastic Oscillator has recovered to 43 from the oversold zone, while on-chain activity continues to improve, suggesting underlying strength at lower levels.Looking ahead, ETH is expected to face immediate resistance around $2,030, followed by the next major resistance near $2,105 during the coming week. A decisive breakout above these levels could strengthen bullish momentum.
SOL
Solana remained range-bound throughout the week and witnessed a modest price correction. Despite increased activity in the meme coin ecosystem, SOL failed to gain upward momentum. On the daily chart, the RSI stands at 43, indicating a slowdown in bullish momentum. Meanwhile, the Stochastic Oscillator remains in the oversold zone at 38, suggesting that selling pressure may be easing, although a clear reversal is yet to be confirmed. On the upside, SOL is likely to face immediate resistance near $77.35, followed by the next key resistance around $81.10. A sustained move above these levels could signal a stronger recovery in the coming sessions.
Note: The crypto market cap is at $2.19 trillion, as of date.
Market News
- Bitcoin 30-Day Average Hashrate Falls 19% Amid Miner Capital Shift to AI
- Bitcoin ETFs Inflow Picks Up $626 Million as Coldcard Wallet Exploit
- MARA Swings to Q2 Loss as Bitcoin’s Slump Masks Higher Output
- Tokenized RWAs Triple Deposits to $7.4 Billion as Broader DeFi Contracts 15%: CoinShares
- ETH Faces $835 Million Long Liquidation Risk Below $1,812, Coinglass Data
- Ethereum Price Eyes Next Rally After $60M ETF Inflows
- Coldcard Hackers Transfer 64 BTC and 200 ETH to Crypto Mixers
- BlackRock’s Ethereum ETF to Undergo 1-for-3 Reverse Split
- JPMorgan Warns HYPE Could Lose Ground to SOL, XRP as ETF Inflows Stall
- Hyperliquid RWA Contracts Grow to 32% of Trading Activity in Q2
Also Read: How to Keep Your Crypto Safe with Cold Wallets: A Beginner’s Guide
Events in July & August
- Major Token Unlocks: ENA, HYPE, PROVE, and IP
- Major Crypto Conferences:
- Blockchain Rio 2026: 11th-13th August
- Wyoming Blockchain Symposium: 17th-20th August
- Coinfest Asia 2026 (Bali): 20th-21st August
- Bitcoin Asia 2026 (Hong Kong): 27th-28th August
Weekly Support and Resistance Levels
| Coins | CMP | Support 2 | Support 1 | Trend | Resistance 1 | Resistance 2 |
| BTC | $64,320 | $58,640 | $61,080 | Positive | $66,100 | $68,400 |
| ETH | $1,899 | $1,735 | $1,815 | Positive | $2,030 | $2,120 |
| SOL | $72.69 | $66.35 | $69.65 | Neutral | $77.65 | $81.10 |
| BNB | $593 | $533 | $563 | Neutral | $629 | $656 |
| HYPE | $55.60 | $49.85 | $52.30 | Positive | $58.80 | $63.65 |
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