Crypto Assets
BTC
Bitcoin rebounded after finding support at its recent double-bottom formation near $58,000 last week. Despite the recovery, the daily RSI remains below the 50 mark, indicating that the broader momentum is still negative. Additionally, the Stochastic Oscillator is in the overbought territory at 89, which may lead to selling pressure near the $64,100 resistance level.
ETH
Ethereum found support at its double-bottom formation near the $1,505 level and has rebounded sharply. The daily RSI has crossed above the 50 mark, reflecting improving bullish momentum. However, the Stochastic Oscillator is in the overbought zone at 90, indicating the possibility of short-term profit booking. ETH may encounter immediate resistance near the $1,869 level in the coming week.
SOL
Solana gained attention due to celebrity-linked meme coin launches and continued to show bullish technical strength. The daily RSI stands at 57, reflecting positive momentum, while the Stochastic Oscillator at 82 indicates an overbought condition. A brief phase of profit booking is likely near the $87 resistance level.
Note: The crypto market cap is at $2.17 trillion, as of date.
Market News
- Crypto ETF Flows: Ethereum and Solana investment products continued to attract inflows, while Bitcoin ETFs recorded net outflows of more than $290 million, reflecting a shift in institutional investor sentiment.
- Strategy’s Bitcoin Buying Under Pressure: According to Bitwise CIO Matt Hougan, Strategy’s position as the dominant corporate Bitcoin buyer may be weakening following last week’s STRC turmoil, which raised concerns over its Bitcoin acquisition strategy and contributed to Bitcoin falling to its lowest level in nearly two years.
- Solana Strengthens On-Chain Governance: The Solana Foundation has introduced a new Validator Governance Framework, enabling validators to participate in on-chain governance and enhancing network decentralization.
- Solana RWA Ecosystem Reaches New High: Solana’s Real-World Asset (RWA) ecosystem has expanded to a record $3.4 billion, underscoring growing institutional adoption and tokenization activity on the network.
Events in July
Major Token Unlocks: APT, ZRO, TON, HYPE
Major Crypto Conferences:
- WebX 2026 (Tokyo): 13-14 July
- Blockchain Futurist Conference (Toronto): 21-22 July
- ETHGlobal Lisbon: 24-26 July
- Rare Evo (Las Vegas): 28-31 July
Weekly Support and Resistance Levels
| Coins | CMP | Support 2 | Support 1 | Trend | Resistance 1 | Resistance 2 |
| BTC | $63,055 | $56,800 | $58,100 | Neutral | $64,110 | $67,650 |
| ETH | $1,761 | $1,580 | $1,503 | Neutral | $1,880 | $1,996 |
| SOL | $79.27 | $68.60 | $74.30 | Positive | $87.10 | $93.35 |
| BNB | $571 | $508 | $532 | Neutral | $596 | $636 |
| HYPE | $68.40 | $57.45 | $63.25 | Positive | $74.30 | $79.60 |
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