Three major potential alts in July: SYRUP, SPX, EUL steadily rise, entering a new breakthrough phase.

The stability of Bitcoin seems to be sending positive signals to the altcoin market, with many Crypto Assets beginning to rise steadily. Among them, Maple Finance (SYRUP) is entering a new breakthrough phase and is expected to reach an all-time high in the coming days. At the same time, Bitcoin Magazine also analyzed two other potential alts, namely SPX6900 (SPX) and Euler (EUL).

SYRUP Price Analysis

SYRUP is currently approaching the important support level of 0.555 USD—this decisive support level may pave the way for the altcoin to break through its historical high of 0.657 USD. It is currently only 18% away from its historical high, and successfully holding this support level may serve as a springboard for SYRUP to continue its recovery momentum in the short term.

The technical signal from the Parabolic SAR (currently below the price K line) is providing support while also issuing a bullish signal that a rising trend may form. This indicates that buying pressure is gradually gaining an edge, helping SYRUP maintain its upward momentum and consolidate its market position. If this trend continues, the altcoin may break through key resistance levels and continue to expand its upward space.

However, the risks still exist. If the market turns negative or SYRUP encounters strong selling pressure, the price may drop to the next support level of around 0.496 dollars, or even lower. Such a pullback may indicate that the bullish momentum is gradually weakening.

(Source: Trading View)

SPX Price Analysis

SPX is currently trading at around $1.34, down about 31% from its historical high of $1.77. The altcoin's short-term resistance level is at $1.42. If SPX can break through this price range, it will face another important resistance level at $1.55, which could determine the market's next trend.

The parabolic turning indicator shows that the upward trend is still maintained, opening a positive outlook for the recovery of the S&P 500 index. However, to truly break through and turn the $1.55 area from a resistance level into a support level, the currency pair needs positive signals from the macro environment to drive it. This will be a decisive factor in consolidating the current upward trend.

On the other hand, if market sentiment turns bearish, selling pressure may intensify. In a bearish scenario, breaking below the support level of $1.25 would open the way for further declines into the $1.14 region. This would not only negate the current bullish structure but also signal the risk of entering a more pronounced correction phase.

(Source: Trading View)

EUL Price Analysis

In the past two weeks, EUL has surged an astonishing 68%, with the current trading price around 11.71 USD. This altcoin is only 17.3% away from its all-time high of 13.74 USD—if the current upward trend continues, the target is not far off. This indicates that EUL is gaining momentum, and the next target is likely to hit a new all-time high (ATH).

When the Chaikin Money Flow (CMF) indicator records significant inflows, this positive signal is further reinforced, reflecting strong interest from investors. As long as EUL maintains the important support level at $11.02, the upward trend has a solid foundation to continue expanding, with a short-term target pointing to $13.74.

However, the pressure from profit-taking may pose a risk of a pullback for the Euro to US Dollar. If the Euro/USD breaks below the key support levels of 11.02 USD and 10.60 USD, it will further drop to 9.89 USD, thereby weakening the bullish outlook and signaling a potential reversal in the market.

(Source: Trading View)