Today's mainstream Crypto Assets Technical Analysis: BTC, ETH, XRP, SOL, DOGE, ADA, HYPE

Bitcoin started the week with a strong pump, breaking through $123,000, but higher profit pullback pressure is beginning to show. However, the positive signal is that buying pressure remains strong enough to keep the price above the psychological level of $120,000.

According to data from Farside Investors, the inflow of the Bitcoin spot ETF in the United States exceeded 1 billion dollars on both Thursday and Friday of last week, marking the first time in history that inflows exceeded 1 billion dollars for two consecutive trading days. This reflects strong confidence among investors that the upward trend of Bitcoin has not yet ended.

The Strategy company led by Michael Saylor has also joined this buying frenzy, having "closed positions" on 4,225 Bitcoins after a one-week pause. According to a filing submitted to the U.S. Securities and Exchange Commission (SEC) on Monday, the average purchase price of these Bitcoins was $111,827, bringing the company's total Bitcoin holdings to 601,550 Bitcoins—an impressive figure that showcases the company's ongoing accumulation strategy.

Bitcoin's share of the total cryptocurrency market cap broke 66% at the end of June, and subsequently pulled back to below 65%. This pullback created conditions for the short-term strong breakouts of many altcoins.

History shows that the golden period for altcoins usually begins when Bitcoin Dominance reaches a peak of nearly 70%, followed by a reversal. Analyst Rekt Capital shared on X (formerly Twitter) that if Bitcoin Dominance drops a few more percentage points, a strong wave of altcoin bull market will erupt.

BTC Technical Analysis

Bitcoin soared to a historic high of $123,218 on Monday, but the bulls failed to hold the high, as indicated by the long upper shadow of the candle.

The RSI indicator is in the overbought zone, indicating that BTC/USDT may enter a slight pullback or accumulation phase in the short term.

The pullback is expected to find support at the 20-day moving average (111,843 USD). If this happens, it indicates that the bullish momentum remains strong. Bulls will continue to try to push the price above 123,218 USD, initiating the next round of upward movement, targeting 150,000 USD.

If the price falls below the 50-day moving average (107,631 USD), the advantage will lean towards the bears.

(Source: Trading View)

ETH Technical Analysis

The long upper shadow during the early trading session of Ethereum (ETH) indicates that selling pressure is intensifying at higher price levels, suggesting that the bears have not given up.

Currently, the nearest support level is at $2,879. If the price rebounds from this area, it will strengthen the bulls' attempt to convert this level into a solid buffer. In a positive scenario, the ETH/USDT coin pair may regain momentum and break through the key levels of $3,153 and $3,400 respectively.

However, if the price falls below $2,879, it indicates that short-term traders are facing pressure for a pullback. At that time, ETH may drop back to the 20-day moving average of $2,707. This will be a critical defense line—if the bulls want to maintain the upward trend, they must successfully defend this support level.

(Source: Trading View)

XRP Technical Analysis

XRP strongly broke through the resistance level of 2.65 USD on Friday, indicating that buying pressure has overwhelmed selling pressure.

During the Saturday trading session, the bears attempted to push the price below $2.65, but the bulls held their ground. This indicates that the bulls are working hard to convert $2.65 into a support level. The current resistance level is at $3, but if this resistance is broken, the XRP/USDT pair could rebound to $3.20 and then $3.40.

However, it is worth noting that the recent pullback has pushed the RSI into the deep overbought zone, increasing the risk of a slight retracement or consolidation in the short term. However, as long as the price stays above $2.65, the bulls will still maintain control.

(Source: Trading View)

SOL Technical Analysis

Solana (SOL) closed above $159 last week, completing a bullish head and shoulders pattern, with bulls successfully defending the breakout area on Saturday.

There is minor resistance at 168 USD, but if this resistance is broken, the SOL/USDT pair could rise to 185 USD. It is expected that bears will launch a strong defense at 185 USD, as a failure in defense could lead the pair to break through to 210 USD, followed by 220 USD.

The 20-day moving average (155 USD) is a key support level to watch on the downside. Bears must push the price lower and maintain it below the 20-day moving average to indicate a rebound.

(Source: Trading View)

DOGE Technical Analysis

Dogecoin (DOGE) faces resistance at $0.21, but a positive signal is that the bulls have not yet lost to the bears.

The 20-day moving average (0.18 USD) is trending upwards, and the RSI indicator is approaching the overbought zone, indicating that the current dominant trend is bullish. If the bulls push the price above 0.21 USD, the DOGE/USDT pair could rise to 0.26 USD. The bears are expected to defend actively in the 0.26 USD area, but if the bulls gain the upper hand, the pair could rebound to 0.35 USD.

However, the bears will not stand still. They will try to defend the resistance level above and keep the price fluctuating between $0.26 and $0.14 for a while.

(Source: Trading View)

ADA Technical Analysis

The bears attempted to stop the pump of Cardano at the descending trendline, but the bulls broke through strongly.

The closing price on Sunday was above the downward trend line, invalidating the bearish descending triangle pattern. The ADA/USDT pair may continue to rise to $0.86, which could pose resistance. However, the 20-day moving average ($0.64) is sloping upwards, and the RSI is in the overbought region, indicating that the bulls are in control. A closing price above $0.86 could drive the price towards $1.

If the price turns bearish and breaks below the 20-day moving average, this bullish outlook will become invalid in the short term. This means that a break below the downtrend line could be a bullish trap.

(Source: Trading View)

HYPE Technical Analysis

Hyperliquid (HYPE) broke through the resistance zone of 45.80 USD on Friday, indicating a continuation of the upward trend.

The HYPE/USDT currency pair has currently reached 50 USD—this key psychological level is expected to see strong defense from the bears. If the price pulls back from 50 USD but then rebounds from 45.80 USD, it indicates that the bullish momentum remains strong. In this scenario, the price may continue to rise to the 60 USD range.

If the price breaks and closes below $45.80, it could be the first sign of weakness. Subsequently, the currency pair may pull back to the 20-day moving average of ( 41.98 dollars ), which is considered a buying zone.

(Source: Trading View)