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The cryptocurrency market spent most of July in a consolidation phase after June's relief recovery. Bitcoin traded within a narrow range between $61,300 and $67,500 without confirming a breakout, while Ethereum rallied toward its descending trendline before stalling near key moving averages.
Solana entered a tightening symmetrical triangle, indicating that volatility is likely to expand during August.
Across the broader altcoin market, momentum became increasingly selective. Uniswap emerged as one of the strongest large-cap DeFi performers after breaking above multiple moving averages, whereas XRP, Dogecoin, and Shiba Inu continued to struggle below major resistance levels.
The overall market structure improved modestly compared with June, but most cryptocurrencies remain below long-term moving averages, meaning the broader trend has not yet fully shifted into a confirmed bullish cycle.
Bitcoin continues to act as the market's primary trend indicator. A sustained move above the $67,500 resistance zone could improve sentiment across digital assets, while rejection below resistance may keep the market trapped inside another consolidation phase.
Ethereum also approaches a technically important decision point as price tests its descending trendline resistance.
Bitcoin spent July consolidating after June's recovery attempt rather than extending into a stronger rally. Price continued trading inside a horizontal range between approximately $61,300 and $67,500, showing that buyers successfully defended support but lacked sufficient momentum to reclaim higher resistance.
The daily chart shows BTC trading near $64,400, almost exactly around its 50-day EMA near $64,922, while remaining well below the 200-day EMA near $73,493. This marks an improvement compared with June, when Bitcoin traded below both major moving averages, but the long-term trend continues to favor caution.
Price has now developed a well-defined consolidation structure after May's sharp breakdown. The repeated rejection below $67,500 suggests sellers remain active at higher levels, while buyers continue defending the $61,300 support region.
The previous ascending channel breakdown remains intact, although Bitcoin has managed to stabilize significantly since June. A decisive move beyond the current range will likely determine the market's next medium-term direction.
The Relative Strength Index (RSI) remains near 50, reflecting neutral momentum. Unlike June's recovery phase, July did not generate strong bullish acceleration, suggesting that buyers and sellers remain relatively balanced.
The MACD has flattened close to the zero line after recovering from June's deeply negative readings. While bearish momentum has largely faded, bullish momentum has yet to strengthen enough to confirm another impulsive move higher.
Trading volume has gradually declined throughout the consolidation, indicating that market participants are waiting for confirmation before committing to larger directional positions.
Bitcoin continues to trade inside a well-defined consolidation range after June's recovery.
Immediate Resistance: $67,516, followed by $73,500-$82,000
Key Support: $61,307, followed by $58,115
A sustained breakout above $67,516 would represent the first meaningful bullish confirmation since May's breakdown and could open the path toward the 200-day EMA near $73,500.
Failure to defend $61,307 would shift momentum back toward the bears and expose Bitcoin to another test of $58,115.
July can be described as a month of consolidation for Bitcoin rather than continuation. The asset successfully defended June's recovery but has not yet reclaimed the major resistance required to confirm a broader bullish reversal.
Momentum remains neutral, with RSI hovering around 50 and MACD flattening. Until Bitcoin breaks above $67,516, the broader market structure remains cautiously constructive rather than outright bullish.
Ethereum extended June's recovery during July by rallying toward its long-term descending trendline. However, buyers failed to generate enough strength to reclaim the trendline decisively, causing price to pull back into another period of consolidation.
The daily chart shows ETH trading near $1,892, slightly above its 50-day EMA around $1,850, but still below both the 100-day EMA near $1,932 and the 200-day EMA near $2,173. This represents meaningful technical improvement compared with June, although the broader trend remains corrective.
Price has now reached one of the most important technical decision zones since May's decline. The descending trendline that has capped every rally since April continues to act as dynamic resistance.
The $1,800 region has also transitioned into an important support level after previously acting as resistance. As long as Ethereum remains above this zone, buyers retain a moderate technical advantage.
The RSI remains around 54, suggesting mildly positive momentum without entering overbought conditions.
The MACD remains positive, although both the MACD and signal lines have begun to flatten, reflecting slowing upside momentum after July's recovery.
Volume has moderated following the initial rebound, indicating that the market is waiting for a confirmed breakout above resistance before expanding participation.
Ethereum remains inside a medium-term recovery while approaching major resistance.
Immediate Resistance: $1,930-$1,950, followed by $2,170
Key Support: $1,800, followed by $1,500
A breakout above the descending trendline and $1,930 could allow Ethereum to challenge the 200-day EMA near $2,173, which represents the next major bullish objective.
If Ethereum loses $1,800, the recent recovery structure would weaken and increase the probability of another move toward $1,500.
July strengthened Ethereum's recovery compared with June as price reclaimed the 50-day EMA and tested long-term trendline resistance.
Momentum remains constructive, but Ethereum still requires confirmation above $1,930 and eventually $2,173 before the broader market structure shifts toward a sustained bullish trend.
The coming weeks will likely determine whether July's advance develops into a larger breakout or simply becomes another rally within the broader corrective cycle.
Solana spent July consolidating after its strong recovery from the June low near $59.11. The daily chart shows SOL trading around $74.12, with price compressed between a descending resistance trendline and a rising support trendline. This has created a symmetrical triangle structure, signalling that volatility is contracting and a larger directional move may be approaching.
The recovery from the June low initially carried SOL toward the $82-$83 region. However, buyers failed to sustain the move above the descending trendline, and price gradually returned toward the middle of the triangle. The repeated formation of lower highs suggests that sellers remain active during rallies, while the higher lows indicate that buyers continue to defend weakness.
Solana is trading below the 50-day EMA near $76.09 and significantly below the 200-day EMA near $93.62. The 50-day EMA has become an immediate dynamic resistance level, while the 200-day EMA reinforces the broader corrective structure.
The chart also shows major horizontal resistance near $98.02, which aligns closely with the upper long-term moving-average zone. A breakout above this region would be needed to confirm a meaningful improvement in Solana’s medium-term trend.
For now, the triangle remains the central structure. Price is approaching its apex, which generally means the current period of low volatility may not continue for much longer.
The Relative Strength Index stands near 45.15, below the neutral 50 level. This suggests that sellers retain a slight momentum advantage, although the reading is not weak enough to indicate oversold conditions.
The RSI has gradually declined from the higher levels reached during early July, reflecting the loss of momentum after SOL failed near the upper trendline. A move back above 50 would improve the short-term outlook, while a decline below 40 could indicate renewed downside pressure.
The MACD remains close to the zero line, with both lines flattening and the histogram showing only limited movement. This confirms the lack of strong directional momentum inside the triangle.
Solana remains in a neutral consolidation phase inside a symmetrical triangle.
Immediate Resistance: $76.09-$80, followed by $98.02
Key Support: $67.50, followed by $59.11
A decisive daily close above the descending trendline and the 50-day EMA near $76.09 would improve the short-term setup. Such a move could allow SOL to retest the $80-$83 area before targeting the major resistance at $98.02.
A breakout above $98.02 would be especially important as it would place price above the major horizontal resistance zone and close to the 200-day EMA. This would provide stronger evidence that Solana is shifting from consolidation into a broader recovery.
On the downside, the rising trendline and the $67.50 horizontal level form the first major support zone. A breakdown below this area would invalidate the triangle’s constructive lower boundary and expose SOL to another test of $59.11.
The chart also marks lower historical support around $51.28, but this would become relevant only if the June low fails.
The main risk is a downside break from the triangle while price remains below both the 50-day and 200-day EMAs. Weakness in Bitcoin could accelerate such a move and pull SOL below $67.50.
Another risk is a false breakout above the descending trendline. Buyers would need follow-through above the 50-day EMA and rising volume to confirm that any upside move is sustainable.
July was a consolidation month for Solana following June’s sharp rebound. The asset formed a symmetrical triangle, reflecting balance between buyers defending higher lows and sellers controlling lower highs.
Momentum remains slightly weak, with RSI below 50 and MACD flattening near the zero line. Price also remains below the 50-day and 200-day EMAs, keeping the broader trend cautious.
A breakout above $76.09-$80 would improve the short-term outlook and could open the path toward $98.02. However, a breakdown below $67.50 would weaken the structure and expose SOL to $59.11.
Until the triangle resolves, Solana remains neutral, with traders waiting for confirmation of the next directional move.
XRP remained under pressure throughout July, continuing to trade below all major moving averages. The daily chart shows the token near $1.07, after repeatedly failing to hold recoveries above the $1.10-$1.13 region.
The broader structure remains bearish as XRP is trading below the 50-day EMA near $1.13, the 100-day EMA near $1.21, and the 200-day EMA near $1.41. These moving averages are also arranged in bearish order, with the shorter-term average below the longer-term averages.
The June decline pushed XRP toward the psychological $1 support level, where buyers repeatedly stepped in. Price recovered toward $1.15 during July, but each rally was rejected below the 50-day EMA. This shows that the first major layer of resistance remains firmly in place.
The second XRP chart includes Fibonacci retracement levels drawn from approximately $1.55 to $1.01. Price remains below the 0.786 retracement near $1.126, while the 0.618 retracement near $1.217 aligns closely with the 100-day EMA. This creates a dense resistance cluster between $1.13 and $1.22.
A stronger bullish reversal would therefore require more than a small move above $1.10. XRP would need to reclaim the 50-day EMA, the Fibonacci resistance zone and the 100-day EMA before sentiment could improve materially.
The RSI stands around 43-44, indicating bearish-to-neutral momentum. It remains below the neutral 50 level, showing that buyers have not regained control despite repeated support near $1.
The RSI has avoided oversold territory, which suggests selling pressure is not extreme. However, the inability to move above 50 confirms that recoveries remain weak.
The MACD remains below the zero line. The MACD and signal lines are close together, while the histogram is nearly flat. This indicates that downside momentum has slowed, but there is still no strong bullish crossover capable of confirming a larger reversal.
Volume has also declined compared with the June selloff. Lower volume during consolidation suggests that neither buyers nor sellers currently have enough strength to drive a decisive breakout.
XRP continues to trade inside a bearish consolidation above the psychological $1 support level.
Immediate Resistance: $1.13, followed by $1.21-$1.30
Key Support: $1.00, followed by lower demand below the psychological level
A sustained move above $1.13 would be the first sign that short-term selling pressure is weakening. Price could then test the $1.21-$1.22 region, where the 100-day EMA and 0.618 Fibonacci retracement overlap.
The next major horizontal resistance is near $1.30. Reclaiming this level would significantly improve the medium-term structure and indicate that XRP has moved beyond the June breakdown zone.
Above $1.30, the 200-day EMA near $1.41 would become the next important target. Until that level is reclaimed, however, the long-term trend would remain under pressure.
On the downside, $1 remains the most important support. Buyers have defended this region multiple times, making it both a technical and psychological level.
A decisive close below $1 would weaken the current base and could trigger another leg lower. The supplied charts do not mark a precise support immediately below $1, so deeper downside targets would require additional chart confirmation.
The main risk is repeated rejection from the 50-day EMA, which could gradually weaken buyer confidence. If Bitcoin or the broader market turns lower, XRP could lose the $1 support level.
Another risk is that a brief move above $1.13 may become a false breakout. Stronger confirmation would require price to hold above $1.13 and continue toward $1.21 with rising volume.
July remained difficult for XRP. The token defended the $1 level but failed to reclaim its 50-day EMA and continued trading below all major moving averages.
Momentum remains weak, with RSI below 50 and MACD still in negative territory. The narrowing MACD structure suggests that selling pressure is easing, but price confirmation remains absent.
XRP must reclaim $1.13 to improve its short-term outlook. A move above $1.21-$1.30 would be required to signal a more meaningful recovery.
Until then, XRP remains in a bearish-to-neutral consolidation structure, with the $1 support level acting as the key line between stabilization and renewed downside.
Uniswap (UNI) delivered one of the strongest performances among major altcoins during July, breaking out of its prolonged consolidation phase and reclaiming multiple key technical levels. The daily chart shows UNI trading near $4.44 after recording a strong double-digit rally that pushed the token well above its short- and medium-term moving averages. Compared to the weak structure seen in June, July marked a significant improvement in market sentiment.
The breakout began after UNI successfully defended the support zone around $3.00-$3.20, where buyers consistently absorbed selling pressure. From there, price moved steadily higher, reclaiming the 20-day EMA near $3.73, followed by the 50-day EMA around $3.46 and the 100-day EMA near $3.43. These moving averages, which had acted as resistance for several months, have now turned into potential dynamic support.
The latest rally also carried UNI above the important horizontal resistance around $4.20, a level that had rejected several recovery attempts earlier this year. The current candle shows strong bullish momentum as price reached approximately $4.44, marking one of the highest closes since the May decline.
Despite the strong recovery, UNI still trades below the longer-term resistance levels located near $5.14 and the major resistance zone around $6.52. These areas represent previous swing highs and remain the primary hurdles before the longer-term trend can be considered fully bullish.
Volume expanded noticeably during the breakout, confirming increased buying participation rather than a low-volume recovery. This increase in trading activity strengthens the validity of the recent move and suggests institutional and retail participation has improved.
Overall, July transformed UNI's market structure from bearish consolidation into an emerging bullish trend, with higher highs and higher lows beginning to replace the previous downtrend.
Momentum indicators strongly support the recent breakout.
The Relative Strength Index (RSI) currently stands near 75, moving into overbought territory. While an RSI above 70 often signals that short-term profit-taking could occur, strong trending markets frequently remain overbought for extended periods. Rather than indicating immediate weakness, the current RSI reflects aggressive buying momentum.
The Stochastic Oscillator is also trading above 90, confirming extremely strong short-term momentum. Similar to the RSI, this suggests UNI has experienced rapid appreciation and may consolidate before attempting another upward move.
Although the chart does not display a MACD indicator, the alignment of moving averages and expanding price action indicates strengthening bullish momentum. The 20-day EMA has crossed above both the 50-day and 100-day averages, creating a positive technical structure that often accompanies sustained recoveries.
Trading volume also increased alongside price, providing additional confirmation that the breakout is supported by genuine market participation rather than speculative spikes alone.
UNI now appears to be entering a stronger recovery phase after several months of weakness.
Immediate Resistance: $5.14, followed by $6.52
Key Support: $4.20, followed by $3.73-$3.46
Holding above $4.20 would confirm that the recent breakout has successfully converted previous resistance into support. If buyers maintain control above this level, UNI could gradually advance toward the $5.14 resistance zone.
A decisive move above $5.14 would significantly improve the medium-term outlook and expose the next major target near $6.52, where stronger selling pressure may emerge.
On the downside, the first important support lies near $4.20. Below this, the cluster of moving averages between $3.73 and $3.46 provides additional support that could absorb short-term corrections.
As long as UNI remains above these moving averages, the overall recovery structure is likely to remain intact.
July marked a major technical improvement for Uniswap. The token successfully broke above multiple moving averages, reclaimed the important $4.20 resistance level, and recorded one of the strongest monthly recoveries among leading altcoins.
Momentum indicators remain firmly bullish, with RSI and Stochastic readings reflecting strong buying interest despite entering overbought territory. Rising trading volume further strengthens confidence in the breakout.
The next challenge for UNI lies near $5.14, followed by the longer-term resistance around $6.52. As long as price holds above $4.20, the overall technical outlook has shifted from bearish to cautiously bullish, suggesting buyers currently maintain the upper hand.
Dogecoin (DOGE) remained under sustained selling pressure throughout July, with the weekly chart continuing to reflect a long-term bearish structure. The token traded near $0.069, extending the gradual decline that has been in place since its late-2024 peak. Despite several attempts to stabilize above the psychological $0.07-$0.08 region, buyers failed to generate enough momentum to reverse the prevailing downtrend.
The chart highlights a well-defined descending trendline that has capped every major rally over the past several months. DOGE remains firmly below this trendline, confirming that sellers continue to dominate the broader market structure. Every recovery attempt has produced lower highs, while price has gradually drifted toward the lower end of its trading range.
The moving averages also reinforce the bearish outlook. DOGE is currently trading below the 50-week EMA near $0.121, the 100-week EMA around $0.142, and the 200-week EMA close to $0.139. These averages remain aligned in bearish order and continue to act as dynamic resistance. Until price is able to reclaim these long-term moving averages, the broader trend is likely to remain negative.
During July, DOGE traded in a relatively narrow consolidation range between $0.065 and $0.075. Although selling pressure slowed compared to the sharp declines recorded earlier this year, the absence of a meaningful recovery suggests that market participants remain cautious. Volume has also remained relatively subdued, indicating that neither buyers nor sellers have established strong conviction during the consolidation phase.
From a structural perspective, the token is attempting to build a base above the long-standing support zone around $0.05, but the overall trend continues to favour the bears. A sustained recovery would require a decisive breakout above both the descending trendline and the cluster of moving averages overhead.
Momentum indicators continue to reflect weak market conditions, although the intensity of selling pressure appears to be moderating.
The Relative Strength Index (RSI) is currently positioned around 32-33, placing DOGE close to oversold territory. While the RSI has not yet reached extreme oversold levels below 30, it remains well below the neutral 50 mark, confirming that bearish momentum still dominates. The current reading also suggests that buyers have yet to regain meaningful control despite the recent period of consolidation.
The MACD remains below the zero line, with both the MACD and signal lines trading in negative territory. Although the histogram has begun to flatten compared to previous weeks, there is still no confirmed bullish crossover capable of signalling a sustained trend reversal.
Trading volume has gradually declined as price continues to consolidate. Lower volume during sideways movement often reflects reduced market participation and suggests investors are waiting for stronger directional signals.
DOGE continues to trade within a long-term bearish channel while attempting to establish support near its recent lows.
Immediate Resistance: $0.10, followed by $0.12-$0.14
Key Support: $0.05, followed by lower historical demand below this level.
The first significant resistance remains around $0.10, which aligns with previous horizontal price action. A successful move above this level would improve short-term sentiment and could encourage buyers to target the 50-week EMA near $0.12.
Beyond that, the cluster formed by the 100-week and 200-week EMAs between $0.139 and $0.142 represents the next major technical hurdle. Reclaiming this region would signal a substantial improvement in the long-term market structure and potentially mark the beginning of a broader trend reversal.
On the downside, the $0.05 support zone continues to serve as the most important technical level. This area has attracted buyers on multiple occasions over the past two years and remains a critical psychological support level.
As long as DOGE remains above $0.05, the current consolidation phase may continue. However, failure to defend this level could expose the token to another leg lower and reinforce the existing bearish trend.
Dogecoin remained one of the weaker large-cap cryptocurrencies during July, continuing to trade below its long-term descending trendline and all major moving averages. While selling pressure eased compared with previous months, buyers were unable to generate a convincing recovery above key resistance levels.
Momentum indicators remain cautious, with the RSI hovering near oversold territory and the MACD still trading below the zero line. These readings suggest that downside momentum is slowing, but confirmation of a bullish reversal has yet to appear.
The technical outlook remains dependent on whether DOGE can reclaim $0.10 and eventually move above the $0.12-$0.14 resistance zone. Until then, the token continues to trade in a bearish-to-neutral consolidation, with the $0.05 support level remaining the key line separating stabilization from further downside.
Shiba Inu (SHIB) remained under pressure for most of July but showed encouraging signs of recovery during the final week of the month. The daily chart indicates that SHIB is trading near $0.00000510, rebounding sharply from the strong support zone around $0.00000405 after spending several weeks consolidating near yearly lows. While the broader trend remains cautious, the latest breakout has improved the short-term technical picture.
For much of the past several months, SHIB traded within a well-defined descending trendline that consistently capped every recovery attempt. During July, buyers finally generated enough momentum to push price above the immediate short-term moving averages and challenge the descending resistance line. Although the breakout is still developing, it marks the strongest bullish attempt since the prolonged decline began earlier this year.
The chart also shows SHIB reclaiming the 20-day EMA, while approaching the 50-day EMA and the descending trendline simultaneously. These levels now form the first major resistance cluster. Above this area, stronger horizontal resistance is visible near $0.00000669, followed by the more significant resistance zone around $0.00001009. The long-term bearish structure will remain intact until these overhead resistance levels are successfully reclaimed.
Volume increased noticeably during the late-July rally, suggesting that buying interest strengthened after several weeks of subdued activity. Unlike previous recovery attempts that quickly lost momentum, the latest move was accompanied by expanding volume, adding credibility to the breakout attempt.
Overall, SHIB has shifted from an extended bearish decline into an early recovery phase. However, the token remains below its longer-term resistance zones, meaning additional confirmation is still required before the broader trend can be considered bullish.
The MACD has produced a bullish crossover, with the MACD line moving above the signal line while the histogram has turned positive. This indicates that bullish momentum is beginning to replace the selling pressure that dominated during previous months. Although the MACD remains relatively close to the zero line, the improving histogram suggests momentum continues to strengthen.
Trading volume expanded considerably during the breakout from the $0.00000405 support area. Rising volume accompanying higher prices is generally viewed as a constructive technical signal, showing that buyers are becoming increasingly active rather than the rally being driven by weak liquidity.
Overall, momentum indicators suggest that bearish pressure has eased considerably.
SHIB enters August with improving technical momentum after successfully defending its major support zone.
Immediate Resistance: $0.00000604, followed by $0.00000669
Key Support: 0.00000500, followed by 0.00000405
The first technical hurdle is the $0.00000604-$0.00000669 resistance zone, where the descending trendline and moving averages converge. A sustained breakout above this region would confirm that buyers have regained short-term control and could open the path toward the larger resistance near $0.00001009.
Reclaiming $0.00001009 would represent a significant improvement in SHIB's medium-term market structure and indicate that the prolonged downtrend is beginning to reverse.
On the downside, the $0.00000500 region now serves as the first level of support following the recent breakout. Below this, the major demand zone around $0.00000405 remains the most important technical floor. Buyers defended this area aggressively during July, making it a key psychological and structural support level.
As long as SHIB continues trading above $0.00000500, the current recovery structure remains intact. Failure to hold this level could result in another test of the $0.00000405 support zone.
July marked the first meaningful technical improvement for Shiba Inu after several months of sustained weakness. The token successfully rebounded from its major support zone, broke above short-term moving averages, and generated a bullish MACD crossover supported by rising trading volume.
Although SHIB remains below its longer-term resistance levels, the improving momentum suggests buyers are gradually regaining confidence. The next major objective is a sustained move above the $0.00000604-$0.00000669 resistance area, which would strengthen the case for a broader recovery.
Until then, SHIB remains in an early recovery phase, with $0.00000500 acting as immediate support and $0.00000405 continuing to represent the key long-term support level. A successful defense of these areas could provide the foundation for further gains in the coming weeks.
Stellar (XLM) remained under selling pressure throughout July, extending the correction that began after its sharp rally in early June. The daily chart shows XLM trading near $0.172, gradually drifting lower after repeatedly failing to sustain gains above the $0.18-$0.19 region. While buyers have managed to defend the broader support zone above $0.17, the overall technical structure has weakened over the month.
Following the explosive breakout in June that briefly pushed XLM close to $0.30, the token retraced a significant portion of those gains. Fibonacci retracement levels drawn from the June rally indicate that price has now slipped below the 0.786 retracement near $0.173, suggesting that most of the prior advance has been retraced. The token is currently trading just below this level, highlighting continued weakness in buying momentum.
The moving averages also reflect the deteriorating structure. XLM trades below the 50-day EMA near $0.186, the 100-day EMA around $0.186, and the 200-day EMA near $0.197. These moving averages are now clustered together above the current price and have started acting as a strong resistance zone. Until XLM is able to reclaim these averages, the medium-term trend is likely to remain under pressure.
Trading volume has declined considerably compared with the surge witnessed during June's rally. The reduced participation suggests that market activity has normalized after the earlier speculative buying, with investors now waiting for a clearer directional move.
Overall, July shifted XLM from an aggressive bullish breakout into a bearish consolidation phase, with price stabilizing above support but remaining below key technical resistance.
The Relative Strength Index (RSI) currently stands near 39, remaining below the neutral 50 level. This indicates that bearish momentum still dominates, although the RSI remains above the oversold threshold of 30, suggesting sellers are losing some strength rather than accelerating the decline.
The MACD remains below the zero line, with both the MACD and signal lines trading in negative territory. The histogram continues to print small negative bars, reflecting weak downside momentum.
Volume has also contracted during the recent consolidation. Lower volume combined with flat momentum indicators suggests the market is waiting for a catalyst before establishing the next major trend.
XLM continues to trade within a corrective structure after surrendering most of its June gains.
Immediate Resistance: $0.177, followed by $0.186-$0.197
Key Support: $0.172, followed by $0.142
The first resistance lies near $0.177, which coincides with the recent consolidation range. A successful move above this level would allow XLM to challenge the major resistance cluster between $0.186 and $0.197, where the 50-day, 100-day and 200-day EMAs converge.
A decisive breakout above this moving average cluster would significantly improve the short-term outlook and could open the door for a move toward the higher Fibonacci retracement levels around $0.219, $0.238, and eventually $0.261.
On the downside, $0.172 represents the first area of support following the recent pullback. Below this, the next major support is located near $0.142, which aligns with the base of the June breakout and serves as an important psychological demand zone.
As long as XLM remains above $0.142, the broader recovery structure from earlier this year remains technically intact. A break below this level would likely invalidate the current base-building process and expose the token to deeper losses.
July was largely a corrective month for Stellar, with the token giving back a significant portion of its June rally and slipping below all major moving averages. Although selling pressure has eased, buyers have not yet managed to reclaim key resistance levels.
Momentum indicators remain weak, with the RSI below 50 and the MACD continuing to trade in negative territory. At the same time, declining volume suggests that the recent pullback is losing intensity rather than accelerating.
For the technical outlook to improve, XLM must reclaim the $0.177 level and move back above the $0.186-$0.197 moving average cluster. Until then, the token remains in a bearish-to-neutral consolidation phase, with $0.142 acting as the most important long-term support level.
Bitcoin (BTC): Trading in a broad consolidation above the $61,300-$58,100 support zone after defending June lows. A sustained breakout above $67,500 is needed to confirm the next bullish leg, while reclaiming the 200-day EMA near $73,500 would significantly strengthen the medium-term outlook.
Ethereum (ETH): Maintaining a constructive recovery above the $1,800 support area and holding above its 50-day EMA. A decisive move above $1,930-$2,173 is required to break the long-term descending trendline and confirm a stronger bullish reversal.
Solana (SOL): Trading inside a symmetrical triangle following July consolidation. The structure remains neutral, with a breakout above $76-$80, followed by $98, needed to confirm renewed upside momentum.
XRP: Holding firmly above the psychological $1.00 support but continuing to trade below all major moving averages. Reclaiming $1.13-$1.30 is necessary to shift the medium-term outlook from bearish-neutral to bullish.
Uniswap (UNI): One of July's strongest performers after breaking above multiple moving averages and establishing a higher-high structure. A sustained move above $5.14 could pave the way toward the $6.50 resistance zone and reinforce the ongoing bullish trend.
Dogecoin (DOGE): Continuing to trade within a long-term downtrend below its descending trendline and major weekly moving averages. A recovery above $0.10-$0.14 is required before sentiment can improve meaningfully.
Shiba Inu (SHIB): Showing early signs of recovery after rebounding from long-term support and reclaiming short-term moving averages. A breakout above $0.00000604-$0.00000669 would confirm improving momentum and strengthen the recovery structure.
Stellar (XLM): Correcting after June's sharp rally while trading below all major moving averages. A move above $0.177-$0.197 is required to restore bullish momentum, whereas holding above $0.172 remains crucial to prevent a deeper pullback.
Bitcoin's Breakout Above $67,500: Bitcoin remains the market leader, and a decisive move above $67,500 would confirm the end of its consolidation phase. If buyers maintain momentum, the next upside targets lie near the 200-day EMA around $73,500, with stronger bullish continuation possible thereafter.
Ethereum's Test of the $1,930-$2,173 Resistance Zone: Ethereum has maintained its recovery above $1,800 but now faces a crucial resistance cluster formed by the 100-day EMA, long-term descending trendline, and 200-day EMA. A breakout through this zone would significantly improve the medium-term outlook.
Solana's Triangle Breakout: Solana continues to compress inside a symmetrical triangle. August will likely determine the next major move, with a sustained break above $76-$80, followed by $98, signalling renewed bullish momentum. Failure to hold above $67.50 could invalidate the current recovery structure.
Altcoin Recovery Breadth: Uniswap has emerged as one of the strongest performers, while Shiba Inu is showing early recovery signs. XRP, Dogecoin and Stellar, however, continue to lag. A broader altcoin rally will depend on whether these weaker assets can reclaim their respective 50-day moving averages and major resistance zones.
Momentum Confirmation Across Major Coins: MACD indicators have flattened across Bitcoin, Solana and XRP, while Ethereum and Uniswap continue to show relatively stronger momentum. August will require price confirmation through higher highs and rising trading volume to validate improving technical signals.
Critical Support Levels: Bitcoin must continue holding $61,300, Ethereum $1,800, Solana $67.50, XRP $1.00, Dogecoin $0.05, Shiba Inu $0.00000500, Uniswap $4.20, and Stellar $0.172. Losing these support zones would weaken the current recovery and could trigger another round of market-wide selling.
Macro Environment and Institutional Flows: Beyond technicals, traders will closely monitor institutional ETF flows, macroeconomic data, US Federal Reserve policy expectations, and overall risk appetite. Continued institutional demand could support Bitcoin and Ethereum, while improving market sentiment would likely encourage capital rotation into higher-beta altcoins during August.
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