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XRP’s Most Important Level: The Battle for $1.06 Begins

XRP’s Most Important Level: The Battle for $1.06 Begins

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Ripple’s cross-border token has plunged by 5% over the past month to the current $1.07.

This is just above the crucial $1.06 zone, which, according to some analysts, can trigger the next decisive breakout.

Bulls vs. Bears

Ali Martinez believes that “everything comes down to $1.06 for XRP.” In his view, holding the line could open the door to a rally to $1.35 and even $1.64, whereas losing it might result in a potential slump to as low as $0.62.

X user ChartNerd has also stressed the importance of that level. The analyst noted that XRP found support at $1.06, but claimed there is heavy resistance remaining above the $1.08-$1.23 range and “prior ascending support was lost.”

“$1.16 remains the main roadblock ahead of the EMAs. Downward pressure remains until otherwise,” they added.

Shortly after, ChartNerd touched upon XRP’s bearish outlook amid the challenging times. They suggested that the asset may sweep even below $1 in the near future and that “would not be utterly surprising” given the market structure. At the same time, the analyst described such a potential downtrend as “another golden ticket entry in disguise.”

“The next few months are setting the stage for the next market repricing. Maybe the biggest yet,” they added.

Additional Forecasts

EGRAG CRYPTO and JAVON MARKS also gave their two cents. The former opined that XRP has lost the 50 MA and is approaching the 100 EMA, a zone that has historically provided strong long-term support.

The analyst labeled a possible retrace to the $1-$0.95 range as a “healthy macro retest while holding the 100 EMA.” They set $0.80 as “maximum downside” if XRP tumbles to the lower boundary of the long-term channel, but said the targets of $15, $27, and $50+ don’t shrink and rise in time.

As of now, it’s hard to imagine an explosion to even $15 since it will require the token’s market capitalization to skyrocket to nearly $1 trillion. But then again, no one really knows what the future holds.

JAVON MARKS was also bullish, albeit presenting a far more modest prediction than EGRAG CRYPTO. They claimed that XRP has shown a clear breakout of a key resistance trend and the price can respond by jumping beyond $3.50.

The post XRP’s Most Important Level: The Battle for $1.06 Begins appeared first on CryptoPotato.

Bitcoin Rebounded in July, but Bears Target an August Pullback

Bitcoin Rebounded in July, but Bears Target an August Pullback

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We will begin with the mandatory disclaimer, as we are well aware that historical performance does not guarantee similar moves in the future. However, history does tend to rhyme, and that’s what happened in July for BTC.

The question is: will August follow suit, as the month has not been kind to the largest cryptocurrency, especially the last four editions.

July Brought Some Gains

Before we explore what happened in July, here’s a brief outlook of the painful June, which set the stage for a rebound during the seventh month of the year. The 2026 edition of June became the most violent in terms of price moves for the cryptocurrency in precisely four years. It tumbled by 20.48% in 2026 compared to 37.28% in June 2022.

As such, it was almost expected that July would be a better month. History was also on BTC’s side as 9 out of the last 11 were in the green. However, the start was actually quite surprising as bitcoin dipped below $58,000 on July 1 for the first time in nearly two years.

The bears quickly lost control, though, and the asset reclaimed the coveted $60,000 level within a day or two. It wasn’t the most volatile of months, but BTC still managed to post some gains and peaked on July 21 at $67,000. This became its highest price tag in two months.

However, it was rejected there despite the softer-than-expected inflation data for June and the fact that the Fed refused to hike interest rates last week. Thus, bitcoin ended the month at under $64,000, which was still a 9% monthly increase.

Bitcoin Monthly Returns. Source: CoinGlass
Bitcoin Monthly Returns. Source: CoinGlass

Your Move, August

As popular analyst Ali Martinez put it yesterday: August hasn’t been kind to bitcoin. In fact, the last four have all been in the red, posting losses of 13.88%, 11.29%, 8.6%, and 6.49%, respectively. The silver lining is that the declines become less violent over time.

The broader August perspective is still deeply negative, though. Only three out of the last 12 editions have been in the green, with 2017 standing out as the most bullish one on record. At the time, BTC rocketed by over 65%, but it was a different time and a vastly different market phase.

For now, BTC enters August 2026 with lots of uncertainty not only within the industry itself, where interest has dwindled lately, but on a macro perspective as well. The war in the Middle East continues, and the one between Ukraine and Russia too, while inflation remains an issue, and Trump’s controversial actions tend to halt each breakout attempt in its tracks.

The post Bitcoin Rebounded in July, but Bears Target an August Pullback appeared first on CryptoPotato.

Key Solana (SOL) Indicator Finally Flashes a Buy Signal: Can Bulls Push to $120?

Key Solana (SOL) Indicator Finally Flashes a Buy Signal: Can Bulls Push to $120?

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Solana (SOL) joined the broader crypto rebound after cooling US inflation data, climbing back toward $80.

According to some analysts, this could be the beginning of a more substantial rally that might push the price well beyond the psychological level of $100.

SOL Turns Bullish

The renowned analyst Ali Martinez claimed that the Average True Range (ATR) stop has flipped below price, marking the first SuperTrend buy signal on Solana since October 10.

He believes that if buying pressure continues to build, SOL could surge toward $96 and even $121. At the same time, Martinez paid close attention to the $60 level, noting that a drop below that support would invalidate the bullish setup.

Michael van de Poppe also chipped in, suggesting that the asset is at an important crossroads. He thinks that if SOL manages to keep its current valuation at around $77, it may trigger a much more substantial upswing. On the other hand, he warned that a drop below $73 could trigger a retest of the lows in the coming weeks.

Bloomberg’s James Seyffart pointed to a key regulatory development that may swing momentum toward the bulls. He revealed that Wall Street giant Morgan Stanley has filed updated documents to launch a Solana ETF with the ticker MSOL and a 0.14% fee. An eventual introduction of such a financial vehicle could draw additional investors into Solana’s ecosystem and benefit the price.

It is important to note that Morgan Stanley wouldn’t be the only behemoth offering that kind of a product, as Bitwise, Fidelity, Grayscale, VanEck, Franklin Templeton, Invesco, 21Shares, and Canary Capital have already jumped on the bandwagon. The cumulative net inflow into spot SOL ETFs to date has reached almost $1.15 billion.

Another Positive Factor

The prolonged bear market and unmet ecosystem expectations have recently pushed Solana’s fear, uncertainty, and doubt (FUD) to its highest level for 2026.

This means that sentiment among market participants is extremely negative, and most weak-hand investors have already exited. The development could be interpreted as bullish, since the price often reverses when fear peaks, suggesting that the cycle’s bottom might have been formed.

The post Key Solana (SOL) Indicator Finally Flashes a Buy Signal: Can Bulls Push to $120? appeared first on CryptoPotato.

These 3 Missing Pieces Are Holding Bitcoin Back, Says Analyst

These 3 Missing Pieces Are Holding Bitcoin Back, Says Analyst

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Despite gaining over 10% since its recent multi-year low at under $58,000, bitcoin is still not out of the woods yet as the bears continue to dominate, said Ali Martinez.

Meanwhile, fellow analyst Ted Pillows believes BTC, alongside the S&P 500, is poised for more losses, but the cryptocurrency is poised to outperform the index.

Still Bear-Dominated Market

In its most recent post on BTC’s market structure, Martinez outlined the three critical factors that have to change to overcome its current state. First, it’s the aSOPR (Adjusted Spent Output Profit Ratio), an on-chain metric measuring whether bitcoin investors are selling their units at a profit or a loss on average. It continues to hover below 1, showing that most sales are concluded by holders realizing losses.

“The first technical confirmation of a trend reversal from bearish to bullish will be the aSOPR metric crossing back above zero,” the analyst said.

The second is the Puell Multiple, which measures miner profitability by dividing the daily dollar value of newly issued BTC by its 365-day moving average. It shows whether miners are experiencing extreme income stress, as seen earlier this year during one of the largest miner walkouts.

The last factor brought up by Martinez was the Reserve Risk Multiple. The on-chain technical indicator demonstrates the confidence of long-term holders relative to its price, and it’s also below 1. Bitcoin would require a “confirmed break on the aSOPR, followed by zero-line breakouts on the Puell Multiple and Reserve Risk Multiple” to validate the start of a new bull market.

$82K and Its Importance

Michaël van de Poppe believes $82,000 holds particular significance in the current BTC structure, as the 50-week Moving Average is positioned around that level. Historically, this key MA has served as major resistance, and bitcoin solidified the end of its previous bear market only after it reclaimed that line.

At first, BTC would have to break past the 21-week MA (currently around $75,000) before heading toward the more important 50-week MA, said van de Poppe.

Separately, Ted Pillows focused on bitcoin’s relation and correlation with the S&P 500, claiming that both asset classes will “drop over the coming months.” However, he expects the cryptocurrency to emerge victorious after the final leg down. For now, though, the reality is quite different, as the index is up by over 10% this year, while BTC is down by almost 27%.

The post These 3 Missing Pieces Are Holding Bitcoin Back, Says Analyst appeared first on CryptoPotato.

600,000 SOL Moved to Exchanges: Is a Drop to $50 Next?

600,000 SOL Moved to Exchanges: Is a Drop to $50 Next?

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Solana investors have changed their tactics in the past several days, as on-chain data shows a massive spike in SOL exchange inflows.

According to popular analyst Ali Martinez, such behavior could be the catalyst for a more profound price decline, possibly pushing the asset toward $50, a level not seen in almost three years.

600K SOL Reach Exchanges

Citing data from Glassnode, Martinez outlined the significant uptick in the number of SOL tokens that reached exchanges, going from about 27 million to over 27.6 million, meaning a 600,000 coin deposit. Similar developments suggest that “market participants are moving liquid supply out of private wallets, signaling rising caution around current price levels.”

He added that large-scale token transfers to trading platforms hint at potential de-risking or hedging from investors, potentially leading toward a “short-term drawdown.”

The analyst with over 165,000 followers on X warned that the $50 level might come into focus if this “spot supply triggers an immediate flush.”

“A localized pullback into this key zone would serve to fully absorb the short-term panic and clear the path for a healthy accumulation base before the next major expansion,” he added.

Up or Down Next?

Solana’s native token is up by over 4.5% in the past 24 hours, and has seemingly reclaimed the $70 support. However, fellow analyst Crypto Tony warned that the asset could drop toward $60 if this particular level gives in. The token slipped to $60 during the early June crash, but managed to defend that level. It hasn’t traded at Martinez’s lower target at $50 since late 2023.

Daan Crypto Trades also weighed in on SOL’s potential, but he focused on the BTC pair. He believes SOL is “attempting a breakout from this ralling wedge,” which could send it well above the current upper boundary of 0.0011 SAT. This became possible after SOL bounced from the lower boundary in early June at 0.001 SAT.

The post 600,000 SOL Moved to Exchanges: Is a Drop to $50 Next? appeared first on CryptoPotato.

420,000,000 Dogecoin (DOGE) in 7 Days: Crash Signal or False Alarms?

420,000,000 Dogecoin (DOGE) in 7 Days: Crash Signal or False Alarms?

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The OG meme coin has fared poorly over the past several months, dropping out of the elite top 10 crypto club.

While some market observers remain optimistic that a recovery could be on the way, recent whale behavior suggests that a deeper collapse is also plausible.

DOGE Whales ‘Paying Rent’

The popular analyst Ali Martinez revealed that 420 million coins have been distributed by such large investors over the past seven days. As of current rates, the USD equivalent of this stash is around $35 million, while whales now collectively own nearly 35 billion DOGE, 22.7% of the token’s circulating supply.

The development doesn’t guarantee that the meme coin’s price is headed for further decline, but it signals that these investors are preparing for such a scenario.

Some believe these market participants are experienced players who may have access to inside information, enabling them to position themselves effectively ahead of major moves. In any case, their actions are closely monitored by retail investors, who could follow suit, thereby intensifying the sell-off.

Others took a more humorous approach to explaining the recent behavior. X user Lynor, for instance, said that DOGE whales cashed out so they can “pay rent this week.”

Time to Rally?

Martinez has been quite vocal on DOGE lately, and his previous comments were quite optimistic. Earlier in June, he disclosed that the Tom DeMark Sequential indicator flashed a buy signal on the asset, suggesting a rebound could be on the way. It’s worth mentioning that this technical tool accurately predicted the meme coin’s pullback in early May, when the valuation dropped from $0.113 to $0.078.

Later on, the analyst paid special attention to $0.081, classifying it as “the lower mid-range boundary” of a five-year parallel channel dating back to 2021. He argued that holding above that level could open the door for another “parabolic move.”

DOGE’s Relative Strength Index (RSI) supports the bullish scenario. The ratio has fallen to 30, meaning that the asset has entered oversold territory and could be due for a resurgence. The technical analysis tool ranges from 0 to 100, with anything above 70 considered a warning of a possible correction.

DOGE RSI
DOGE RSI, Source: RSI Hunter

Last but not least, we will take a look at DOGE’s exchange netflow. Over the past several weeks, outflows have surpassed inflows, reflecting a growing investor preference for self-custody – a trend that naturally reduces immediate selling pressure.

DOGE Exchange Netflow
DOGE Exchange Netflow, Source: CoinGlass

 

The post 420,000,000 Dogecoin (DOGE) in 7 Days: Crash Signal or False Alarms? appeared first on CryptoPotato.

Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

Solana Eyes $117 Breakout — If Bulls Can Crush This Key Resistance

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The Solana price has struggled to shake off its early-year woes despite a slightly improved general market climate in recent weeks. After falling from a nearly $150 valuation in the first quarter of 2026, the altcoin has been stuck within a consolidation range between $75 and $100 over the past few months.

The upper boundary of this consolidation zone proved formidable after the Solana price failed to fully capitalize on the injection of bullish momentum (triggered by news of the CLARITY Act passing the US Senate banking committee). A popular market analyst on the social media platform X has identified this specific resistance level and what lies on the other side for Solana.

A Break Above $98 Could Mean A Sustained Rally For SOL Price

In a recent post on the X platform, crypto pundit Ali Martinez pinpointed $98 as the level to break for the Solana price to reach its upside potential. According to the analyst, the cryptocurrency could embark on an approximately 30% rally if it sustains a break above this overhead resistance.

Martinez highlighted that the SOL token has been trading within a “well-defined” horizontal channel, with the lower and upper boundaries at $78 and $98, respectively. As a result of the CLARITY Act-induced market-wide rally, Solana’s price enjoyed some bullish momentum, only to be quickly truncated by the $98 ceiling.

Solana price

Having bounced back from this rejection around the pivot point at $88, Martinez believes the altcoin could be returning to the channel ceiling for another breakout attempt. The crypto trader noted that if the price of Solana does manage to break and close above the $98 (on the daily timeframe), investors could see a surge toward $107.

However, that is only an immediate target, as Martinez believes the Solana price could travel further up towards its secondary target at $117. As hinted earlier, this secondary target represents a more than 30% uptick from the current price point.

At the same time, Martinez offered an alternative scenario where the $98 resistance refuses to give way. According to the market analyst, the price of Solana could experience a pullback to the $88 pivot point  — or even to as low as the channel floor at $78 — if the resistance continues to hold strong.

In any case, the general market condition would need to improve if the altcoin is to enjoy sustained upside, especially given how sensitive financial markets have been to broader market dynamics in 2026.

Solana Price At A Glance

As of this writing, the price of SOL stands at around $89.33, reflecting an over 3% decline in the past 24 hours.

Solana price

This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now

This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now

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Ethereum (ETH) has now erased nearly all of the gains it posted earlier this month after facing renewed selling pressure across the market.

Its latest weekly sell signal has also raised concerns that another sharp corrective phase, similar to previous declines, could be developing.

Three Major ETH Downside Targets

Crypto analyst Ali Martinez flagged that a new weekly TD Sequential sell signal has appeared for Ethereum. The indicator has accurately predicted several major ETH moves over the past year, such as buy signals on April 14 and June 16, 2025, which were followed by rallies of 87% and 134%, respectively. Martinez also pointed to a sell signal on August 25, 2025, that “accurately timed” a 63% correction.

According to the analyst, if selling pressure increases, Ethereum could decline toward short-term support at $1,900, followed by mid-term and long-term downside targets at $1,565 and $1,090. He added that the $1,071 level, located near the bottom of a broader channel, appears to be a strong potential buying zone for Ethereum.

Santiment reported that Ethereum recorded its highest network realized profits in three weeks, as traders realized nearly $74.58 million in profits despite ETH’s correction. According to the on-chain analytics platform, the spike in realized profits was largely driven by holders who accumulated Ethereum earlier this year at much lower prices and are still selling at a profit during the recent decline.

The firm noted that ETH traded below the $2,000 level for much of February and March, a period when some traders continued accumulating despite broader market uncertainty and geopolitical concerns. Many of those wallets remain in profit even after the recent pullback and are now taking gains. The platform also highlighted increased on-chain transaction activity and price compression near the $2,240 level on four-hour charts, suggesting high distribution activity.

Higher transaction volume can lead to larger realized profit totals across the network, even when individual gains remain relatively modest.

Four Straight Days of Withdrawals

At the same time, US spot Ethereum ETFs have continued to see capital leaving the market over the past several days. Data compiled by SoSoValue revealed that these investment vehicles recorded four consecutive days of outflows this week. The funds saw $17 million in outflows on May 11, followed by a sharp $130.6 million withdrawal on May 12, which was the largest daily outflow level since March.

Outflows continued with $36.3 million on May 13 and another $5.65 million on May 14.

The post This Indicator Correctly Called Major Ethereum Moves – Here’s What It’s Flashing Now appeared first on CryptoPotato.

Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way?

Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way?

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Over the past week, Cardano’s ADA has surged 6%, making it one of the best-performing top-15 cryptocurrencies.

Numerous analysts have recently spotted that the asset has been following a similar pattern witnessed during previous bull cycles, suggesting this could be just the beginning of a major rally.

‘Printing by the Plan’

Earlier this month, ADA came close to reclaiming the $0.30 mark, reaching its highest level since mid-March. It currently trades around $0.27, while its market capitalization remains above $10 billion.

The asset is often among the most talked-about cryptocurrencies and becomes the subject of price predictions. One popular analyst who recently touched upon the matter is JAVON MARKS. The X user claimed that ADA continues to maintain a similar structure to that observed in 2021 and shows “signs of strength.”  They set a target of $2.91, meaning that the price could be gearing up for a whopping 10x pump.

Prior to that, Sssebi opined that ADA had been consolidating over the past few months, as it did towards the end of 2024, which was later followed by a price increase above $1.30. That said, the analyst believes a surge above $1 is still in play this year.

For their part, Vuori Trading argued that ADA is still “printing by the plan” and sits in a “strong buy level.” The analyst envisioned a staggering jump to as high as $14, occurring sometime between Q3 2027 and Q1 2028.

Ali Martinez has also given his two cents lately. He emphasized the importance of the $0.25 support zone, noting that it has repeatedly acted as a major inflection point for the token.

For instance, in January 2023, ADA bounced off $0.25, resulting in an 88.27% jump over the following weeks. In September that year, this level again served as firm support, sparking a 243% surge.

More Bullish Signals

ADA’s Relative Strength Index (RSI) also supports the bullish case for further price increases. The ratio of the technical analysis tool has plunged to 22, indicating the asset has entered oversold territory and could be gearing up for a move north.

ADA RSI
ADA RSI, Source: RSI Hunter

The RSI measures the speed and magnitude of recent price changes and provides traders with vital information about potential price reversal points. It runs from 0 to 100, and conversely, anything above 70 is interpreted as a warning for an impending pullback.

The post Top Cardano (ADA) Price Predictions as of Late: 10x Explosion on the Way? appeared first on CryptoPotato.

Bitcoin Miners Bag Profit: 3,400 BTC Flow Out Of Reserves Since April

Bitcoin Miners Bag Profit: 3,400 BTC Flow Out Of Reserves Since April

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The price of Bitcoin has been relatively stable since the start of April, showing strong efforts to reclaim former highs. In its latest recovery attempt, the premier cryptocurrency finally returned above $80,000 for the first time since early February.

Unsurprisingly, a relevant group of network participants, known as Bitcoin miners, appears to be taking advantage of the steady rise in BTC’s value over the past few weeks. Interestingly, a continuation of this profit-taking trend could pose an obstacle to the market leader’s recovery.

Miners’ Profit-Taking Could Halt BTC’s Recovery

In a May 8th post on the X platform, crypto analyst Ali Martinez shared that Bitcoin miners’ behavior has shifted in recent weeks. The latest on-chain data shows that this group of network participants has been booking profits, as the price of BTC steadily climbed to a local high.

Highlighting changes in the Miner Reserves metric, which measures the total Bitcoin held in miner-affiliated addresses, Martinez revealed that about 3,400 BTC have been sent from addresses associated with network validators since April 7. Interestingly, this period has coincided with the coin’s price rising from $72,000 to around $82,790, further supporting the profit-taking hypothesis.

The analyst wrote on X:

Back then, Bitcoin was trading near $72,000. Through the recent climb toward yesterday’s peak of $82,790, which represents a 15% price increase, miners have been steadily booking profits. On-chain data shows that miners have offloaded approximately 3,400 $BTC during this run, taking advantage of the recent price expansion to cover operational costs or lock in gains at multi-month highs.

Bitcoin

Typically, falling Miner Reserves indicate that miners are distributing their coin to take profit, often to cover costs. As seen with several firms pivoting toward AI data centers, the profitability of the Bitcoin mining industry has been under significant pressure over the past few years. 

More pertinently, the latest profit-taking and selling pressure can pose a threat to the ongoing recovery in Bitcoin’s price. The flagship cryptocurrency, which appears to have slowed down over the past day, would need uninterrupted bullish momentum to continue its current upside rally.

Bitcoin Price At A Glance

As of this writing, the price of BTC stands at around $80,287, reflecting a mere 0.8% leap in the past 24 hours. Meanwhile, the market leader’s value has risen about 3% over the past seven days.

Bitcoin

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