#MarketRebound : Crypto Chart Insights
$BTC – Breakout Incoming?
Bitcoin closed July around $115.8K – the highest monthly close ever – flipping the $115K zone into support. It’s now trading in a bullish channel, holding above roughly $117K support and eyeing resistance near ~$121–$122K. A clean break above ~$122K could spark a rally toward the $124K–$130K range in August.
$ETH – Key Support at $3.6K
Ethereum has held its critical ~$3.6K support (around $3,587). As long as this level holds, the medium-term uptrend remains intact. The next upside target lies around $4,000, with major resistance sitting near the $4,100–$4,500 zone above.
$XRP – Support Bounce Forms
Ripple’s XRP recently dipped toward ~$2.80 but found support in the $2.79–$2.95 zone. Indicators like a bullish RSI divergence and a falling-wedge pattern suggest the downtrend is losing momentum. A decisive break above ~$3.07 (the wedge’s top line) could fuel a ~20% rally back toward the ~$3.60–$3.65 July highs.
$ADA – Resistance at $0.73
Cardano is approaching a key resistance at about $0.726. A clean breakout above ~$0.73 may trigger a short-term rally toward ~$0.74. However, if selling pressure re-emerges, traders will watch the lower $0.65 area as critical support.
Market & Altcoin Summary
The broader crypto market cap has climbed above ~$3.8–$3.9 trillion. Bitcoin’s dominance has eased (~61% now), while altcoins are seeing outsized gains. For example, Solana and Cardano have rallied roughly +70% and +300% (quarterly), respectively, as Ethereum’s ecosystem expands. Rising ETF inflows and on-chain activity are fueling this breadth – early signs of a broad altcoin uptrend even as BTC leads the charge.
