August did not start well for the cryptocurrency market. After a relatively strong July, the broader market cap suffered, with most altcoins declining. Ethereum's price fell by 9.5% month-over-month, XRP's price fell by 9.1%, while Dogecoin topped the list of the ten biggest losers with a decline of 19.1%. Traders returned to a state of alert, wondering if another crash was imminent.
But not all altcoins appear weak. Despite a rocky start, some coins show resilience and strength, maintaining their positions near or approaching their all-time highs. Supported by the strength of their digital chains and narrative momentum, here are three cryptocurrencies that may reach their all-time highs in August.
BNB (BNB)
Among the largest altcoins by market cap, BNB currently holds one of the strongest technical positions. It is now only 12.3% lower than its all-time high.
What distinguishes BNB is its slight tendency to decline throughout 2025. It has never dropped more than 30% from its all-time high, according to annual decline data. This ongoing resilience is a rare achievement in a market known for its volatility.
Investor confidence has been bolstered by the real-world utilities across the Binance ecosystem, with the recent 11% monthly growth in DeFi activity on the BNB chain enhancing its on-chain momentum.
BNB is currently trading at around $753, hovering just above $731, a key support area derived from the Fibonacci correction from the June low of $601 and the recent peak near $809.
BNB Price Analysis - The Best Altcoins
If it holds at $731, the next major resistance is at $762, where BNB previously consolidated before its recent breakout.
A clear move above the $762 level opens the door for a retest of the $800-809 area.
Note: There is no strong technical resistance level between $800 and $861, which strengthens the case for BNB to achieve a new all-time high if it breaks $800 again.
With strong structural support, limited historical drawdowns, and steadily increasing DeFi usage, BNB is a prime candidate among altcoins to reach a new all-time high this month, provided the broader market remains stable.
HYPE (Super Liquid)
Hyperliquid is quickly emerging as a strong competitor in the decentralized finance derivatives space. With a total value locked (TVL) exceeding $2.06 billion, it currently outpaces major platforms like dYdX, which has a TVL of about $263 million. The protocol has also made it to the list of the top 10 decentralized finance systems by TVL.
In terms of recent performance, HYPE has fallen slightly over 24% from its all-time high of $49.92, reached a few weeks ago.
However, its gains over the past three months remain impressive at 86.8%, indicating that the broader upward trend is still intact despite a 15.3% decline over the past seven days.
HYPE Price Analysis for the Best Altcoins
One of the key technical indicators for reaching a new all-time high comes from the Bull and Bear Power (BBP) indicator. At the time of this report, the BBP indicator shows the same pattern before the price spiked more than 60% from around $30 to nearly $50.
The current pattern mimics this behavior, with the BBP indicator showing similar bearish exhaustion. If this scenario repeats, a sharp reversal cannot be ruled out.
On the price level, HYPE is experiencing stabilization just below the Fibonacci correction level of 0.618, set at $38. This area is being closely monitored, as a breakout could lead to a price rise to $42, potentially returning to its previous highs.
It is noted that the $35 level also represents strong psychological and structural support. It is worth mentioning that it was the basis for the recent breakout.
TRON (TRX)
TRON has remained among the few altcoins that have shown resilience against recent market fluctuations. It recorded a steady gain of 2.4% over the past week, amidst a decline in most large market cap assets.
In a broader trend, its price has risen by more than 17% over the past month. It is now only 23.82% lower than its all-time high of $0.43, which it reached eight months ago.
What supports the bullish TRX hypothesis is a surprising fractal in late 2024. This fractal closely resembles the ones formed before its previous major rise, a series of price increases.
The price has doubled since the peak fractal of 2024, surpassing the peak of $0.40. Today, a similar fractal is forming again.
Even in the final phase, the rise from $0.25 to $0.33 was followed by a strong pullback to $0.30. Using a trend-based Fibonacci extension on the two-day chart, this correction appears typical, and the current structure places $0.34 as a major resistance level.
A clear breakout above this threshold could pave the way for a rise towards $0.42 (1.618 extension), potentially leading to a test or even a break of the previous all-time high.
