Last week marked one of the most exciting moments in the crypto market in recent months. A series of major coins recorded impressive increases, breaking or approaching important resistance levels. Ethereum is nearing its historical peak after four years of waiting, Solana continuously challenges the 200 USD mark, while Cardano surges strongly above 1 USD. Even names that are stalling like XRP still maintain important supports, opening up the potential for recovery as capital flows rotate back.
Not only limited to large-cap coins, projects like HYPE also show strength as they approach the 50 USD peak with strong upward momentum. The overall market shows clear differentiation: buyers are controlling many coins, while others are temporarily entering a consolidation phase to prepare for the next breakouts.
Ethereum (ETH) – Ready to explode past historical peaks.
For the first time in four years, Ethereum (ETH) is nearing its all-time high (ATH) at 4,868 USD, just about 4% away at the time of writing. The strong momentum has helped ETH soar 19% in just one week, bringing market sentiment to a high level of excitement.
If successfully breaking through the 4,900 – 5,000 USD area and turning it into a solid support zone, ETH will officially enter the price discovery phase – where all scenarios are possible. At that point, the battle between bulls and bears will become fierce, leading to violent fluctuations in the market.
With the current strength, Ethereum seems determined to break past its old record to establish entirely new price levels. Short-term targets may aim for 6,000 USD and then 7,000 USD. Further, if the upward momentum is maintained, ETH could potentially reach 9,000 USD or even 10,000 USD in this cycle.
XRP – Pausing at the 3.2 USD level, buyers take a temporary 'break'.
This week, XRP continues to be halted below the 3.2 USD resistance level and recorded a 6% decrease, contrasting with the green of most other altcoins that are recovering strongly.
The main reason could be that XRP has experienced a significant price increase in July, causing current buying strength to weaken. Many investors seem to be temporarily leaving XRP to seek more attractive opportunities in other ecosystems like Ethereum or Cardano.
In the short term, as long as XRP remains above the 3 USD support zone, this asset still has a chance to recover as capital flows back from hot altcoins. However, for now, the prevailing trend is sideways with the possibility of price continuing to fluctuate around the 3 USD mark to accumulate before making a new move.
Cardano (ADA) – A 20% increase reignites excitement.
ADA had an explosive week by surpassing the 0.9 USD resistance level and quickly reaching the 1 USD mark before a slight correction. An impressive 20% increase in the week has ignited excitement within the ADA community, reinforcing confidence in the potential for the next breakout.
For now, the buyers' goal is to reclaim the 1 USD mark and turn it into a solid support level. If successful, ADA could extend its uptrend in the second half of 2025, aiming for the next target of 1.3 USD.
With the current momentum, ADA is in the midst of a strong uptrend. If buying strength remains positive, the price could surpass 1.3 USD before the end of the year and move towards 1.5 USD. At that point, Cardano will enter a new growth phase with many attractive opportunities for investors.
Solana (SOL) – Approaching 200 USD, a breakout is only a matter of time.
Good news for Solana investors as the price is gradually approaching the 200 USD threshold. Over the past week, buyers have attempted twice to keep the price above this level but were rejected each time. However, each attempt brings SOL closer to making 200 USD a solid support zone.
This week, SOL ended with a 13% increase, maintaining a bullish pattern with higher highs and higher lows – a positive technical signal. If this momentum is not interrupted, a breakout above 200 USD seems to be just a matter of time.
Looking ahead, 186 USD serves as an important support zone if selling pressure returns, while the main resistance levels are 200 USD and 227 USD. Breaking through both of these levels will pave the way for Solana to enter a stronger growth phase.
HYPE – Approaching the historical peak, preparing for a new breakout.
HYPE just experienced an explosive week with a 21% increase, bringing the price back close to the all-time high of 50 USD. At the time of writing, HYPE is trading at 48.9 USD, just a small distance from the peak. If the upward momentum continues, this will be the first time this coin surpasses the 50 USD mark.
This strong reversal occurs right after a prolonged correction phase at the end of July, indicating that buyers have patiently waited for the right moment to return to the market. Now, buying pressure is rising and the clear goal is to take HYPE to new price levels in the coming months.
If HYPE can turn 50 USD into a solid support level, this coin will enter a price discovery phase – similar to how Ethereum is doing at the 5,000 USD mark. At that point, the next targets will be 54 USD, 60 USD, and 66 USD respectively. What needs to be avoided now is the return of selling pressure, breaking the excitement that is overwhelming the HYPE market.
