- Recent surge: #LINKš„š„š„ has spiked sharplyāover 113% from its yearly low, reaching around $22.46. This rally is supported by whale accumulation, declining exchange reserves, and protocol-level buybacks.
- Elliott Wave structure: Analysts suggest it's in a bullish third wave, with a breakout above the $17.85 neckline following a double-bottom around $10.95.
Potential upside targets:
- Short term: ~$25.51 (+15%)
- Medium term: $30ā$38, guided by wave projection and channel resistance.
2. Indicator & Moving Average Signals
- Bitget signals: On the daily chart, 18 indicators are bullish vs. 7 neutral, including 13 bullish moving averagesāimplying a Strong Buy sentiment.
- Investing.com reports consistent Strong Buy across multiple timeframes (hourly to monthly). RSI (~55.5), Stochastic (~72), MACD (~0.26) are bullish; ADX (~24.4) shows moderate trend strength.
- TipRanks outlook: Overall Buy rating. Mixed short-term signalsāsome MAs (like 10-day) are bearish, while longer-term averages (50-day, 100-day, 200-day) are bullish. RSI (~48.7) remains neutral.
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- #BTC rebounds to 10-day high near $118,500, signaling renewed market confidence after a geopolitical-driven dip to $112,000 earlier this month.
- #Chainlink surges 7% above $22, driven by whale activity, higher volumes, and a new reserve system, boosting broader crypto optimism.
- Total crypto market cap stabilizes above $4 trillion, with Bitcoin dominating 58.4% and #ETH hitting a $4,200 peak since late 2021.
- Analysts warn of ongoing risks from economic uncertainties and regulatory shifts, emphasizing the need to monitor on-chain activity and key resistance levels.
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- ETH has surged above $4,000, breaking a long-standing resistance and initiating a new bullish leg. Institutional demand, whale accumulation, and technical breakouts have all fueled this momentum.
- The $4,100 area remains a critical barrier. A sustained break above it could clear the path toward the $4,500 zone.
Analyst & Market Insights
- CoinPedia and Brave New Coin forecast that if current momentum holdsāespecially via short squeezes and institutional inflowāETH could climb to $4,500ā$4,750 in the near term.Brave New CoinCoinpedia Fintech News
- Binance and others suggest that a decisive close above $4,000 and breakout confirmation could lead ETH toward $4,500ā$5,000 in the coming weeks.
Technical Chart Outlook
- ETH has flipped the $3,900ā$4,100 zone from resistance into supportāa bullish structural shift.
- On-chain strength is rising: significant whale accumulation, rising staked supply, and upward-sloping moving averages support continuation.
Trend structure appears constructive, with momentum indicators showing bullish follow-through.
Bullish Momentum: The overwhelming "Strong Buy" signals across trading platforms suggest that ENA is in a sustained uptrend, with moving averages and volume dynamics supporting bullish conviction.
- Caution on Overbought Readings: ADX and Williams %R point to overbought conditionsāexercise caution in the short term, as minor retracement or consolidation could be in play.
Trade & Entry Strategy:
- For momentum traders: A break above ~$0.82 could confirm continuation toward the next resistance zones ($0.92, $1.00).
- For conservative entries: Waiting for a pullback to ~$0.65ā$0.66 (support zone), or deeper to ~$0.52 (if broader correction unfolds), could offer better risk-return setups.
Risk Management: Keep strict stop-loss discipline due to volatility. A move below $0.65 may signal weakening momentum and warrant reassessment.
Overall sentiment: Strong Buy across all timeframesāfrom intraday to monthlyāwith both moving averages (12 Buy vs. 0 Sell) and technical indicators (9 Buy vs. 0 Sell) aligning bullish.
Key metrics:
- RSI (14): ~72.6 ā Buy
- Stochastic: ~62.8 ā Buy
- ADX: ~40.4 ā Buy
- Williams %R: ~ā5.7 ā Overbought
- CCI (14): ~169 ā Buy
- ROC: ~3.96 ā Buy
All key moving averages (5-200 days, simple and exponential) show Buy signals.
- Support levels: ~$3,393 (short), ~$2,229 (mid), ~$2,407 (long)
4. Breakout Confirmation
- ETH broke out of a long-term symmetrical triangleāa classic bullish structureāmarking the start of a new uptrend toward prior all-time highs.
5. Momentum & Overview
- The rally stems from heavy short-liquidations and institutional inflows. Price surged above $4,000, registering its highest value since December 2021.
- ETF inflows are particularly strong, with $2.4 billion flowing into ETH-based ETFs in a single weekāsuperior to Bitcoinās ETF inflowsāand boosting bullish momentum.
However, Net Taker Volume shows sales dominance (~ā$418.8M), signaling heightened profit-taking and a possible short-term top.
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- Multiple overbought signals across RSI, Stochastic, CCI, Williams %R, Bollinger Bands suggesting strong upward momentum and potential for short-term pullback.
- Daily timeframe: Indicators shift to neutral, indicating moderation after reaching overbought levels.
- Across all timeframes (1 min up to monthly), the summary shows consistent Strong Buy signals for both moving averages and technical indicators.
Detailed indicators (as of August 9, 2025, 10:30 AM GMT):
- RSI(14): 74 ā Buy
- Stochastics: Buy
- MACD, ADX, CCI, ROC: also mostly Buy
- Multiple overbought signals (e.g., StochRSI, Williams %R, Ultimate Oscillator)
---------------------- I believe ---------------------------
- Current price (~$815) aligns with technicals showing overbought in short term but strong bullish momentum overall.
- Indicators support further upside, especially if BNB breaks above its all-time high (~$859ā$861). Support looms around $800 and $750 levels should price correct.
- ETH recently broke above the $4,000 level, marking fresh highs for 2025 and reinforcing its bullish trajectory.
On higher timeframes, the trend remains bullish, though short-term traders should watch for potential pullbacks.
2. Support & Resistance Levels
Immediate Resistance Zones:
- Around $3,950ā$4,000, now flipped to support after the breakout.
-Next significant resistance lies at $4,100, aligning with key Fibonacci extension levels. A sustained move above could pave the way toward higher targets.
Support Levels:
- Initial support zone near $3,900ā$4,000. A break below could lead to dip-buying opportunities.
- Broader structural support lies along an ascending trendline, which continues to define the bullish channel.
3. Technical Setup & Indicators
- The chart structure suggests a ācoiled springā formation, with higher highs forming and a clear path upward as long as support holds.
- Technical ratings remain skewed positively. On the daily timeframe, most indicators signal strong buyer momentum āmoving averages are heavily in āBuyā.
4. Macro & Market Drivers
- ETH continues to gain from favorable macro trends: regulatory clarity (e.g., Project Crypto, stablecoin regulation), growing dominance in DeFi, and strong ETF inflows are fueling its rally.
- Despite historical patterns of August weakness, 2025 has defied expectations with record daily transactions and soaring corporate and whale accumulation.
Price forecasts are multiplying:
- Short-term: Some models target $4,400, requiring patience for realization.
Long-term: Analysts point to average prices near $4,688 by year-end, with upside projections reaching $5,000+ ā even pushing as high as $6,000ā$8,000 in highly optimistic scenarios.
SOL has rebounded back above $175, indicating renewed bullish strength and prompting expectations for higher highs. (CCN.com)
- Chaikin Money Flow (CMF) is positive (~$0.19), pointing to buying pressure, while the Awesome Oscillator (AO) has turned positiveāboth reinforcing bullish momentum. (CCN.com)
2. Trend Structure
- Price now trades within an ascending channel, reflecting consistent higher highs and higher lows. As long as SOL remains within this channel, the bullish bias stays intact. CCN.com
The Relative Strength Index (RSI) broke above its resistance trendlineāclosing above the neutral 50 levelāfurther supporting the upward outlook. CCN.com
3. Key Levels
Resistance Zones: Watch for breakouts above $181ā$182, then toward $193ā$194. A full breakout of the channel could catapult SOL to the $219 Fibonacci target, with upside toward $252 per technical projections. CCN.com
Support Levels: Immediate support is around $175ā$176. If breached, downside risk could target $161ā$162, which lies near the channel's lower boundary. CCN.com
4. Fundamentals & Institutional Activity
- SOL is benefiting from strong whale accumulation and ETF inflows (~$137M), coupled with a 3-year high in Total Value Locked (TVL)āall supporting a bullish backdrop and potential breakout past $200. CoinCentral
Large institutional players are stacking SOL too. Over 3.5 million SOL (worth ~$591 million) is now held by publicly listed companies, signifying growing institutional conviction. #solanAnalysis Follow for daily updates, you won't regret.
š Solana (SOL) continues to dominate the altcoin scene this month, rising steadily with growing investor confidence. Trading at around $168, SOL has gained over 19% in the past two weeks, positioning itself as one of the strongest performers among top cryptocurrencies.
ā” Why Solana Is Trending
Solanaās appeal lies in its blazing-fast transaction speed, low fees, and rapidly expanding ecosystem. With increasing activity in DeFi, NFTs, and real-world applications, developers are flocking to Solana for its scalability and performance.
Whatās fueling the current momentum?
ā New DeFi protocols launching on the network
ā Rising developer activity and TVL (Total Value Locked)
ā Strong investor interest as a top Ethereum alternative
ā Growing institutional attention in Layer-1 ecosystems š Whatās Next? Analysts believe that SOL could test the $180ā$200 resistance levels soon if this uptrend continues. With the broader crypto market leaning bullish and altcoins gaining strength, Solana could play a central role in the next leg of the rally.
Whether you're a long-term holder or a short-term trader, Solana remains one of the key altcoins to watch this August.
Just came across another wild updateāElon is hinting at deeper crypto integration on X (formerly Twitter), and yep⦠$DOGE is back in the spotlight! š¶šø
No official confirmation yet, but his cryptic tweets and emojis have already got the market buzzing. Could this finally lead to real-world Dogecoin payments on the platform? Or maybe even some new Musk-linked token? š
One thingās for sure ā with Elon in the game, anything can happen in crypto!
- SBI Holdings has filed for a dual-asset crypto ETF offering direct exposure to Bitcoin and XRP, marking a potential first for Japan's financial markets.
- The 'Crypto-Assets ETF' aims to provide a single-entry point for investors by tracking the performance of both Bitcoin and XRP simultaneously.
- A second product, the Digital Gold Crypto ETF, combines gold ETFs with gold-backed cryptocurrencies to appeal to risk-sensitive investors.
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