According to the current liquidation map, the market is still predominantly bullish. Based on the current Bitcoin price around $12,000, if the market fluctuates up and down by $2,000 and rises again to around $12,200, it is expected that approximately $1.7 billion in shorts may be liquidated. Conversely, if the market drops to around $11,800, about $1.2 billion in longs could be liquidated; there has been no inflow or outflow of funds in Bitcoin spot ETFs yesterday, while Ethereum ETF saw an inflow of $108 million.
In terms of the overall market direction, the daily chart continues to oscillate sideways. Currently, both the 4H and daily levels are still in a consolidation area, and Ethereum is also entering a phase of consolidation. Whether there will be another independent rally later depends on further observation, so we still focus on short-term and swing trading.
As for whether the altcoins can continue to rebound, it still depends on Ethereum's performance later. Personally, I believe that as the end of the month approaches, it’s important to pay attention to when the market can break out of the high-level consolidation.
Spotting 3 altcoins poised for a 10x increase!
1. XRP
Ripple's XRP further solidified its position as a crucial link between traditional banking systems and blockchain transactions. XRP recently set a new all-time high, surpassing the $3.40 peak from March 2018, reaching a new record of $3.65 on July 18.
XRP is currently trading at $3.51, down 3.6% since then, despite bullish hopes of setting a new high.
Thanks to nearly instant global transfers and extremely low transaction costs, XRP has gained strong institutional support. Even the United Nations recognizes its ability to facilitate cross-border payments without traditional banking intermediaries.
After a long legal dispute, Ripple achieved a significant victory in 2023, with a U.S. court ruling that its retail token sales do not constitute securities trading. By 2025, the U.S. Securities and Exchange Commission officially dismissed Ripple's lawsuit, ending years of legal uncertainty and solidifying Ripple's regulatory status similar to major altcoins.
This legal resolution has reignited investor confidence, driving XRP to rise over 473.3% in just the past year, far exceeding Bitcoin's 76.5% increase during the same period.
Its RSI is currently at a high of 83, having soared to 86 yesterday. This indicates that Bitcoin has entered an overbought state. Bitcoin has surged 53% in just two weeks, outperforming Bitcoin again, with many investors taking profits.
Overnight, the price of XRP fell by 0.6%, possibly indicating a pullback. If a pullback occurs, XRP is expected to find solid support near the previous resistance level of $3.30.
Earlier in 2025, a bullish flag pattern appeared—typically precedes significant price increases—indicating that XRP may reach a target of $4 in the fall.
2. SOL
Solana ($SOL) has earned an excellent reputation in decentralized finance due to its lightning-fast speed, ultra-low transaction costs, and robust smart contract capabilities. According to DeFiLlama data, its market cap currently exceeds $107 billion, with a total value locked (TVL) of about $10.5 billion.
Speculation regarding Solana potentially receiving spot ETF approval is increasing, similar to the approvals received by Bitcoin and Ethereum. Such developments could attract large amounts of institutional capital, solidifying Solana's position as a viable alternative to Ethereum.
U.S. President Donald Trump recently proposed including Solana in a potential U.S. cryptocurrency reserve, where the government would store seized Solana assets obtained through law enforcement actions, adding momentum to its narrative.
In terms of price, Solana has rebounded from a low of $100 in April after reaching $250 in February, currently trading at $200, up 8% last week. Although its RSI indicates it is in overbought territory at 82, it has solid support at current levels, allowing room for consolidation and potential future increases.
Despite geopolitical headwinds in the short term, this consolidation phase has solidified Solana's market foundation. Resistance remains around $200 and $250, and if it can break through this resistance, SOL may break the historical high of $293.31 and is expected to exceed the $300 mark in the fall.
3. PEPE
In just two years, Pepe ($PEPE) has soared to the top three of meme coins, solidifying its position in the top three in this space due to cultural resonance and strong market performance.
Inspired by Matt Furie's iconic frog character, $PEPE has brought substantial returns to early adopters, with a market cap now exceeding $5.8 billion.
Since its launch in April 2023, Pepe has sparked a wave of imitation, but none could compare. When the CEO of X and a fervent user, Elon Musk, briefly changed his profile picture to a Pepe-themed photo, Pepe's popularity surged further.
Currently, the price of PEPE is approximately $0.00001387, having risen 38% over the past 7 days and 53% over the past month, although its trading price is still about 50.44% lower than the peak of $0.00002803 at the end of 2024. In Q1 of this year, PEPE formed a descending wedge pattern, which typically signals an imminent breakout.
Currently, its RSI is at 68, with bullish momentum still strong, although it is nearing the overbought zone at 70, where assets often face selling pressure.
However, with global politics becoming more stable, Pepe is sure to rise significantly again before the end of summer.
Brothers, come gather in the chat room: