Trump has finally decided to pump the market. He posted some interesting information on his Truth Social account.
President Trump announces strategic reserve of cryptocurrencies including XRP, SOL and ADA.
“ The U.S. Cryptocurrency Reserve will take this critical industry to the next level after years of corruption under the Biden administration. That’s why my Executive Order on Digital Assets tasked the Presidential Task Force to create a Strategic Cryptocurrency Reserve that will include XRP, SOL, and ADA. I will ensure that the U.S. becomes the crypto capital of the world. We will Make America Great Again! ”
🔵 Cardano founder Charles Hoskinson said he didn't know President Trump would include $ADA in his proposed crypto reserve until the day it was announced.
🔸 If the ADA price exceeds $0.98, the amount of liquidations on Cardano short positions could exceed $50 million.
Friends, if you're feeling down because of a dip in your portfolio, keep in mind — Trump is also sitting in the red.
Trump’s portfolio is currently down by $124 million!
He’s riding out this drawdown right alongside us. This man clearly didn’t pick his coins randomly — I believe he knows very well that there’s light at the end of the tunnel and the long-awaited altcoin rally is coming.
Shiba Inu (SHIB) token was trading at $0.000013 on Thursday, down from this month’s high of $0.00001600. It remains about 32% above its lowest point this month.
🔸 Shiba Inu whales are accumulating
Nansen data shows that whales have continued to accumulate the #SHIB token in recent months, a sign they expect it to keep rising. These whales hold over 109.69 billion tokens, up sharply from this month’s low of 105 billion. Whale accumulation is usually a signal that investors anticipate a price rebound.
Most importantly, the ongoing whale buying has come at a time when the supply of SHIB coins on exchanges has been in freefall. There are now 277.37 trillion tokens on centralized and decentralized exchanges, down from 283 trillion earlier this month.
Exchange balances fall when investors move their tokens to self-custody, typically expecting a price recovery. Historically, most tokens surge when exchange outflows are in an upward trajectory.
The other catalyst for SHIB price is that Ethereum is on the cusp of jumping to $4,000. It has jumped by 175% from its lowest level this year, and its technicals and ETF inflows point to more gains. SHIB price does well when Ethereum is rising.
Still, SHIB price faces potential risks. For example, Shibarium, its layer-2 network, is no longer growing. It holds just $2.47 million in total assets, down 1% in the last 30 days. This is notable since most chains added assets in July, with combined TVL rising to $282 billion.
Another potential risk for Shiba Inu price is that futures open interest has dropped in recent weeks.
Technicals suggest that SHIB price is on the cusp of a strong rebound amid whale accumulation. It has formed a cup-and-handle pattern, whose upper side is at $0.00001600 and the lower side is at $0.000010. This lower side also coincides with the double bottom, whose neckline is at $0.00001760.
The ongoing pullback is part of the handle section of the cup-and-handle pattern.
🇦🇪 Good News for Bitcoin (BTC) and This Altcoin from the United Arab Emirates (UAE)! "A First!"
As the Bitcoin and altcoin treasury strategy continues to expand around the world, news also came from the United Arab Emirates.
Accordingly, the company announced that it has established a $150 million crypto treasury consisting of 514 Bitcoin (BTC) and 630,000 Solana (SOL), the first reserve in Abu Dhabi.
Abu Dhabi-based Bitcoin mining company Phoenix Group has launched a $150 million strategic cryptocurrency reserve, becoming the first public company to establish a digital asset treasury on the Abu Dhabi Securities Exchange (ADX).
The company described this move as a reflection of its confidence in the long-term value of the blockchain networks that support these assets.
Munaf Ali, co-founder and CEO of Phoenix Group, emphasized that holding digital assets like Bitcoin and Solana is not only about market visibility but also about adapting to the evolving financial landscape.
“Phoenix has always been much more than a mining company. We are a faith-driven digital infrastructure group.“Holding Bitcoin and other strategic digital assets isn't just about visibility. It's about compliance. We believe in the long-term value these networks represent, and our treasury strategy reflects that belief.”
⚡️ Bitcoin Holds $119,887 as Moving Averages Support Price Stability
Bitcoin is trading near $119,887 as technical indicators confirm a sustained uptrend supported by strong moving average alignment. The daily Coinbase chart shows BTC holding above key support levels marked by exponential moving averages. Caleb Franzen’s commentary affirms market sentiment remains bullish as support builds while resistance levels are cleared.
💬 Resistance on the way down.Support on the way up. We're on the way up — Caleb Franzen / July 30, 2025
🔸 Price Structure Shows Clear Uptrend
#BTC continues to follow a strong upward channel since late April, with minimal breakdowns from moving average bands. The chart presents three key EMAs blue, red, and green that serve as dynamic support.
Current values for the EMAs stand at $117,800, $116,107, and $114,933, showing tight confluence beneath current price levels. Price candles continue to close above the blue EMA, often a bullish signal that reflects momentum preservation.
Despite intermittent pullbacks, Bitcoin’s candles remain above all three support lines. This aligns with Franzen’s statement: “Support on the way up,” shared via X on July 30, 2025. He also noted: “Resistance on the way down,” implying past resistance zones are turning into price support during the rally.
The volume shown on the chart is steady, with daily bars confirming consistent interest without extreme spikes. This suggests sustainable upward action rather than short-term volatility.
🔸 Moving Averages Define Momentum Zones
The stacked EMAs create a price floor that buyers have defended throughout the last 90 days of action. Price corrections have regularly bounced off the lower band—now near $114,933—without closing beneath it.
Since early May, this setup has persisted, forming higher lows and higher highs. The structure is reinforced with clean follow-through, even during sideways movement in June and early July.
The slope of all three moving averages remains upward, confirming trend health.
🟣 Solana Dominance Steadies at 2.56% While Price Consolidates Near $178 Support
Solana’s market dominance has rebounded from the 2.1%–2.4% demand block after several months of testing this zone. Current dominance stands at 2.56%, reflecting a recent recovery from lower levels. This movement occurs as Solana’s price trades at $179.18, recording a 2.89% decline in the last 24 hours. Despite the pullback, dominance trends show potential strength if the 3% threshold is reclaimed, which previously acted as a pivotal level.
The connection between dominance and price remains notable. Solana’s market cap now sits at $96.42 billion after a 3.03% daily decline, while 24-hour trading volume has dropped by 22.93% to $5.05 billion. This volume decrease follows a broader market slowdown, but Solana’s ability to hold near critical dominance levels introduces an important technical observation.
🔸 Key Support and Resistance Levels in Focus
Support remains concentrated near $178.77, a level that has been tested repeatedly in recent sessions. The proximity of this support to current price levels creates a tightly defined range for traders. Resistance is currently positioned at $184.70, establishing the upper boundary Solana must surpass to regain stronger upside momentum.
Notably, the demand zone for dominance between 2.1% and 2.4% continues to act as a foundation. This range has contained multiple retests since early 2025. A sustained rebound from this zone could position Solana to test the 3% dominance mark, which has historically preceded extended moves.
The correlation between dominance and price further aligns with these levels. While price has softened, dominance remains stable, suggesting the market is holding relative strength in this metric despite declining spot prices.
🚀 $XRP Price To Climb 44% To $4.804 As Long As This Level Holds
The XRP price is gaining traction once again as bullish signals strengthen across the charts. Following a decisive move above a critical support level, the cryptocurrency is now positioned for a potential upward move. A new technical analysis suggests that XRP could climb over 44%, targeting $4.804 in the near term—but only if the support level remains intact.
Despite experiencing a pullback these past few days, the XRP price continues to show strong bullish momentum as it aims for new highs. In a recent analysis on X social media, crypto market expert Javon Marks forecasted that XRP may be on the brink of a significant price breakout.
According to his price chart, the cryptocurrency is trading significantly above $2.47, a level that has been confirmed as a key support zone. Marks’ chart shows that this support level was previously a resistance and now serves as a foundation for the next potential leg higher.
The expert’s analysis indicates that as long as XRP continues to hold above the support level, the next upward target remains firmly set at $4.804. This level represents a 44% price increase from its current price of $3.12. Notably, the technical setup presented by the analyst includes a consistent trend of higher lows, reinforcing the potential for a larger breakout to unfold.
Mark’s chart also outlines an extended target beyond $4.804. If XRP manages to reach and break above this initial level, the analyst projects a potential surge toward $7.138, reflecting an impressive 128.7% increase from current prices. Notably, a possible move above $4 would already mark a new all-time high for the third-largest cryptocurrency—but breaking past $7 would represent a historic rally, indicating a strong continuation of the current bullish sequence.
📊 $ICP Slips 5% as Key Support Levels Buckle Under Selling Pressure
Internet Computer Protocol’s native token ICP declined 4.77% over the past 24 hours, slipping from $5.66 to $5.39 as sellers overwhelmed buyers during a period of intensified downward pressure.
The asset traded within a $0.33 range between $5.68 and $5.35, reflecting 5.3% volatility, technical analysis data model.
The most decisive breakdown occurred between the early European morning and mid-afternoon on Tuesday, when the token breached the crucial $5.55 support level amid a surge of volume to 647,663 contracts, well above the daily average of 356,394.
Despite a brief stabilization phase near $5.38 toward the end of the window, recovery momentum failed to materialize. From 07:06 to 08:05 on July 30, ICP pulled back 0.92%, falling from $5.44 to $5.39 in choppy trade. Repeated tests of the $5.38 support level occurred during the 07:40–07:55 window, highlighting ongoing bearish control over short-term price action.
ICP’s weakness comes even as the DFINITY Foundation advances ecosystem development. The launch of Internet Computer 2.0, which introduces tools for creating applications using natural language prompts without coding experience, reflects the network’s continued push toward usability and developer accessibility.
However, these long-term innovations have yet to translate into sustained bullish price action.
Technical Analysis Highlights
🔸 Price declined 4.77% from $5.66 to $5.39 between July 29 at 09:00 and July 30 at 08:00 UTC.
🔸 Trading range spanned $0.33 (5.3%) from high of $5.68 to low of $5.35.
🔸 Major breakdown occurred at $5.55 with volume surging to 647,663 contracts.
🔸 Support at $5.38 tested multiple times during early July 30 trading window.
🔸 Resistance formed at $5.44 amid declining volume and fading upward momentum.
🔸 Consolidation range observed between $5.38 and $5.44 as price action flattened.
🧱 In the zone of $119,000 – $120,000 there are large sell orders concentrated. Breaking through this level will not be easy as a strong resistance wall has formed here.
📣 Analyst Predicts Potential Dogecoin Price Rally as it Breaks Key Resistance Levels
The Dogecoin price climbed above the $0.22 level this week, breaking out of a consolidation range since mid-2022.
In a post on X, trader Kamran Asghar identified a repeating setup that previously led to significant price increases. Notably, the chart highlights a double bottom pattern, a structure often viewed as a bullish signal when confirmed with a breakout.
A chart posted by the analyst includes three blue zones, each representing periods of accumulation. These periods are marked by relatively flat price movements, followed by strong upward breakouts once the asset clears resistance levels.
That breakout eventually led to Dogecoin’s all-time high of $0.7316. Meanwhile, from 2022 to 2025, the current consolidation has held within $0.055 to $0.22. The recent move above $0.22 is now seen as a potential early-stage breakout.
Dogecoin is trading at $0.2216, a 4.1% decrease in the past day, increasing the weekly loss to 15.4%. However, the memecoin still maintains a 34% surge in the past month, coinciding with the broader market move.
🔸 Analyst Predicts 226% Dogecoin Price Surge
According to a similar chart by trader Javon Marks, Dogecoin price may be preparing for a significant price move. The analysis highlights a recurring pattern of accumulation followed by breakout phases, similar to previous bull runs.
Marks points to a current breakout zone near $0.22, aligning with historical structures that preceded steep price increases. He projects a potential 226% rise from this level to retest the all-time high of $0.73905. The chart also outlines extended targets at $1.42 and $2.11, representing gains of over 830% from the current price range.
Other analysts remain bullish. According to Jireon, Dogecoin price has broken out of a double bottom pattern, with the neckline at $0.231 confirmed by a $4 billion volume spike. Jonathan Carter also noted a successful retest of the breakout level and a bounce from the 200-day moving average.
🪙 $XRP out of Billionaire Club: Bull Run Getting Canceled?
As on-chain metrics start to show red flags, XRP's recent surge may be waning. The XRP Ledger's decline in daily payment volume, which has now dropped below $1 billion, is the most obvious warning sign. In sharp contrast to the steady multi-billion peak prices over the previous three weeks, the volume of XRP payments reached about 986 million as of July 28.
🔸 Activity wearing thin
This indicator shows how much #XRP is being transferred between accounts and indicates a decline in institutional engagement and overall user activity when it falls off significantly. In summary: less momentum, less interest and less money in motion. Technically, things do not appear to be looking good either. After recently reaching a high of $3.70, the price of XRP is currently trading at about $3.16.
The parabolic run has slowed, and the price stagnation is accompanied by a descending volume pattern that points to a classic case of exhaustion. RSI indicators remain in overheated territory, and if new demand does not emerge.
🔸 Potential cause
Despite a few exceptions such as Ethereum and Solana, which continue to attract significant inflows, this decline in activity coincides with a general slowdown in interest in altcoins. The decline in payments volume for XRP is more likely due to deteriorating fundamentals as much as price.
The assets placed in the current cycle become more precarious if it is unable to sustain interest from high-volume traders. Even worse, the total volume of trading on the cryptocurrency market is starting to drop, which suggests that money is either pulling out of altcoins or sitting on the sidelines.
XRP needs to re-attract network activity and liquidity at scale in order to prevent deeper retracements; otherwise, the recent bull run runs the risk of becoming just another failed breakout. XRP is currently outside the billionaire club, which could indicate that the rally is coming to an early end unless something changes quickly.
The crypto market is down today, July 29, with some of the most popular meme coins like Fartcoin, Bonk, and Dogwifhat falling by double digits.
Bitcoin (#BTC ) price was little changed at $118,000 as most altcoins retreated. Dogwifhat (#WIF ), and Bonk (#BONK ), three popular Solana meme coins tumbled by over 13%, while Pudgy Penguins, Pepe, and Avalanche fell by over 8%.
🔸 Crypto market is down as Bitcoin price rally fades
The main reason why the crypto market is down today is that Bitcoin has remained in a tight range this week. It has stayed at $118,000 for over a week as the recent bull run faded.
Bitcoin’s price action normally drives the broader crypto market. When it rises, most altcoins jump, and when it drops or consolidates, many tokens crash.
Fortunately, there are signs that Bitcoin’s consolidation is bullish, as it is slowly forming the popular bullish pennant pattern. This pattern consists of a vertical line and a symmetrical triangle, often leading to more gains over time.
Therefore, it is likely to have a bullish breakout, as the two lines of the triangle pattern are converging. This, in turn, could lead to a broader crypto rally.
🔸 Crypto crashed before FOMC decision and macro data
The crypto market is going down because of the upcoming Federal Reserve interest rate decision scheduled on Wednesday.
Economists expect the bank to leave interest rates unchanged between 4.25% and 4.50%. As such, the focus will be on the upcoming dot plot, which will provide more details on when interest rate cuts are expected to begin.
The CME Fed Futurestool estimates that the Fed cuts will start in the next meeting in September. A more dovish tilt will be bullish for Bitcoin and other altcoins.
Furthermore, the crypto market is awaiting key macroeconomic data this week. The US will publish the first estimate of GDP data on Wednesday, personal consumption expenditure on Thursday, and nonfarm payrolls on Friday. It is common for the stock and crypto markets to pull back before major macro events.
🔵 #Cardano holds bullish retest, why price can rally to $1.19
Cardano (#ADA ) is currently in the process of confirming a key bullish retest after reclaiming the point of control, a level that had rejected price multiple times in recent months. Key technical points:
POC Reclaimed with Volume: A decisive bullish retest has emerged after multiple failed attempts.
$1.19 Resistance in Sight: Value area high and high-timeframe resistance converge at this level.
Sustained Demand Required: Bullish volume must continue to support price as it climbs.
The successful reclaim of the point of control marks a significant shift in ADA’s mid-term structure. Price action has shown impressive respect for technical pivots, and the latest move is no different. The reclaim was not only clean but also backed by a notable spike in volume, suggesting real demand rather than a low-volume push.
If ADA can maintain this level as support in the coming sessions, it sets the stage for a continued rally toward the value area high, which currently aligns with the $1.19 high-timeframe resistance. This region is a key target for bulls and marks a full structural rotation from the recent lows. For this to play out, however, the point of control must hold on a weekly closing basis to confirm sustained momentum.
The volume profile also supports the bullish case. We’re seeing consistent bullish inflows, reinforcing the idea that buyers are active and absorbing supply. This demand will need to persist as price approaches higher resistance zones particularly as sellers begin to step in near historical rejection levels. If volume remains strong and the structure continues to respect each bullish pivot, a move to $1.19 becomes increasingly likely.
🔸 What to Expect in the Coming Price Action
ADA’s next major move hinges on its ability to hold the point of control as a base of support. If successful, the path toward $1.19 opens up with strong technical alignment. However, any weakness or volume drop could delay the move, requiring a new consolidation phase before another attempt higher.
📣 $XRP out of Billionaire Club: Bull Run Getting Canceled?
As on-chain metrics start to show red flags, XRP's recent surge may be waning. The XRP Ledger's decline in daily payment volume, which has now dropped below $1 billion, is the most obvious warning sign. In sharp contrast to the steady multi-billion peak prices over the previous three weeks, the volume of XRP payments reached about 986 million as of July 28.
🔸 Activity wearing thin
This indicator shows how much #XRP is being transferred between accounts and indicates a decline in institutional engagement and overall user activity when it falls off significantly. In summary: less momentum, less interest and less money in motion. Technically, things do not appear to be looking good either. After recently reaching a high of $3.70 the price of XRP is currently trading at about $3.16.
The parabolic run has slowed, and the price stagnation is accompanied by a descending volume pattern that points to a classic case of exhaustion. RSI indicators remain in overheated territory, and if new demand does not emerge, a more significant cooldown may be imminent.
🔸 Potential cause
Despite a few exceptions such as Ethereum and Solana, which continue to attract significant inflows this decline in activity coincides with a general slowdown in interest in altcoins. The decline in payments volume for XRP is more likely due to deteriorating fundamentals as much as price.
The assets placed in the current cycle become more precarious if it is unable to sustain interest from high-volume traders. Even worse, the total volume of trading on the cryptocurrency market is starting to drop, which suggests that money is either pulling out of altcoins or sitting on the sidelines.
XRP needs to re-attract network activity and liquidity at scale in order to prevent deeper retracements; otherwise, the recent bull run runs the risk of becoming just another failed breakout. XRP is currently outside the billionaire club, which could indicate that the rally is coming to an early end unless something changes quickly.