Crypto Assets
BTC
Bitcoin and the broader crypto market continue to trade with subdued momentum, as BTC remains range-bound between $62,000 and $66,000. Uncertainty surrounding global macroeconomic conditions and geopolitical developments has kept traders cautious, limiting fresh participation and resulting in low market volatility. On the daily chart, the RSI is hovering around the 45 zone, indicating that bearish momentum is gradually easing, although buyers have yet to regain full control. Meanwhile, the Stochastic Oscillator is at 15, recovering from lower levels and suggesting the possibility of a short-term relief rally if buying interest strengthens. Overall, market sentiment remains neutral to slightly bearish, with the $66,000-67,000 zone acting as the immediate resistance. A sustained breakout above this range could trigger renewed bullish momentum, while failure to do so may keep Bitcoin consolidating within its current trading range.
ETH
Ethereum is trading near the $1,885 mark after recovering from recent lows, but it continues to face strong resistance in the $1,950-2,000 zone. Despite repeated rejection near these levels, buyers remain active on dips, indicating that underlying demand is still intact. Broader market sentiment, however, remains cautious, limiting the pace of the recovery. On the daily chart, the RSI is hovering around the 50 level, suggesting that momentum is gradually improving but has yet to confirm a strong bullish trend. Meanwhile, the Stochastic Oscillator is recovering from lower levels, indicating improving short-term momentum and the potential for further upside if buying interest strengthens. On-chain activity also remains stable, supporting Ethereum’s medium-term outlook. Looking ahead, ETH is expected to face immediate resistance in the $1,980-2,010 zone, followed by a major hurdle near $2,100. A decisive breakout above these levels could accelerate bullish momentum.
SOL
Solana traded in a narrow range throughout the week, showing only modest price movement despite continued activity across its ecosystem. Although meme coin trading remained active, SOL struggled to build sustained bullish momentum as overall market participation remained subdued. On the daily chart, the RSI is hovering around the 50 zone, indicating neutral momentum with signs of gradual improvement. Meanwhile, the Stochastic Oscillator is above 80, indicating some profit-booking pressure. On the upside, SOL is expected to face immediate resistance in the $77.50-78.50 zone, followed by the next major resistance around $82.00. A sustained breakout above these levels could strengthen bullish momentum and pave the way for a broader recovery in the coming sessions.
Note: The crypto market cap is at $2.18 trillion, as of date, while the 24-hour total crypto market volume is $46.81 billion.
Also Read: What is Ethereum Options Trading? A Beginner’s Guide
Market News
- Polymarket Bitcoin August Price Bet on $62,500 Rises to 92.5%.
- Mining Giant Riot Cashes Out 4,300 BTC for Data Center Buildout.
- Public Bitcoin Miners Cut Hashrate 13.4% as AI Infrastructure Revenue Grows.
- Bitcoin Faces $1.31 Billion Long Liquidation Risk Below $60,717.
- SharpLink Deploys $200 Million in Ethereum Through Lido to Expand DeFi Yield Strategy.
- ETH Faces $846 Million Short Liquidations Above $1,968, Coinglass Says.
- Goldman Sachs Expands Bitcoin Push With $2.25 Billion Asset Manager Deal.
- Google Ad Phishing Scam Drains $550,000 from Hyperliquid User.
- Hyperliquid Burns 19,750 HYPE Tokens in 24 Hours, Generates $1.6 Million in Fees.
- Kalshi to Build High-Speed Data Feed on Solana Network.
Events in July & August
- Major Token Unlocks: WLFI, APT, KAITO, and ZRO
- Major Crypto Conferences:
- HSC Conference 2026: 15th August
- Wyoming Blockchain Symposium: 17th-20th August
- Coinfest Asia 2026 (Bali): 20th-21st August
- Bitcoin Asia 2026 (Hong Kong): 27th-28th August
Weekly Support and Resistance Levels
| Coins | CMP | Support 2 | Support 1 | Trend | Resistance 1 | Resistance 2 |
| BTC | $63,430 | $59,380 | $61,800 | Neutral | $66,300 | $68,100 |
| ETH | $1,885 | $1,695 | $1,814 | Positive | $2,030 | $2,120 |
| SOL | $75.90 | $68.35 | $72.85 | Neutral | $77.85 | $81.60 |
| BNB | $612 | $556 | $584 | Negative | $634 | $658 |
| HYPE | $56.90 | $51.10 | $52.90 | Positive | $58.60 | $62.85 |
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Disclaimer:
Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs. The views, thoughts, and opinions expressed in the article belong solely to the author, and not to ZebPay or the author’s employer or other groups or individuals. ZebPay shall not be held liable for any acts or omissions, or losses incurred by the investors. ZebPay has not received any compensation in cash or kind for the above article and the article is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information.
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