Today's mainstream Crypto Assets price forecast: BTC, ETH, XRP, SOL, DOGE, ADA, HYPE, XLM, SUI

Bitcoin (BTC) continues to hover below the $120,000 resistance level, reflecting ongoing bull run pressure. Although the price of Bitcoin is stable, its upward momentum may face periodic resistance. According to Axel Adler Jr., over the past 13 years, Bitcoin's average return in August has only been 2.56%, indicating that its pump may slow down.

However, short-term volatility and negative seasonal factors have not deterred large institutions. Strategy recently announced that it has purchased an additional 21,021 BTC at an average price of 117,256 USD per coin, bringing its total holdings to 628,791 BTC—this move indicates its strong long-term confidence in Bitcoin.

Despite Bitcoin's temporary consolidation, speculative funds are showing signs of a shift. According to data from Glassnode, the trading volume of Ethereum (ETH) perpetual futures has surpassed that of Bitcoin, creating "the largest volume difference ever recorded." Analysts believe this indicates that a large amount of capital is shifting toward altcoins.

Can Bitcoin break through the current consolidation range? Which altcoins have the potential to lead the next wave of pumps? Let's take a look at the trend charts of mainstream cryptocurrencies to find clues.

BTC Technical Analysis

BTC continues to fluctuate within a narrow range between $115,000 and $120,000. The longer the price stays within this narrow consolidation range, the stronger the momentum for the subsequent breakout.

The 20-day Simple Moving Average (SMA) shows an upward trend (118,313 USD), and the Relative Strength Index (RSI) is in the positive zone, indicating that the path of least resistance is upward. If buyers push the price above 120,000 USD, the BTC/USDT pair may accelerate in its rise and break through 123,218 USD, setting a new high. After that, the pair may rise to 135,000 USD.

On the contrary, if the price breaks below and closes under 115,000 USD, it indicates that the bears are in control. At that time, the price may drop to 110,530 USD - a key support level worth noting, as breaking below this level could lead to BTC falling to 100,000 USD.

(Source: Trading View)

ETH Technical Analysis

ETH is struggling to maintain above the breakout area of $3,745, indicating that the bulls are not in a hurry to take profits as they anticipate the price will continue to pump.

If the price rebounds from the support level of $3,745, the ETH/USDT pair may drop towards the upper resistance level of $4,094. It is expected that sellers will exert some pressure at this level, but if the bulls prevail, the price could soar to $4,868.

On the contrary, if the price drops and falls below $3,745, it indicates that the bulls have given up. The price may retrace to the 20-day moving average ($3,516), and buyers may return to that level. If the price rebounds significantly from the 20-day moving average, the bulls will again try to break through the resistance level.

(Source: Trading View)

XRP Technical Analysis

Ripple (XRP) has experienced a fierce tug of war between buyers and sellers at the 20-day SMA ($3.16).

If the price breaks below the support level of 3.05 USD, the next stop-loss point could be at 2.95 USD. Buyers are expected to firmly defend this area, as a break below this area could trigger a deeper pullback towards 2.65 USD.

On the contrary, if the price rebounds significantly from $2.95, it indicates that the lower buying demand is quite strong. The 20-day simple moving average (SMA) may become a resistance level during the price rebound, but if the bulls break through that resistance, the XRP/USDT pair could rise to $3.33 and then to $3.66.

(Source: Trading View)

SOL Technical Analysis

Solana (SOL) has corrected to the 20-day SMA (178 USD) - it is expected that this level will become a strong support level.

If the price rebounds significantly from the 20-day moving average, the bulls will attempt to push the SOL/USDT pair towards the resistance level of 209 dollars again. If the price breaks through and closes above 209 dollars, the door to 240 dollars will open. The resistance level at 220 dollars may be smaller, but it is likely to be broken.

On the contrary, if the price falls below and closes under the 20-day moving average, SOL may be pulled down to the 50-day moving average (160 USD). This means that the coin pair may continue to trade within a wide range between 110 USD and 209 USD in the coming days.

(Source: Trading View)

DOGE Technical Analysis

Dogecoin (DOGE) dropped from $0.25 on Monday and fell below the 20-day moving average ($0.22) on Tuesday, indicating increased selling pressure.

The next support level is at $0.21. If the price bounces back from this area and breaks above the 20-day moving average, bulls may attempt to push the DOGE/USDT pair up to $0.26, then to $0.29. However, it is expected that bears will actively defend the $0.29 area, as a close above this level could see the pair rise to $0.35, and potentially further to $0.44.

On the contrary, if Dogecoin breaks below and closes under $0.21, the coin pair may drop to the 50-day moving average ($0.19). This means that Dogecoin may continue to consolidate within the range of $0.14 to $0.29 for a period of time.

(Source: Trading View)

ADA Technical Analysis

Cardano (ADA) fell below the 20-day moving average ($0.79) on Tuesday, indicating that the bears are trying to regain control.

The support level is at $0.76, but if it falls below that level, ADA/USDT may continue to pull back to $0.73, followed by the 50-day moving average at ($0.67 ). This decline suggests that ADA may fluctuate between $0.50 and $0.86 for some time.

The first sign of revival will be a breakthrough and close above the 20-day moving average. This indicates that the lower selling pressure levels are easing. Subsequently, the bulls may attempt to push the price above the resistance level of $0.86.

(Source: Trading View)

HYPE Technical Analysis

Hyperliquid (HYPE) is between the ascending channel support line and the 20-day SMA ($45.13).

The bulls failed to push the price above the 20-day moving average, increasing the risk of breaking below the support line. If this occurs, the HYPE/USDT trading pair may pull back to $36, then drop to $32.

If the price rebounds and breaks through the 20-day moving average, this bearish scenario will become invalid in the short term. The currency pair may subsequently rise to the upper resistance area between $48 and $49.87.

(Source: Trading View)

XLM Technical Analysis

Stellar (XLM) broke below the 20-day moving average at 0.44 USD on Monday, and the bears successfully defended this level as the price retraced and tested it on Tuesday.

Bears will attempt to consolidate their positions by pulling the price down to below $0.40. If successful, the XLM/USDT pair may drop to the 50% Fibonacci retracement level of $0.37, followed by a drop to the 61.8% Fibonacci retracement level of $0.34.

However, the bulls are unlikely to stall. They will seek to rebound by pushing the price above $0.46. If successful, the currency pair may retest the resistance level of $0.52. If the price closes above $0.52, it may further rise to $0.64.

(Source: Trading View)

SUI Technical Analysis

Sui (SUI) broke through the resistance level of $4.30 on Sunday, but due to a significant price drop on Monday, this breakout ultimately proved to be a bull trap.

Currently, the bears are trying to keep the price below the 20-day moving average ($3.85). If successful, the SUI/USDT pair may drop to $3.51. The bulls are expected to actively defend the area between $3.51 and the 50-day moving average ($3.27).

If the price rebounds from $3.51 and breaks through the 20-day moving average, it indicates a potential range-bound trading zone. After that, the currency pair may fluctuate between $3.51 and $4.30 for a while. A breakout above that level and a close above $4.30 could trigger a new upward trend, with a target price of $5.

(Source: Trading View)