Bitcoin and Altcoin Price Analysis: Key Support Levels to Watch

The cryptocurrency market is experiencing some volatility, with Bitcoin (BTC) pulling back and major altcoins like Ethereum (ETH) showing signs of strength. According to a recent Bitcoin Intelligence Report, while BTC has immediate resistance at around $130,000, it has a year-end target of near $200,000. Institutional interest in Ethereum, evidenced by more than $2.9 billion in spot ETH ETF inflows, suggests the uptrend could continue and potentially usher in a full-scale “altcoin season” in September.

Here are the key support and resistance levels to watch for the top cryptocurrencies:

Bitcoin (BTC):

• BTC’s price has fallen to its 20-day exponential moving average (EMA) around $117,485, which is a critical support level.
• If the price bounces from here, a new rally could attempt to break resistance at $124,500 and push toward $135,000.
• A close below the 20-day EMA could lead to a drop to the 50-day simple moving average (SMA) at $115,137 and then to the strong support at $110,530. A move below this level could signal a short-term top.

Ether (ETH):

• ETH is facing selling pressure near $4,788 and is likely to retest the previous breakout level of $4,094.
• If the price holds at $4,094, bulls could push for a retest of the resistance zone between $4,788 and $4,868, with a potential rally to $5,000 and beyond to $5,662.
• A break below $4,094 could lead to a further drop to $3,745.

XRP:

• XRP has fallen below its 20-day EMA ($3.11).
• The key support level to watch is $2.73.
• On the upside, a move above $3.40 could signal buyer strength, with a potential rise to $3.66. The next major move will likely be a breakout above $3.66 or a breakdown below $2.73.

BNB:

• BNB failed to hold its recent breakout above $861 and has retreated to its 20-day EMA ($794).
• If the price rebounds from the 20-day EMA, it could attempt to break above $869 and potentially reach $1,000.
• A drop below the 20-day EMA could lead to a test of the strong support at $732.

Solana (SOL):

• Solana has pulled back from $210 and is nearing its 20-day EMA ($180).
• The 20-day EMA is a key level to watch. A rebound here could lead to a new attempt to break $210 and rally toward $240.
• A break below the 20-day EMA could see SOL consolidate in a range between $155 and $210.

Dogecoin (DOGE):

• DOGE fell from $0.26 to its 20-day EMA ($0.22), a sign of buying on dips.
• Bulls will try to push the price above $0.26 to continue the upward momentum toward $0.29, a key level that could spark a new rally to $0.35.
• A fall below the moving averages could keep the price locked in the range of $0.14 to $0.29.

Cardano (ADA):

• Cardano saw a brief surge but met resistance near $1.02.
• The trend remains bullish as long as the price stays above the 20-day EMA ($0.81).
• A successful break above $1.02 could lead to a rally to the $1.17 to $1.25 resistance zone.

Chainlink (LINK):

• LINK has pulled back from $24.74, and its weakening momentum is indicated by a negative divergence in the RSI.
• The key support to watch is the 20-day EMA ($20). A break below this level could lead to a drop to $18.
• If the price turns up, bulls will attempt to break resistance at $24.74, which could lead to a rally to $27.21.

Hyperliquid (HYPE):

• HYPE is struggling to maintain higher levels, indicating that sellers are defending the zone between its channel support and $50.
• A drop below the moving averages could see the price plunge to $36.
• A break and close above $50 would invalidate this negative view and could lead to a rise toward $64.

Stellar (XLM):

• XLM has retreated from $0.47 and is currently battling with bulls and bears at its 20-day EMA ($0.42).
• A close below the 20-day EMA could lead to a drop to the 61.8% Fibonacci retracement level of $0.34.
• To signal strength, the price needs to break above $0.47, which could lead to a rally to $0.52. A move above $0.52 would complete a bullish inverse head-and-shoulders pattern.

August 2025, Cryptoniteuae