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BTC, ETH, SOL, and HYPE: Top signals and price inflection levels you can’t overlook
Markets are heating up as major crypto assets test crucial levels. With leverage building and spot buyers stepping in at key supports, the next directional move could be decisive. Here’s a focused breakdown on where Bitcoin, Ethereum, Solana, and HYPE are likely to break out—or break down—according to this week’s data-driven technicals.
TLDR:
- BTC: Bullish above $105k; upside momentum depends on Spot strength through $110k–$112k. Targeting $120k.
- ETH: Range-bound ($2,420–$2,720) but constructive; breakout could set up a move to $3,280.
- SOL: Solidly holding $144; if this support holds, looking at $185 next, with $200+ in play after.
- HYPE: At major resistance, likely facing a pullback. Eyes on $30–33 for re-entries.
BTC:
- Open Interest up 10% from $105k, indicating leverage was a driver in recent rally.
- Funding Rate slightly positive, showing mild long bias. No clear leverage froth present.
- For BTC to clear $110k–$112k, Spot bids need to intensify, as sellers were active around those levels.
BTC’s Open Interest (by USD value):
Technical analysis
- Pullback and bounce at $106,000 confirms key support.
- BTC broke out from broadening downtrend wedge; bullish while above $105,000.
- Local resistance at $110,700 and $112,000 (ATH).
- Supports at $106,000 and $102,500–$103,500 zone.
- RSI broken above downtrend and its MA—bullish structure, suggests more upside medium term.
- Next Support: $106,000
- Next Resistance: $110,700 (then $112,000)
- Direction: Neutral/Bullish
- Upside Target: $120,000
- Downside Target: $106,000
Cryptonary’s take
BTC maintains a bullish technical structure following the breakout. The rally may cool after the jobs report delayed expected rate cuts, but ETF flows remain strong and no new macro shocks are on the horizon. Anticipate 1-2 weeks of sideways action, but with current formation, BTC looks poised for a move higher—watch for a breakout above $110k–$112k for a run toward $120k.
What’s next?
Want the details on Ethereum’s breakout setup, Solana’s next explosive target, and HYPE’s pivotal buy zones? Unlock full access to see where the real opportunities are emerging right now.
ETH:
- Open Interest up since June lows, but remains subdued overall—no overly aggressive positioning.
- Funding rate very mild; slightly positive but shows little to no froth in leverage markets.
ETH’s Open Interest (by USD value):
Technical analysis
- Bounced cleanly from $2,160; reclaimed $2,420 now acting as key support.
- Mid-range at $2,550; resistance above at $2,720 and $2,870.
- Break above $2,870 would target $3,280.
- RSI in neutral, but supported by its MA and trying to break the downtrend—bullish signals stacking.
- Next Support: $2,420
- Next Resistance: $2,720
- Direction: Neutral/Bullish
- Upside Target: $3,050
- Downside Target: $2,420
Cryptonary’s take
ETH continues range trading between $2,420 and $2,720, and we expect this chop to persist 1–2 weeks. Our bias remains bullish—any breakout above $2,720 should set up a retest of $3,000+, with $2,420 ideal for strategic accumulation for medium/long-term positions.
SOL:
- Open Interest rising post-$130 bounce and recovery of the $144 level.
- Funding fluctuates between positive and negative, showing trader indecision—no high leverage risk.
- Strong Spot bid needed to sustain upside progress.
SOL’s Open Interest (by USD value):
Technical analysis
- Recovery of $144 critical—it’s holding as support following breakout of downtrend channel.
- Key resistance above: $155 (local) and $185 (major). Below $144 threatens bullish momentum.
- RSI in mid-range and supported above its MA, increasing likelihood of bullish continuation.
- Next Support: $144
- Next Resistance: $155
- Direction: Neutral/Bullish
- Upside Target: $185
- Downside Target: $135
Cryptonary’s take
SOL sits in a bullish posture above $144, reinforced by the technical breakout. We anticipate potential summer chop, but the next big move likely targets $185, with $200+ in scope later this year. Best strategy: add on pullbacks toward $120–$135, and maintain strong exposure above $144–$150 for the next upside push.
HYPE:
- Broke trend and retested buy zone ($30.50–$33.00)—strong bounce to major resistance at $39.40–$42.00.
- Price at convergence of trendline resistance and horizontal barrier; high likelihood of short-term rejection.
- RSI is supportive, but price structure points to a possible pullback before next leg up.
HYPE’s Open Interest (by USD value):
Technical analysis
- Bearish beneath $39.40–$42.00; likely short-term reversal back to $30–$33 buy region.
- RSI is positive but may not be enough to force a breakout until another retest lower.
- Next Support: $33.00
- Next Resistance: $42.00
- Direction: Bearish
- Upside Target: $42.00
- Downside Target: $30.50
Cryptonary’s take
HYPE’s recent surge is now losing steam at resistance; a near-term pullback toward $30–$33 is likely, where selective accumulation makes sense for long-term holders. Lower levels ($25–30) are where we’d increase position sizing most aggressively, should price revisit these areas.