As the crypto market moves sideways, Solana (SOL) compresses between two key levels. Some analysts suggest that the cryptocurrency is about to break out and reclaim a crucial resistance level, which could trigger the long-awaited retest of the $200 barrier. Solana Holds Key Support After recovering from last month’s downtrend, Solana has been attempting to reclaim the crucial $160 level to continue its bullish rally. The cryptocurrency traded between the $140-$180 range for two months, but briefly lost its post-breakout range in late June. Two weeks ago, SOL fell below the $130 area, hitting a two-month low of $126 on June 22. Since then, the altcoin has recovered, fueled by last week’s launch of a Solana staked crypto Exchange-Traded Fund (ETF) in the US by Rex Shares. Following the news, Solana’s price jumped toward the $160 resistance level but was rejected, hovering between the $145-$155 price range for the past week. On Tuesday, SOL fell below the $150 level, hitting the $147 support before bouncing. Analyst Ali Martinez noted that the $147.59 area is one of the most important support levels for Solana, as losing this level could trigger a pullback to the next key zone around the $141 mark. Similarly, market watcher Man of Bitcoin affirmed that SOL’s key support to maintain is around $141.91, adding that “a sustained break below this level would suggest that wave-C of (ii) is already underway.” The analyst previously warned that there is a potential scenario “with one more low in wave-5,” if the cryptocurrency doesn’t hold about the $148 mark. However, maintaining this support would build a base to target the local highs. SOL About To Retest $160? Analyst Carl Runefelt from The Moon Show affirmed that SOL is “about to break off” a triangle formation and test the $162 resistance. As the price compresses between the upper and lower boundaries, the analyst suggested that the cryptocurrency’s breakout is around the corner. Notably, Solana has been forming a one-week symmetrical triangle pattern in the daily chart. If the cryptocurrency successfully breaks above the $152-$153 zone, it could see a 10.87% jump toward the technical target of $167. The Cryptonomist highlighted that SOL broke out of a multi-day diagonal resistance on Sunday, which was retested and confirmed as support after bouncing around the $147 twice since the breakout. The analyst considers that the cryptocurrency is preparing for a continuation of its rally, targeting the one-week high and resistance of $160. Meanwhile, Crypto Jelle noted that despite the April downside deviation, Solana continues to trade within its $125-$180 Macro Range, currently hovering around the mid-range. To him, “it looks like it’s just waiting for BTC to break out. Once it reclaims $160, $200 should come quickly. Above there, new all-time highs are within reach.” As of this writing, Solana is trading at $151.51, a 3.6% increase in the weekly timeframe.

As the market sees a Friday retrace, Bitcoin (BTC) is attempting to reclaim a crucial area as support. An analyst suggests that the flagship crypto’s daily close could set the stage for a bullish end of the week despite potential volatility. Bitcoin Breakout To Come ‘Sooner Or Later’ At the start of the new quarter, Bitcoin has retested crucial levels, touching the $105,000 support and $110,000 resistance over the past four days. Amid its Tuesday pullback, the flagship crypto fell to a two-week low but managed to bounce from a crucial range. Analyst Sjuul from AltCryptoGems previously noted that BTC needed a strong rebound from the “most important” support and resistance area, between the $104,000 and $106,000 price levels, explaining that failing to hold this range would open the door for a drop to the range lows around $101,000. On Friday, the analyst highlighted Bitcoin’s price action after holding the key levels, which “provided the perfect entry for a bounce, just as expected.” Following this performance, he asserted that Bitcoin is expanding on its two-month Power of Three (Po3) setup, signaling that potential further expansion is ahead. Nonetheless, he pointed out that the flagship crypto is still trading in a two-month range, suggesting a volatile price action until the price successfully breaks out, which it has attempted to do earlier this week. “Since we are in a range, we are forced to respect the key levels of the range: high, mid, and low,” Sjuul detailed, adding that all eyes are currently on the mid-range, where bulls must step in to confirm the bullish move to the range high. Based on this, the analyst forecasted another move above the $110,00 mark, where “we have left a lot of unfinished business” and “plenty of liquidity lies.” He pointed to a huge cluster near the $111,000 area in BTC’s Liquidity Heatmap, affirming that “price is attracted by liquidity, so I am expecting that level to be visited sooner or later.” BTC Eyes Pivotal Closes After being rejected from the $108,000 at the start of the week, analyst Rekt Capital noted that Bitcoin broke out of two 2-week downtrends in the past 40 days but was rejected from the crucial 6-week diagonal downtrend, around the $108,000 mark, during the same timeframe. This week, BTC closed above this resistance twice, and daily closed above the $109,000 mark on Thursday. However, Friday’s pullback saw Bitcoin drop below the crucial level, falling to the $107,245 area. The analyst considers that a key retest of the pattern is in progress. He previously explained that any dipping into the top of Bitcoin’s pattern could “technically be considered additional retesting to further solidify the recently broken black diagonal resistance into new support.” Nonetheless, BTC must close today above the diagonal resistance for a successful retest. “Bitcoin is losing the diagonal for the moment. But if price Daily Closes above the diagonal, then this will have ended as a downside wick as part of a volatile retest. Upcoming Daily Close will be pivotal,” he stated. Meanwhile, Bitcoin is also on the cusp of making history as its price nears the “final major Weekly resistance” around the $109,000. Rekt Capital detailed that if BTC closes above this level, it would confirm a break from this major resistance, which would likely unlock a new all-time high (ATH). He concluded that, with the recent weekend volatility, “we won’t know until the very last moment heading into the new Weekly Close whether this level has been flipped into support or not.”

After recovering from the recent pullbacks, SUI is attempting to reclaim a crucial resistance, which could trigger a breakout from its bullish formation. Some analysts believe that the cryptocurrency’s imminent rally could target significantly higher levels. SUI Eyes Key Area Reclaim On Thursday, SUI has surged more than 10% from its $2.70 support toward the crucial $3.00 barrier. The cryptocurrency has been attempting to reclaim this area throughout Thursday, hovering between the $2.95 and $3.08 levels. Notably, the altcoin ended its multi-month downtrend after breaking above its descending resistance at the end of March, fueling its rally toward the $4.29 high in May. Since the Q2 breakout, SUI has been trading within the $2.33-$4.10 range. Nonetheless, the June pullbacks, driven by the global geopolitical tensions, sent the token below the $3.00 mid-range support to its local low of $2.22 nearly two weeks ago, before reclaiming the $2.80-$2.90 area. Amid the start-of-month retracement, the altcoin briefly lost its local range, but the Wednesday pump reignited bullish sentiment and potentially set the stage for a rally continuation. Analyst Alex Clay noted that SUI is currently testing the confluence of the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs) resistances alongside its bullish flag resistance. According to the chart, the cryptocurrency has been trading within a bullish flag formation since May, and lost the technical indicators throughout the June pullbacks. Now, the indicators and the patterns’ upper boundary sit as resistance around the $3.00-$3.10 area. If the altcoin reclaims these key levels, the analyst considers that a rally to the $5.00 resistance would be “an easy trade.” Is A Breakout To $10 Nearby? Analyst Marcus pointed out that SUI “just snapped back from the 0.786 Fib zone sharp, clean and confident.” He added that the cryptocurrency’s structure held despite the correction, which confirmed a “healthy pullback, not a breakdown.” To the analyst, the current bounce could be the higher low that sets the stage for SUI’s next major move, as “all signs point to a setup that’s not done yet.” Meanwhile, market Watcher Crypto Yhodda affirmed that SUI is “in a big accumulation right now,” pointing to an eight-month triangle formation. According to the analyst, a breakout from this pattern “can help it reach the dream target of $10.” Similarly, Kaleo highlighted SUI’s bounce on its trading pairs against Bitcoin (BTC) and USD. He explained that there are many similarities between the base the altcoin is currently building and the base from the April lows that propelled the token to its local high. The cryptocurrency bounced off the High timeframe (HTF) ascending support line on both occasions, suggesting a massive rally could be ahead. To the analyst, the $10 target is “a magnet.” Crypto Batman also highlighted this ascending support, noting that the recent pullback marks the third time the cryptocurrency has bounced from it since August. Following the previous two retests, the token rallied for weeks toward higher levels, signaling that a breakout could be nearby. Additionally, he considers that SUI displays a “solid-looking setup,” as it is trading above the key $2.30-$2.40 area that has served as resistance and support on the weekly chart. As of this writing, SUI trades at $3.09, a 15% increase in the weekly timeframe.

This week, Bitcoin (BTC) has recovered from its recent drop below the $100,000 level and is attempting to turn the crucial $108,000 resistance into support for the fourth time. As we approach the second half of 2025, a market watcher has shared his forecast for BTC. Bitcoin Sees Transitional Period On Thursday, analyst Rekt Capital shared a roadmap for BTC for the rest of the year. He noted that this cycle has been “truly a cycle of re-accumulation ranges,” explaining that these have formed throughout the cycle since the end of 2022 and evolved since the Bitcoin Halving last year. In the pre-having period, BTC registered brief price deviations with downside wicks below the re-accumulation range lows in the weekly chart. Meanwhile, the post-halving period has seen Bitcoin deviations occur with multi-week clusters of full-bodied candles below the range lows. For instance, after its first price discovery uptrend, which lasted around seven weeks, BTC moved within its re-accumulation range for about ten weeks. Then, it transitioned into the first Price Discovery Correction, recording a nine-week downside deviation below the range lows before breaking out and rallying past the range highs toward a new ATH last month. Its past performances suggested that BTC was ready to enter its second Price Discovery Uptrend. But as Rekt Capital detailed, a transitional period has occurred for the first time, with price consolidating around the re-accumulation range high area. According to the analyst, this is “perhaps the first time that we’re seeing a deviation occur below the range high,” making this area a crucial level to transition into a new uptrend. We never really had to pull back substantially, maybe, until that final corrective period, which would last multiple months, but each re-accumulation range would see quite a bit of upside, and that upside would be very quick and no real post-breakout retesting, no real pausing. What we’re seeing here is something very, very different. Weekly Close Key For BTC’s Future Based on its new transition period, the key level for Bitcoin to reclaim in the weekly timeframe is the $104,400 support, which it held for nearly seven weeks before the recent pullbacks. This level was lost after BTC closed last week below it and “should not become a resistance level.” To the analyst, it’s key that this week’s close solidifies the price recovery as it would position the cryptocurrency for a retest and confirmation of $104,400 as support and continue the build the base around this area to transition into the next multi-week Price Discovery Uptrend. Rekt Capital added that the timeline for BTC’s next uptrend will depend on the length of the new transitional period. However, he believes that it will take “a bit longer” to break out. Additionally, he suggested that what comes after the upcoming uptrend will also depend on how long it takes, as it could lead to an extended cycle or a prolongation of this phase, which could push the cycle peak into deeper stages of 2025. Nonetheless, the analyst affirmed that it’s crucial that the next corrective period, which could see Bitcoin drop between 25% to 33%, is short to potentially enjoy a third Price Discovery Uptrend before the bear market. As of this writing, BTC is trading at $107,555, a 3.2% increase in the weekly timeframe.

As Bitcoin (BTC) attempts to turn the $110,000 resistance into support, some analysts believe its price discovery rally has just started, forecasting new highs for the flagship crypto. Bitcoin Starts Second Price Discovery Uptrend Last week, Bitcoin’s momentum propelled its price to its new all-time high (ATH) of $111,814 before retracing to its current range. Over the weekend, Bitcoin confirmed its breakout into its second Price Discovery Uptrend, following its successful retest of the $104,500 mark as support. The cryptocurrency has been in a significant market recovery for over a month, rallying nearly 50% from April lows. Analyst Rekt Capital noted that BTC ended its downside deviation period and positioned itself for a retest of its key re-accumulation range during early May’s surge, which was successfully reclaimed and surpassed. The analyst considers that its new Price Discovery Uptrend has “only just begun,” as Bitcoin starts Week 2 of this phase. Rekt Capital highlighted that this cycle has been “a story of Re-Accumulation Ranges,” which signals that a new range will likely form after this Price Discovery. Meanwhile, history suggests a second Price Discovery Correction is ahead as Bitcoin transitions into its new Price Discovery Uptrend. During its future correction, BTC will likely retrace between 25%-35% “to produce yet another Downside Deviation below the Re-Accumulation Range Low (future orange circle) before resuming upside into a likely Price Discovery Uptrend 3.” In the meantime, “All Bitcoin needs to do is hold above the Re-accumulation Range High of $104,500” to continue its price discovery rally. $110,000 Breakout Next? Notably, the flagship crypto has been retesting the range high as support over the past two weeks, confirming the breakout. As such, dipping into the previous $92,000-$104,500 range’s upper zone could happen as “part of normal volatility.” Moreover, it turned another key resistance, the $102,500 mark, into support during this period, which it had previously been rejected from in January 2025. With these levels as support, Rekt Capital considers that only the December 2024 and January 2025 upwicks, at $108,353 and $109,588, stand in the way of additional Price Discovery. Trader Daan Crypto Trades noted that Bitcoin is “still strong but fighting around its previous all-time high from earlier this year.” He pointed out that price action looks “very choppy” in the lower timeframes, but it shouldn’t be concerning for investors if the price remains within its current range. Analyst MacroCRG affirmed that Bitcoin must officially reclaim the $110,000 level to continue its rally, as it marks the previous ATH and the Value Area High (VAH) from last week. “Acceptance above and we likely squeeze straight into price discovery again,” CRG stated. Currently, Bitcoin is retesting its Weekly opening of $109,004 as support, which could set the stage for a breakout above the $110,000 mark if held. Meanwhile, rejection from this area could send BTC price to the $106,000-$108,000 area. As of this writing, Bitcoin trades at $109,181, a 1.4% increase in the daily timeframe.