Key Points:
- Bitcoin shows strong buying pressure near lows; resistance at $120,000–$123,218 must be overcome for a rally toward $135,728 and possibly $150,000.
- Ethereum struggles to hold above $3,745; a rebound could push it to $4,094 and beyond to $4,868, while a drop below its 20‑day SMA ($3,423) could signal deeper correction.
- XRP finds support at its 20‑day SMA ($3.10); reclaiming $3.66 could lead toward $4.00 and $4.86, but a breakdown risks declines to $3.00 or lower.
- Solana bounced at $176 (20‑day SMA); a break above $209 could target $240–$260, while a drop below the SMA could see a move toward the 50‑day SMA ($160).
- Recent Trends: The recent SEC approval of a spot Ethereum ETF, rising on‑chain activity, and renewed interest in DeFi yields are key catalysts across markets.
1. Bitcoin Price Outlook
Bitcoin (BTC) traded below its 20‑day simple moving average (SMA) at $117,867 on Friday, but a long lower wick on the daily candlestick highlighted significant buying pressure at lower levels. Bulls aim to propel the BTC/USDT pair above the $120,000–$123,218 resistance zone. A successful breakout could ignite a sharp rally toward $135,728, with an eventual push to the pattern objective of $150,000.
Recent catalysts include institutional adoption spurred by the SEC’s greenlight for a spot Ethereum ETF—renewing confidence in large‑cap digital assets—and heightened on‑chain transaction volume. Data from Santiment shows daily active addresses on the Bitcoin network reaching 1.1 million—a two‑month high—indicating robust network usage.
Bullish Scenario: Break above $120,000 opens the path to $135,728 and potentially $150,000, driven by renewed ETF optimism and on‑chain demand.
Bearish Scenario: Failure to hold support at $110,530 could trap bullish traders, triggering mass stop‑losses and a drop to the strong psychological level of $100,000.
Bitcoin Daily Price vs 20‑Day SMA
2. Ethereum Price Outlook
Ethereum (ETH) pierced the $3,745 resistance on Sunday but bulls have struggled to maintain levels above this threshold. Sellers are attempting to pull the price back below $3,745; if successful, ETH/USDT may decline to its 20‑day SMA at $3,423. A break below this average would hint at a deeper correction phase.
Conversely, a strong rebound off $3,745 or the 20‑day SMA would signal healthy demand. In that case, bulls will target $4,094 next. Clearing that hurdle paves the way to $4,868, supported by the recent approval of spot ETH ETFs and a surge in staking yields, which now average 4.5% APY across major protocols.
Bullish Scenario: Bounce from $3,423 leads to $4,094 and then $4,868, fueled by ETF inflows and staking demand.
Bearish Scenario: Breakdown below $3,423 invites deeper pullback, possibly toward $3,000.
Ethereum Daily Price vs 20‑Day SMA
3. XRP Price Outlook
XRP rebounded off its 20‑day SMA at $3.10 on Thursday, indicating that dip buyers remain active. Bulls are striving to push the price back to $3.66, but stiff resistance looms. A failure to reclaim this level, followed by a breakdown below the 20‑day SMA, could trigger a deeper correction toward $3.00 and potentially $2.80.
On the upside, a decisive bounce from the 20‑day SMA would confirm strong defense of this zone. Bulls could then renew their challenge of $3.66; a clean break above sets the stage for moves to $4.00 and even $4.86, supported by Ripple’s expanding cross‑border payment trials and growing institutional partnerships.
Bullish Scenario: Reclaim $3.66, then target $4.00 and $4.86 on institutional adoption news.
Bearish Scenario: Break below $3.10 risks drop to $3.00 or $2.80, exacerbated by regulatory headwinds.
XRP Daily Price vs 20‑Day SMA
4. Solana Price Outlook
Solana (SOL) found support at its 20‑day SMA of $176 on Friday following a pullback from $209 on Wednesday, confirming buying demand near lows. Bulls aim to breach the $209 barrier; doing so could propel SOL/USDT toward $240 and then $260. While a minor hurdle exists at $220, market analytics from Dune show increasing DeFi activity on Solana, with total value locked (TVL) up 8% month‑over‑month.
However, a short‑term breakdown below the 20‑day SMA would invalidate the bullish view, potentially sending SOL down to its 50‑day SMA at $160 and ushering in a range‑bound phase between $110 and $209.
Bullish Scenario: Break above $209 targets $240 and $260, underpinned by growing DeFi adoption.
Bearish Scenario: Breakdown below $176 risks a slide to $160 and a prolonged trading range.
Solana Daily Price vs 20‑Day SMA
Conclusion
Across major cryptocurrencies—Bitcoin, Ethereum, XRP, and Solana—the short‑term technical setups suggest that bulls retain the upper hand, provided key resistance zones hold. Institutional catalysts such as spot ETH ETF approvals, rising staking yields, and growing on‑chain usage undergird this optimism. However, breakdowns beneath respective 20‑day SMAs would herald deeper corrections, testing lower supports.
For investors seeking new crypto assets and practical blockchain applications, now is a pivotal moment. Monitoring these technical thresholds in tandem with macro developments—regulatory approvals, DeFi TVL growth, and network usage—will be crucial. A breakout in the coming days could signal the next leg of the 2025 bull cycle; conversely, a failed defense of moving averages would call for caution and strategic position management.
