Bitcoin (BTC) dipped below the $115,000 support level on Friday, though analysts suggest limited downside potential due to aggressive institutional accumulation. Bitcoin Treasury Companies have amassed over 791,662 BTC worth $93 billion as of July, per Galaxy Research, signaling strong institutional confidence. Historically, BTC has posted August gains of 30%, 65%, and 14% in post-halving years (2013, 2017, 2021), fueling predictions of a rally toward $123,218 if it rebounds from the $115,000-$110,530 support zone.
Ethereum (ETH) faces pressure after failing to breach $4,000, closing 4% lower weekly. U.S. spot ETH ETFs recorded $5.43 billion in July inflows—a sharp rise from June's $1.16 billion—highlighting sustained institutional interest. Key support lies at the 20-day SMA ($3,590); a breakdown could trigger a slide to $3,300.
Altcoins show mixed signals: XRP struggles below $3.00, risking a drop to $2.50-$2.70 if support at $2.95 fails. Cardano (ADA) fell 10% weekly, testing the 50-day SMA ($0.67), with $0.64 as critical support. Solana (SOL) lost 6%, eyeing $150-$164 support after rejection at $200. BNB hovers near its 20-day SMA ($761), needing to reclaim $794 to target $861. Dogecoin (DOGE) battles the 50-day SMA ($0.19), with breakdown risks toward $0.14.
Hyperliquid (HYPE) dropped 7% weekly, breaching an ascending channel and threatening $40 support. Stellar (XLM) tests the 50% Fibonacci level ($0.37), while Sui (SUI) consolidates between $3.51 and $4.44. Analysts emphasize that holding identified supports is crucial to avoid deeper corrections.