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ETH/BTC remains under major moving averages, with resistance between 0.05–0.06 BTC, a breakout above may signal a solid reversal of the trend. A bullish divergence on the weekly chart indicates declining bearish momentum, with both RSI and Stochastic RSI flashing signs of possible price reversal. ETH/BTC is testing a major historical low, with substantial trading volume implying a fierce battle between sellers and buyers.
The TD Sequence signal has registered a buying signal, and there may be a bull cycle if XRP tests significant resistance levels. XRP trades within a downtrending channel, with a probable breakout above $2.80–$3.00, possibly pushing prices up towards $3.50–$4. The MACD signals the start of a bull crossover, and the Stochastic RSI signals a short-term correction before a rally.
Bitcoin’s price hovers near $95,582, facing risks of decline if it drops below key support levels around $95,000. A breakout above $98,000 could drive Bitcoin toward $100,000, with long-term bullish trends still intact. Bitcoin’s momentum shows signs of reversal, potentially leading to upward movement if key resistance levels break.
Helium (HNT) tests a critical $3.00 support, with traders awaiting a possible reversal or protracted bearish momentum. The RSI of 38.01 signals a bullish divergence, and the constricting Bollinger Bands suggest a probable breakout in either way. A breakout above $3.80–$4.00 can solidify bullish momentum, and a drop below $3.00 can take HNT down towards $2.50, even lower.
Bitcoin is forming a declining wedge pattern, with resistance points of $100K and targets of $110K and $120K. Market indicators, including MACD and RSI, are suggesting consolidation, with a volume-driven breakout and on the lookout for bull signals. A bearish breakdown of $93K may take Bitcoin down towards $85K–$87K, and holding on may result in a steep upswing.
Quick Take Trump’s crypto-friendly pick Howard Lutnick was confirmed by the Senate as new Secretary of Commerce. Lutnick has been leading financial services firm Cantor Fitzgerald, which has been a custodian for Tether.
- 18:24MistTrack: Beware of Malicious Google Ad Phishing ScamsForesight News reports that SlowMist MistTrack has issued a phishing security alert, having received reports that scammers are placing malicious Google ads (such as misttrack[.]tools) to trick users into signing harmful transactions. Users are advised to remain vigilant, avoid trusting unofficial links, and use anti-phishing tools to stay protected.
- 18:23Data: Ethereum PoS network exit queue for ETH rises to 699,800, with withdrawal delays exceeding 12 daysAccording to Foresight News, validatorqueue data shows that since July 16, the exit queue on the Ethereum PoS network has grown rapidly, reaching a peak of 743,800 ETH on July 26 and currently standing at 699,800 ETH, with withdrawal delays now exceeding 12 days. On July 16, the queue was only 1,920 ETH, and on July 15, there was no need to queue for exit at all.
- 18:22Everbright Securities: Stablecoins Drive Surge in Global RMB Payment ActivityForesight News reports, citing National Business Daily, that Everbright Securities has released a research report stating that the global retail cross-border payments market is expected to reach $39.9 trillion in 2024. According to FXC Intelligence, this figure is projected to grow to $64.5 trillion by 2032, with a compound annual growth rate of 6.2% from 2024 to 2032. In areas such as RMB cross-border clearing and multi-currency settlement, third-party payment institutions have become deeply integrated into the full-chain payment service ecosystem, playing a vital role. It is anticipated that stablecoins will drive the global expansion of RMB cross-border payment infrastructure and diversify application scenarios, thereby creating significant revenue growth opportunities for third-party payment companies.