Zora Launches Attention Markets on Solana: How Users Can Trade Trending Topics
Share
Key Takeaways
ETH has formed a bull flag that could break out amid strong support below the lower trendline.
XRP price has formed a double bottom, suggesting that the altcoin’s bounce to $4 is possible.
SOL’s daily chart shows a bullish divergence, indicating that a decline to $138.05 might not happen.
After a standout in July that saw Ethereum (ETH), XRP, and Solana (SOL) notch huge gains, traders are asking the obvious question: Can these cryptos extend this momentum into August 2025?
Bullish on-chain signals, technical breakouts, and renewed market optimism fueled July’s rally. But with macro uncertainties and altcoin rotation in play, the path ahead may not be as straightforward as the past month’s surge.
In this outlook, CCN breaks down key technical setups and market catalysts for ETH, XRP, and SOL, revealing what lies ahead for their prices this month.
Ethereum (ETH)
In July, ETH posted one of its strongest gains of the year. Within the same month, Ethereum’s price rose from $2,410 to $3,889 amid increasing calls for $4,000.
While Ethereum has seen a brief pullback, the technical setup suggests it could be primed for a rebound in August. On the daily chart, ETH has carved out a bull flag.
This formation typically signals trend consolidation before another push higher. If ETH can hold key support and break above the flag’s upper boundary, it could set its sights on fresh monthly highs.
Try Our Recommended Crypto Exchanges
Sponsored
Disclosure
We sometimes use affiliate links in our content, when clicking on those we might receive a commission at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy.
Besides that, the green line of the Supertrend is below ETH, indicating strong support. If the cryptocurrency sustains this momentum, the price might rise to $4,105.
This prediction also aligns with that of Ray Youssef, CEO of crypto exchange NoOnes.
“Technically, ETH is showing resilient technical strength. By holding above the $3,750 breakout zone, Ether is showing that bulls are not in a hurry to take profits and believe that there is still significant room for another phase of price discovery. If buyers can maintain this momentum above $3,750, the next real test will come at the resistance in the $4,100 range,” Youssef told CCN.
However, Youssef warned that Donald Trump tariffs could affect this and trigger high volatility.
Looking at the chart again, Ethereum could rally toward $5,785 in the long run if broader market conditions remain bullish. A sustained breakout from its current bull flag would reinforce this upside scenario.
Conversely, ETH risks breaking below $3,523 if selling pressure intensifies, a key support level. In a highly bearish case, the cryptocurrency could slide further to around $3,066, erasing much of its recent gains.
XRP
XRP was one of the top altcoins that reached a new all-time high in July. During that period, its price rose by over 40% amid rising demand and positive news about the cryptocurrency.
However, at press time, XRP has dropped below $3. From a technical perspective, the 4-hour chart shows that XRP’s price has formed a double-bottom pattern, which is a bullish pattern.
In addition, the Chaikin Money Flow (CMF) has held its ground above the zero signal line, which indicates that bears are not yet in control.
If this trend continues, XRP’s price might bounce to $3.67. It could also hit $4 by August. On the contrary, if bears outpace bulls, the cryptocurrency could slide to $2.32.
Solana (SOL)
Unlike XRP, Solana’s price fell short of retesting its all-time high last month. Still, the altcoin logged an impressive milestone by surpassing $200 for the first time in months.
Now, on the daily chart, SOL has carved out an inverse head and shoulders pattern — a bullish reversal formation that signals the end of a downtrend and the start of a fresh leg higher.
If SOL can break decisively above the pattern’s neckline with rising volume, it could open the door for a sustained rally in August. Besides that, SOL has formed a bullish divergence as the CMF is above zero amid the recent price decline.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Victor Olanrewaju is a crypto analyst and reporter at CCN with deep roots in on-chain research and technical analysis. His crypto journey began in 2017, but it was the 2020 Uniswap airdrop that sparked a full-time pivot into the space.
With a foundation in copywriting, Victor honed his craft creating high-converting content for leading crypto brokers — most notably an XRP price prediction that ranked #1 on Google during the 2021 bull run.
He later joined AMBCrypto in 2022, where he combined storytelling with technical and on-chain analysis to cover key market narratives.
In 2024, he expanded his expertise at BeInCrypto, collaborating with analysts and using tools like Glassnode, Santiment, and IntoTheBlock to break down Bitcoin and altcoin trends.
At CCN, Victor covers the top cryptocurrencies, memecoins, macro shifts, blending real-time insights with deep-dive metrics.
He holds a Bachelor’s degree in Physics from the University of Ibadan, equipping him to simplify complex data for a wide audience. Follow his work or connect on LinkedIn or X.
