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Cryptocurrencies Price Prediction: Solana, Ethereum & Cardano – American Wrap 08 July

FXStreet Team FXStreet

These two altcoins may decouple from Bitcoin and target new highs

Solana price releases from a symmetrical triangle continuation pattern and recaptures tactically important moving average. Compound price building the right shoulder of an inverse head-and-shoulders pattern, consolidating 170% rally. Meanwhile, Bitcoin price languishing near the June correction lows, void of any sustainable, impulsive bid. The decentralized finance (DeFi) space has been a reservoir of exciting trading opportunities since June 22. Based on the charts, SOL and COMP stand out for their relative strength and future potential to decouple from the flagship cryptocurrency, Bitcoin.

Ethereum Price Prediction: ETH decline just beginning, primed to fall another 20%

Ethereum price triggers a rising wedge pattern with a resounding decline of over 7% at the time of writing. Rumors of a delay for the London hard fork have been presented as the reason for today’s fall, but the charts already offered clear evidence that ETH was ready for a decline. Based on the price structure, not the rumors, the smart contracts giant could decline a further 20%.

Cardano Price Forecast: ADA could drop to $1.28

Cardano price looked promising for more upside at the beginning of the week. Sentiment shifted today after the US Federal Reserve FOMC-minutes showed worries for investors. ADA is looking for a retest of $1.28 or a 6.5% correction. Cardano price opened the trading session this Thursday morning with a few worries. Most indices are in the red after the FOMC minutes published on Wednesday. Markets look to go for some risk-off today, and ADA is taking the punches.

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FXStreet Team

FXStreet

Cardano Price Analysis: Approaches key trendline amid bearish sentiment

Cardano (ADA) price is approaching its descending trendline around $0.28 at the time of writing, set to shape the next directional move. The derivatives metrics paint a bearish picture, with ADA’s Open Interest continuing to fall and short bets rising among traders.

Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000

Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly.

Trump presses Congress on CLARITY bill after meeting with Coinbase CEO

US President Donald Trump is urging legislators to pass the CLARITY Act after allegedly meeting with Coinbase CEO Brian Armstrong amid growing dispute over stablecoin yields.

Ethereum Price Forecast: ETH jumps alongside a spike in open interest, realized price could limit upside

Ethereum (ETH) has jumped above $2,100 on Wednesday, following a general recovery across the crypto market. The move was accompanied by a spike in Ethereum's open interest, which has increased to 13.43M ETH — its highest level since January 31. The top altcoin's OI has been rising since February 19, adding 1.2M ETH over the past two weeks.

Bitcoin Price Annual Forecast: BTC holds long-term bullish structure heading into 2026

Bitcoin (BTC) is wrapping up 2025 as one of its most eventful years, defined by unprecedented institutional participation, major regulatory developments, and extreme price volatility.

Bitcoin: Another month of losses, and it’s been five

Bitcoin (BTC) price is stabilizing around $68,000 at the time of writing on Friday, but the Crypto King is poised to close February on a fragile footing, marking its fifth consecutive month of losses since October and a rare start to the year with back-to-back monthly corrections.