Market Recap: Signs of Recovery After Strategic Pullback
The total crypto market capitalization has rebounded to approximately $4 trillion, recovering from earlier-week losses as Bitcoin regains momentum above the $118K level. The pullback seen in recent sessions is now widely viewed as a healthy rotation, rather than a broader bearish reversal.
Institutional interest remains steady, buoyed by strong ETF inflows and progress in U.S. crypto legislation. Liquidity remains concentrated in large-cap tokens, though altcoins are showing signs of stabilization, with on-chain activity suggesting quiet accumulation across several sectors.
Bitcoin (BTC): Reclaims $118K, Pushes Toward $120K
Bitcoin is trading at around $118,216, up 0.5% over the past 24 hours. The recovery has placed BTC back in bullish territory as realized market cap crosses $1 trillion, marking a significant milestone in this cycle.
After testing sub-$116K support zones, Bitcoin’s dominance remains over 61%, indicating continued institutional confidence. Analysts are watching the $119K–$120K zone as the next key level; a clean breakout could accelerate upside toward $123K–$125K if macro conditions remain supportive.
Ethereum (ETH): Solid Base Near $3,800 Backed by ETF Strength
Ethereum has bounced back to trade near $3,777, with recent price action suggesting strength above the $3,700–$3,750 support band. Continued ETF demand and confidence in Layer‑2 solutions like Arbitrum and Base are underpinning Ethereum’s structure.
Leverage ratios have declined slightly, lowering volatility risk. A sustained move above $3,800 could pave the way for retests of the $3,850–$3,900 zone in the short term.
Solana (SOL): Maintains Structure After Post-Rally Pullback
Solana currently trades at around $187.33, recovering after a brief 5–6% drop earlier this week. Despite recent profit-taking, SOL’s structure remains strong, and the $185 level is acting as a technical floor.
With Solana’s NFT ecosystem showing renewed interest and DePIN narratives gaining traction, a rebound above $190 may open up a path toward $200+, especially if Bitcoin maintains directional strength.
XRP: Technical Reversal in Progress After 12% Dip
XRP has rebounded to $3.20, stabilizing after a 6–12% pullback from the recent highs around $3.60. Momentum indicators are improving, and usage in remittance corridors, especially in Asia and Latin America, is supporting long-term conviction.
Short-term resistance lies at $3.50, and if XRP maintains support above $3.10, a bullish continuation may emerge with ETF-related catalysts in view.
Dogecoin (DOGE): Accumulation Zone Forms as Sentiment Levels Out
Dogecoin is up slightly at $0.2395, showing early signs of stabilization after a sharp dip. While meme coin hype has cooled, whale wallets are quietly accumulating, and DOGE’s technical setup is beginning to form a base near the $0.23–$0.24 range.
Should it break above $0.25, a move toward $0.27–$0.28 could follow, contingent on renewed community and social media momentum.
Cardano (ADA): Still Rangebound, But Technical Setup Matures
Cardano is holding steady at $0.8298, with its price tightly coiled between $0.82 and $0.85. Developers continue to roll out enhancements like Hydra and Mithril, but lack of a major catalyst has capped recent upside.
A confirmed breakout above $0.90 may kickstart fresh flows into ADA, though traders remain cautious until stronger volume confirms direction.
Shiba Inu (SHIB): Calm Under Pressure, Community Holds the Line
SHIB is trading flat near $0.00001408, holding support despite broader meme coin weakness. The Shibarium Layer‑2 network continues to deliver stable usage, and ongoing token burns are maintaining token supply pressure.
Upside targets are modest, with resistance near $0.00001450. A meme-sector revival would be required to reignite broader momentum.
SUI: Quietly Outperforming on Chain Strength
SUI stands out among altcoins, trading at $4.20 with technical strength and solid on-chain metrics. High developer activity, particularly around Move-based dApps, is driving continued growth in user and transaction metrics.
If current strength holds, SUI could challenge resistance between $4.40 and $4.50 in the coming days.
Kaspa (KAS): BlockDAG Bullishness Holding Firm
Kaspa remains at $0.09919, consolidating in a healthy manner near its recent highs. Its BlockDAG architecture continues to attract speculation and builder activity, especially in regions interested in scalable consensus models.
If broader sentiment lifts mid-caps, KAS could retest $0.11–$0.12, especially with increased liquidity entering smaller market cap tokens.
Pi Network (PI): Still Awaiting its Moment
PI Network is trading flat near $0.4405, as the project remains in closed beta with no major centralized exchange listings yet. Despite muted price action, Pi maintains a large grassroots user base and potential for surprise announcements.
Should mainnet or listing news emerge, PI may quickly revisit $0.50–$0.55 levels due to pent-up speculative demand.
Snapshot Overview: Market Movements (July 26)
| Token | Price | Daily Change | Key Narrative |
|---|---|---|---|
| BTC | ~$118,216 | +0.5% | Reclaiming major resistance |
| ETH | ~$3,777 | Steady | Staking and ETF flows |
| SOL | ~$187.3 | Flat | Structural resilience |
| XRP | ~$3.20 | Rebound | ETF speculation builds |
| DOGE | ~$0.2395 | Slight rise | Whale base formation |
| ADA | ~$0.830 | Flat | Awaiting DeFi catalyst |
| SHIB | ~$0.00001408 | Flat | Burn pressure remains |
| SUI | ~$4.20 | Uptrend | Developer growth strong |
| KAS | ~$0.0992 | Stable | BlockDAG narrative alive |
| PI | ~$0.4405 | Flat | Speculative quiet phase |
Looking Forward: Options Expiry, Regulatory Themes, and ETF Watch
The $14.6 billion BTC and ETH options expiry today is expected to influence intraday volatility. Analysts see today’s movement as part of a healthy, rotation-driven recovery rather than a reversal. ETF-related flows, particularly around spot ETH funds, continue to support majors.
Meanwhile, regulatory progress in the U.S., including the Clarity Act and ongoing debates around stablecoin frameworks, is laying the groundwork for a more mature crypto environment. Should legislative clarity continue, altcoins could benefit from renewed investor confidence.
As the market enters August, focus will shift to:
- Continued ETF inflow levels
- Ethereum and Layer‑2 staking dynamics
- Institutional behavior across Bitcoin
- Ecosystem growth for tokens like SUI and KAS
