Bitcoin surged above $76,000 on Friday and later pushed past $78,000, its highest level in ten weeks, after Iran confirmed the Strait of Hormuz would remain open during the current ceasefire with the United States and Israel. The easing of geopolitical risk helped trigger gains across the crypto market, with multiple major tokens advancing in tandem.
Large holders drive biggest accumulation since 2013
On-chain data from CryptoQuant showed that entities holding more than 1,000 Bitcoins accumulated roughly 270,000 coins over the past 30 days. That marks the largest monthly build-up by large holders since 2013, suggesting strong demand at current price levels.
Analytics firm Glassnode flagged $78,100 as a key level, describing it as the “true market mean,” an estimate of the average on-chain cost basis. Analysts said Bitcoin may face selling pressure around that zone and argued that a sustained move above it would be needed to unlock the next leg higher.
Additional technical signals from Material Indicators point to higher hurdles ahead. The firm suggested Bitcoin would need to clear the yearly open near $87,500 and then hold around the 50-week moving average, currently close to $97,000, to confirm a clear, durable uptrend. On the weekly chart, the relative strength index (RSI) remains below 41, leaving room for further improvement before momentum becomes stretched.
Ether holds key level, eyes higher resistance
Ether traded around $2,415 after withstanding a brief pullback earlier in the week. Technical charts show that a daily close above this level could open the way to $2,800, with a further target near $3,050 if buying persists.
On the downside, a break below the 20-day moving average around $2,235 could pull the token back toward support near $1,916, where dip buyers previously emerged.
XRP tests upside as it reclaims 50-day average
XRP finished Wednesday above its 50-day moving average of $1.38, pushing its RSI into positive territory and signaling improving short-term momentum. If prices remain above this level, the token could climb toward the upper boundary of its current descending channel.
A drop below $1.27, however, would indicate renewed downward pressure and increase the risk of another leg lower within the broader corrective pattern.
BNB stays firm above key support band
BNB closed above $626 on Thursday, holding above both its short- and medium-term moving averages and reinforcing a constructive bias. Continued stability could see the token challenge resistance near $687, with potential extensions to $730 and $790 if buying interest grows.
A failure to hold current levels, by contrast, would likely push BNB back into its recent trading band between $570 and $687.
Solana nears resistance, consolidation risks remain
Solana extended gains above its moving averages and is now approaching a resistance area near $98. A decisive break and close above that price could send the token toward $117, the next notable resistance region on charts.
If Solana is rejected at $98 and falls back below its moving averages, analysts expect the token to remain locked in its current consolidation phase.
Dogecoin retakes $0.10, but support remains fragile
Dogecoin bounced from its moving averages to hit $0.10 on Thursday, its highest level in several sessions. Sustaining momentum above $0.10 could allow a push toward $0.11 and then $0.12.
A reversal below nearby support, however, would leave Dogecoin vulnerable to a drop toward $0.09, where previous buying has emerged.
Hyperliquid holds breakout, targets mid-$50 range
Hyperliquid remained above its breakout level at $43.76 and traded just under $46. If buying pressure lifts the token cleanly above this zone, charts point to a potential move toward the $50 to $51.43 range.
A close below the 20-day moving average around $40.78 would instead suggest weakening momentum and could drag prices back toward $37.38.
Cardano presses against channel resistance
Cardano continued to advance within its descending channel and is now edging closer to the downtrend line that has capped rallies in recent months. A breakout above that resistance could open a path to $0.32 and, if strength persists, to $0.37.
Failure to move through the trendline would keep Cardano confined within its existing channel, signaling that the corrective structure remains in place.
Bitcoin cash struggles at near-term ceiling
Bitcoin Cash briefly climbed above its 20-day moving average at $447 but then ran into resistance around $454. As long as the pair can stay above $443, technical levels point to potential upside toward $486 and then $520.
A sustained move below $443 would weaken that outlook and increase the likelihood of a retreat toward the lower boundary of the current range near $419.
Chainlink sits at top of resistance band
Chainlink traded near the upper edge of its $8 to $10 resistance zone. A confirmed close above $10 could set the stage for a climb to $10.94 and then $11.61, according to chart projections.
If the token fails to hold above resistance and slips back under its moving averages, it is likely to extend its consolidation and trade sideways for several more sessions.
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