The crypto market has seen a sharp bounce over the past week, with Bitcoin, Ethereum, XRP and Solana all recovering after steep sell-offs. But is this a real trend reversal or just a temporary relief rally?
Gareth Soloway, Chief Market Strategist at VerifiedInvesting.com, has released a fresh analysis outlining what he believes comes next for the four major crypto players.
Bitcoin: Relief Rally Before a Bigger Drop?
According to Soloway, Bitcoin’s recent bounce was expected because the asset had become deeply oversold and had fallen into a strong support zone created by months of sideways trading. But despite going long at the lows, he is not expecting new all-time highs anytime soon.
Soloway points to a long-term trend line stretching back to the 2017 bull market. Every time Bitcoin has hit this line, it has triggered a sell-off. This time was no different, as BTC broke major support near the $100,000 zone and is now attempting to retest that same level.
He expects Bitcoin to climb toward the $100,000 area again, but warns that the level is now powerful resistance. A rejection there could send BTC back toward the $73,000–$75,000 range.
Ethereum: A Strong Technical Rebound?
ETH had fallen back into a major historical resistance-turned-support area, where it repeatedly bounced in previous cycles.
Once ETH hit this zone, it snapped upward. Soloway expects further upside toward $3,200–$3,300 before it hits meaningful resistance. While ETH could push higher, he is choosing a conservative target due to uncertainty in the stock market, which often correlates with crypto movements.
However, Ethereum’s technical structure remains stronger than Bitcoin’s in the short term.
Solana: A Bounce Toward $150?
Solana also triggered a long entry after hitting a major pivot support. The bounce has already placed the trade in profit, but Soloway warns that Solana is far from out of danger.
He expects SOL to rise toward the $150 zone, which lines up with a cluster of previous lows and breakdown points. That region is expected to act as firm resistance.
Afterward, he believes Solana could revisit the $100 level later this cycle, especially if Bitcoin begins its next corrective phase.
XRP: Bullish Pattern Forming as the Market Stabilizes
XRP’s chart is forming a small bull flag, and Soloway shows a clear trading range between strong support below and solid resistance around $2.65–$2.75.
The asset has been behaving like a “ping-pong chart,” bouncing sharply between support and resistance levels multiple times over the past months. XRP could attempt another move upward toward its resistance zone in the coming days.
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