Bollinger Band Squeeze in Bitcoin Mirrors February Setup; XRP, SOL Continue Downtrend

Bitcoin’s Bollinger Bands Tighten Sharply, Signaling Imminent Volatility

Bitcoin’s price action is tightening, with Bollinger Bands narrowing to their tightest range since February — a technical signal that a major move could be just around the corner.

BTC continues to trade within a narrow band between $116,000 and $120,000. Historically, such low volatility has preceded explosive price swings. Earlier this year, a similar squeeze led to a swift drop from $95,000 to $80,000.

This setup aligns with seasonal patterns pointing to increased volatility in August, as reflected in the VIX. A break below $116,000 could trigger a slide toward $111,965, while a breakout could send prices to new record highs.

• Resistance: $120,000, $123,181
• Support: $116,000–$117,000, $114,700, $111,965
• AI View: Volatility compression after a strong rally suggests a large directional move is likely in the near term.

XRP Prints Lower High, Bearish Momentum Builds

XRP declined 3.6% on Monday, forming a bearish candlestick with a long upper wick — a clear sign of selling pressure. The token has now formed a lower high at $3.33, following the $3.65 peak earlier this month.

This bearish structure, paired with a tweezer top formation, suggests further downside risk. A move below $2.95 could expose the $2.65 level. To shift sentiment, XRP would need to reclaim the $3.35 resistance zone.

• Resistance: $3.35, $3.65, $4.00
• Support: $2.95, $2.65, $2.44 (200-day SMA)
• AI View: The lower high and failure to break resistance reinforce a bearish technical bias.

Ether Faces Bearish RSI Divergence as Momentum Fades

Ether’s recent price surge is losing steam, with bearish divergence forming between its price and the Relative Strength Index (RSI). At the same time, the MACD histogram is nearing a bearish crossover, further suggesting waning momentum.

The July 24 higher low at $3,510 is a key support to watch. If that level breaks, ETH could be on track to test $3,000.

• Resistance: $4,000, $4,100, $4,382
• Support: $3,731, $3,510, $3,000
• AI View: Bearish momentum divergence signals a likely pullback unless bulls regain control quickly.

Solana Confirms Reversal With Lower High and Channel Breakdown

Solana has mirrored XRP’s bearish pattern, establishing a lower high at $195 following a tweezer top formation around $205–$206. The asset has now broken below its short-term ascending channel and fallen out of the Ichimoku cloud on lower timeframes.

This breakdown suggests SOL’s path of least resistance is to the downside unless it can recapture the $195 level. Key support now sits at $184, with deeper levels at $163 and $126.

• Resistance: $195, $205–$206, $218
• Support: $184, $163, $126
• AI View: The pattern of a tweezer top followed by a lower high points to a likely trend reversal.