The beginning of August hasn’t been overly type to the crypto market. After a comparatively sturdy July, the broader market cap has taken a success, with most altcoins slipping into the purple. Ethereum has dropped 9.5% month-on-month. XRP is down 9.1%, whereas DOGE leads the highest 10 losers with a 19.1% dip. Merchants are once more on edge, questioning if one other leg down is coming.
However not all altcoins are wanting weak. Regardless of the uneven begin, a couple of names are displaying resilience and energy, holding close to their all-time highs or pushing towards them. Backed by on-chain energy and narrative momentum, listed here are three cash that would make recent all-time highs in August.
BNB (BNB)
Amongst prime market cap altcoins, BNB at present reveals one of many strongest technical positioning. It now sits simply 12.3% beneath its all-time excessive.
What units BNB aside is its minimal drawdown development all through 2025. It has by no means dropped greater than 30% beneath its all-time excessive, in line with year-to-date drawdown information. This constant resilience is a uncommon feat in a market identified for volatility.
Investor confidence has been buoyed by actual utility throughout the Binance ecosystem, and up to date 11% month-on-month development in DeFi exercise on BNB Chain reinforces its on-chain momentum.
BNB is at present buying and selling round $753, holding simply above $731, a key assist zone derived from the Fibonacci retracement between the June swing low of $601 and the latest peak close to $809.
- If $731 holds, the following key resistance is at $762, the place BNB beforehand consolidated earlier than its final breakout.
- A clear transfer previous $762 opens the door for a retest of the $800–809 zone.
Be aware: There isn’t any sturdy technical resistance degree between $800 and $861, strengthening BNB’s case for a brand new all-time excessive if $800 is re-breached.
With sturdy structural assist, restricted historic draw back, and steadily rising DeFi utilization, BNB is likely one of the prime altcoins for a recent all-time excessive this month, offered broader market stability continues.
For token TA and market updates: Need extra token insights like this? Join Editor Harsh Notariya’s Day by day Crypto Publication right here.
HYPE (Hyperliquid)
Hyperliquid is rapidly rising as a severe contender within the DeFi derivatives area. With a complete worth locked (TVL) of over $2.06 billion, it’s at present forward of main platforms like dYdX, which holds round $263 million. The protocol has additionally climbed into the highest 10 DeFi ecosystems by TVL.
When it comes to latest efficiency, HYPE is down simply over 24% from its all-time excessive of $49.92, which was made a couple of weeks again. Nevertheless, its three-month achieve nonetheless stands at a large 86.8%, displaying that the broader uptrend remains to be intact regardless of a 15.3% drop within the final seven days.
One of many key technical validations in the direction of a brand new all-time excessive comes from the Bull Bear Energy (BBP) indicator. On the time of writing, BBP is displaying the identical sample proper earlier than the worth rallied by over 60% from round $30 to just about $50. The present sample mimics that conduct, with BBP displaying related bear exhaustion. If that setup repeats, a powerful reversal shouldn’t be off the desk.
On the value degree, HYPE is consolidating just under the 0.618 Fibonacci retracement degree, marked at $38. This zone is being intently watched, as a flip of this resistance may open the way in which towards $42 and probably again to the highs. Notably, the $35 area additionally acts as a powerful psychological and structural assist. Do word that it was the bottom for the final breakout.
TRX (Tron)
Tron has remained one of many few altcoins displaying resilience via the latest market volatility. It has clocked a gradual 2.4% achieve up to now week when most massive caps bled out. On a broader development, it has climbed over 17% within the final month. It now sits simply 23.82% beneath its all-time excessive of $0.43, final hit 8 months in the past.
What strengthens TRX’s bullish thesis is a placing fractal from later 2024. It intently mirrors the one which fashioned earlier than its earlier main rally, a set of upper highs in value. The value doubled from the highest of the 2024 fractal, peaking above $0.40. Immediately, an analogous fractal is forming once more.
Even within the newest leg, the rally from $0.25 to $0.33 was adopted by a wholesome retracement to $0.30. Utilizing a trend-based Fibonacci extension on the 2-day chart, this correction seems textbook, and the continued construction places $0.34 as a key resistance degree.
A clear breakout above this threshold may set the stage for a rally towards $0.42 (1.618 extension), probably testing and even breaking the earlier all-time excessive.
Ought to the fractal totally play out, a 100% transfer wouldn’t be off the desk, putting TRX close to the $0.70 mark. What reinforces this chance is a hidden bullish divergence on the each day chart, with value making greater lows whereas the RSI tendencies decrease; a continuation sign that helps the uptrend’s persistence.
Lastly, the sentiment round Tron benefited from a extremely seen second earlier this month, when Justin Solar accomplished his industrial spaceflight aboard Blue Origin’s NS-34 mission.
The publish 3 Altcoins That Can Hit All-Time Excessive In August appeared first on BeInCrypto.