Analyst Dylan, in his market assessment on July 7, 2025, noted Bitcoin's stability trading around $108,000. He shared insights on investing in altcoins during this period.
Prospects for Solana and Ethereum
The analyst pointed out Solana's importance, which recently tested the support level at $150. As long as the price remains above $146, a target range of $160-165 is plausible. Dylan highlighted that Solana is set to be a favorite in the coming altcoin season due to its high transaction capacity and active developer involvement.
Ethereum is holding the 200-day moving average at $2,490. With robust network activity, Dylan anticipates that ETH will start the upward movement first, bolstered by stable staking yields, reinforcing investor confidence in this major altcoin.
Analysis of XRP and SUI
Regarding XRP, attention is focused on the 200-day average which has temporarily halted the price. A bounce from this level is anticipated. Dylan indicated support zones at $2.31-$2.295 for potential pullbacks, noting the price remains sensitive to news amid reduced regulatory uncertainties.
For SUI coin, Dylan identified initial defense at $2.78 and a stronger demand zone at $2.60, suggesting these levels offer relatively limited risk for long-term investors, but cautioned that these supports could easily be breached if trading volume declines.
Altcoins in the Meme Space
Dylan also observed Bonk (BONK) gaining momentum through smart wallet flows while Popcat (POPCAT) tries to hold at the $0.285 support. If the altcoin momentum continues, short-term upward movements are expected for both BONK and POPCAT.
In the gaming segment, Dylan predicted Virtuals Protocol (VIRTUAL) could produce a short response of 5-8% due to intersecting trend lines and averages at $1.47. He advised limiting position sizes in highly volatile altcoins like VIRTUAL in the current environment.
In conclusion, analyst Dylan highlighted several altcoins that may present good investment opportunities amid Bitcoin's stability. Investors are advised to stay alert to changes in trends and support levels.
