TLDR:

• BTC: Broke all-time highs; targeting $120k-$125k with strong momentum.
• ETH:Holding near $3,050; upside targets $3,280-$3,480.
• SOL: Breakout to $165; likely heading to $185.
• HYPE: Retesting highs; next target $50.
• AURA: Range-bound; bullish setup aiming for $0.40.

BTC:

• BTC's Open Interest has shot up as price broke out of its resistance and pushed on to $118k.
• The Funding Rate has is positive, although it's not in frothy territory.
• A major positive on this Bitcoin all-time high breakout is that the move higher was supported by a strong Spot big.

BTC's Open Interest (by USD value):

• BTC consolidated on the top border of its down trending wedge and just below the horizontal resistance of $110,700.
• The next resistance zone for price is between $120k and $125k.
• There is a CME gap between $114,300 and $115,600. It's possible BTC pulls back to this area first before pushing on to $120k to $125k zone.
• To the downside, major support would now be between $110k and $112k, however we don't expect this area to be retested anytime soon.
• The RSI is now overbought, and it is putting in a bearish divergence (higher high in price, lower high on the oscillator). This is the only negative currently, but it doesn't mean that BTC can't push on to $120k to $125k zone.

Cryptonary's Take: A fantastic breakout for BTC with price having consolidated just below all-time highs between $107k and $110k. Price has now moved into price discovery with the next major resistance potentially between $120k and $125. We have seen some Open Interest added and therefore, a brief flush could retest the CME gap before pushing higher. We continue to hold Spot positions as we expect price to grind higher (to $130k to $140k over the coming 1-2 months. Our base case is that the next 3-4 quarters will be very positive for price.

• ETH's Open Interest increased substantially upon a breakout of $2,800, although this added Open Interest has peeled back off again.
• Note: in the chart below, ETH's OI is up substantially, but this is hugely helped by the increase in the $ value of ETH.
• The Funding Rate is at 0.01%, which means traders are bias to be Long, but there aren't signs of froth yet.

ETH's Open Interest (by USD value):

• ETH broke out of the main horizontal resistance at $2,720, which was supported by a meaningful break out of its RSI downtrend line.
• On this large price move higher, ETH has now run into its horizontal resistance at $3,050. This might be a short-term stopping zone for ETH, and we might now undergo a short period of consolidation just below $3,050.
• Should a price pullback occur, we'd expect the $2,820 to $2,870 zone to be a solid area of support for price.
• If the $3,050 horizontal resistance can be breached to the upside, then the next targets would be $3,280 and $3,480.
• The RSI is now in overbought territory, and it is putting in a bearish divergence (higher high in price, lower high on the oscillator). This doesn't mean it can't extend further or remain range-bound in overbought territory for a period before it pulls back.

Cryptonary's Take:A great breakout move that has sent ETH back into the $3,000's. We're now expecting a short period of consolidation below $3,050, with the potential for a pull back to $2,820 to $2,870 zone as possible. But beyond that, we expect a breakout of $3,050 with price climbing to $3,280 to $3,480 in the coming 3-5 weeks. For those that are under allocated to ETH, we'd suggest light buys between $2,820 and $2,870.

• SOL's Open Interest is up slightly but mostly due to the $ value of SOL increasing rather than a substantial amount of leverage being added.
• SOL's Funding Rate is positive, but it's much more subdued in comparison to BTC and ETH.
• The appetite for leverage is mostly elsewhere other than ETH for now. This may be due to the launch of the Pump.Fun token coming up in the near term. This is a short-term headwind for SOL.

SOL's Open Interest (by USD value):

• After finding support at the key horizontal level of $144, price was able to breakout of the downtrend channel, and then the local downtrend line.
• Price has now broken out to the local horizontal resistance at $165.
• The major horizontal resistances to the upside are at $185 and $203. We expect a small consolidation below $165 before a move higher to test $185.
• To the downside, the $144 to $150 zone should act as a strong area of support for price should price pull back.
• The RSI has moved up from middle territory, having broken out from its downtrend line. However, it still remains well below overbought territory, and therefore it's possible that more upside can be had here.

Cryptonary's Take: Like BTC and ETH, SOL has also broken out to the upside though it hasn't moved as strongly as BTC and ETH yet. The indicators for SOL aren't overbought (unlike BTC and ETH) and therefore SOL looks the more likely candidate from here to see further upside in the immediate term. We would consider Longs or adding to Spot bags between $150 and $160 for a move up into $185. Essentially, SOL has broken out to the upside, but out if it, BTC and ETH, SOL is the one that looks like it still has further room to move higher, seeing as it has somewhat underperformed BTC and ETH up to this point.

• HYPE was seeming to struggle at the horizontal resistance of $39.40, with price also looking likely to break down from its wedge pattern.
• At $39.40, and with price finding resistance at that area, this looked like the formation of a 'Head-and-Shoulders' pattern, which would have had a bearish target of $35.00.
• Fortunately, price was able to reclaim the $39.40 horizontal resistance, invalidating both the 'Head-and-Shoulders' pattern and the rising wedge pattern.
• Price is now retesting all-time highs at $45 - $46. A breakout would take price to the psychological resistance of $50.00.
• To the downside, $39 - $40 should become a new area of support for price.
• The RSI is now just shy of overbought territory, but there is room for price to go higher still.
• The RSI however, is putting in a bearish divergence (a higher high in price and a lower high on the oscillator).

Cryptonary's Take: HYPE continues to show phenomenal strength even against bearish technical analysis setups. We'd continue to look for adds/buys for HYPE, although pullbacks have been shallow, which has meant it has been tricky to get meaningfully positioned. If HYPE pulls back 30%, we'll be looking to add more aggressively. A retest of the late $30's and that might be the trigger for us to buy more HYPE, however, we'll assess upon a retest, should we see it.

• AURA is now ranging in a new higher price range between $0.116 and $0.147.
• Price briefly broke out of the down trending pennant (turquoise lines), with price now pulling back to retest the horizontal level of $0.13 and the top border of the pennant as new support.
• Should price find support at this converging area of support, then we'd expect a move up to $0.177 soon.
• Should price break below $0.116, there is a large zone of support for price between $0.104 and $0.116.
• Price continues to form the longer-term 'Cup-and-Handle' pattern, which would suggest a breakout target of $0.40 should price breach above $0.24.

Cryptonary's Take:AURA remains range-bound between key levels, with price now settling in a higher price range between $0.116 and $0.147. On a zoomed-out view, price continues forming its 'Cup-and-Handle' pattern, which is a hugely bullish biased pattern, and it would suggest a large breakout of $0.24 which would then target $0.40 in the medium term. We remain very bullish on AURA over the long-term as it's Cryptonary's view that this is the next multi-billion $ memecoin.

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