Altcoins Shine as Bitcoin Trading Range Creates Uncertainty
Bitcoin is trading near $77,000, in what analysts describe as an institutional holding range rather than a breakout or decline. Solana has turned bullish on its weekly chart since August 24 and gained around 8.6% since then, trading near $103. Analysts say the trend holds as long as Solana does not close a week below roughly $78.
The token remains about 65% below its January 2025 high of $293. A recent supply change approved by the Solana community through an on-chain vote is reducing the number of tokens in circulation, which could support prices if demand continues to rise.
Hyperliquid turned bullish in April near $38 and has since gained more than 95%, reaching new highs. The platform allows users to trade stocks and crypto with leverage entirely on-chain and generates revenue from that activity, giving it a stronger fundamental base than many newer tokens.