
Jakarta, Pintu News – The crypto market is enjoying a new wave of bullish sentiment. Since yesterday, the total market capitalization increased by 1.54% to $3.95 trillion. This surge was supported by a sharp 34.36% increase in trading volume, which now stands at $161.21 billion.
This rise was fueled by a combination of regulatory clarity following Trump’s enactment of the GENIUS Act, as well as large institutional flows into the Ethereum ETF, which attracted $1.85 billion-much higher than the Bitcoin ETF, which only received $72 million.
Despite the growing optimism, it’s not quite altcoin season yet, as the Altcoin Season Index still stands at 42 out of 100.
However, with triggers such as the FOMC meeting on July 29-30 and the SEC’s decision regarding the Bitwise ETF on July 31, attention is now on which altcoin has the potential to surge next.
Looking for potential altcoins to score big next month? Sui, Litecoin, and Solana are the prime candidates expected to lead the market rally this week.
The Sui token has been performing quite solidly lately, climbing up to $4.22 with a 5.8% gain in the past week. Its market capitalization now stands at $14.6 billion, supported by a daily trading volume of $2.58 billion which jumped nearly 18%.
Read also: What Crypto to Buy Now: These 3 Altcoins Ready to Explode 50x in August?
Of particular interest is Sui’s successful breakout of the descending broadening wedge technical pattern. This technical shift is in line with the surge in activity of Sui’s DeFi ecosystem, which recorded $10.3 billion in DEX volume during July-a remarkable 657% year-on-year increase.
Adding to the positive sentiment, there is a new ETF proposal from Canary Capital currently under review by the SEC, which has rekindled optimism among speculative investors.

Technically, SUI is currently struggling to break out of the resistance zone around $4.75. If the breakout is successful and confirmed, Sui’s price could surge towards its record high of $5,517.
However, if selling pressure increases, the price could potentially drop to the $3.50 range. The RSI indicator is now at 64.73-slightly below the overbought limit-signaling that there is still room for further upside.
Currently trading at $114.12, Litecoin is showing a modest recovery after falling 3.5% earlier this week.
On July 28, LTC rose 1.44%, bringing its market capitalization to $8.72 billion, driven by a 30.9% jump in daily trading volume, which now stands at $650.5 million.
Technically, Litecoin seems to be preparing for a bounce back. The price bounced off the $105 support level, and the MACD indicator is showing a bullish signal.

The Bollinger Bands are starting to widen, signaling increased volatility and a possible breakout above the $124 resistance zone, with the potential to reach $131.18. In the event of a decline, the next area of support is around $103.80.
On the institutional side, Litecoin started to attract attention after MEI Pharma allocated $100 million into LTC as part of their crypto treasury.
Coupled with the positive sentiment regarding ETFs and the 90% chance of altcoin fund approval, Litecoin’s rise may happen sooner than expected.
Read also: Major Liquidations Loom for These 3 Altcoins — Is It Time to Sell?
The price of Solana rose to $191.79, a daily gain of 3.13%. Solana now has a market capitalization of $103.66 billion, with a daily trading volume jump of 82.4%, reaching $6.4 billion.
SOL has just re-secured the crucial support level of $190, following a $311 million inflow of institutional funds in just over a week.
Technically, Solana’s market structure looks bullish. SOL has retested the breakout zone and formed a higher low, which classically signals the continuation of the uptrend.

The RSI is currently at 63.69, still in bullish territory. The next upside target is estimated at $209.18, with the support area being around $182.57.
Fundamentally, Solana ecosystem activity is surging thanks to meme coin fever, increasing NFT utility, as well as Alpenglow protocol upgrade plans. All of these contribute to increased user participation and transaction fees on the Solana network.
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*Disclaimer
This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.
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