Popular altcoin price predictions: XTZ, CRV, ENA strong recovery surge, should we Buy the Dips on PUMP speculation pullbacks?

After Bitcoin (BTC) set a historical high of 123,000 USD last week, the altcoin market also experienced a strong recovery, with Tezos (XTZ), Curve DAO (CRV), and Ethena (ENA) performing well, but PumpFun (PUMP) saw a strong pullback, with rapid dumping being a typical sign of the speculation cycle.

The altcoin with the largest increase last week:

XTZ: Blue-chip Layer 1 blockchain soars to multi-month high

Tezos led the altcoins last week, rising over 80% from a low of $0.64. After several months of consolidation, the altcoin has finally regained the important psychological level of $1 that was lost in the first quarter.

At the beginning of this week, XTZ continued to retest the strong resistance area at $0.64. However, unlike the previous three failures, this time the price has maintained a continuous upward momentum for three consecutive trading days, indicating that the upward momentum is building.

The real turning point occurred on July 19, when XTZ surged 48.48% in just one day, marking the strongest bullish trend since last November.

It is worth noting that this breakthrough accounts for more than half of XTZ's weekly increase and pushes the RSI into the overbought zone.

If the bulls continue to increase buying pressure and the bullish momentum holds, XTZ may drop to the resistance zone of 1.2 dollars next week.

However, if the market overheats and there is dumping or profit taking, it is entirely possible for the price to fall below 1 dollar.

(Source: Trading View)

CRV: Major Supply Barriers Facing DeFi Protocols

CRV is the second largest token by price increase last week, rising 61% from an opening price of $0.61.

Interestingly, the price trend of CRV is very similar to that of XTZ. CRV broke through the strong supply zone of 0.75 to 0.85 USD and reached the milestone of 1 USD.

However, unlike XTZ, the bulls failed to keep the price above the resistance level, leading to a slight pullback of 2.17% for the day.

However, this drop is not due to any negative news, but seems to be just a pause in the upward trend that started last week.

CRV subsequently rebounded strongly, rising by 3.78% and breaking through the $1 mark, indicating that the upward trend is still continuing. However, as of the time of writing this article, the price has again fallen below that level, currently trading at $0.96. If buying pressure continues, the price may regain upward momentum, with the next target possibly being the $1.10 region.

(Source: Trading View)

ENA: The banking agreement has rebounded strongly from the bottom

ENA ranked third in last week's chart, rising 56% from a low of $0.32, which is impressive. This week marks a clear turning point on the price chart.

Last week, the market opened with prices approaching a key resistance zone - since May, ENA has failed to break through this resistance zone four times, creating a significant psychological barrier. However, after four consecutive days of steady buying, bullish momentum intensified, and FOMO (fear of missing out) sentiment erupted on July 19, causing an intraday rebound of 11.2%, which brought ENA directly into the supply zone of $0.40.

The bulls have not been hindered. ENA has made a strong breakout, rising 15.11%, with the price breaking above $0.50 for the first time since the cycle peak in January-February. Given the bullish momentum remains strong and the price structure is stable, ENA may have room for further breakthroughs. If the bulls maintain the current price range, the target price this week could be $0.65.

(Source: Trading View)

Last week's biggest drop in alts:

PUMP: A meme coin focused on practicality experiences a strong correction

PUMP ranked at the bottom last week, with a market cap dropping nearly 40%, closing at around 0.004 dollars.

The dumping is happening quickly and is expected to occur later this week—this is a typical sign of the "boom and bust" cycle.

PUMP heated up immediately after its launch, with a series of green candles appearing continuously, surging over 26% to reach $0.006.

However, when cash flow dries up, the market quickly "falls," profit-taking sharply increases, and the trend reverses downward before the weekend.

However, the price rebounded from the bottom to 0.004 USD during the trading session, rising by 8.86%, indicating that the classic "buy the dip" behavior still exists.

If the bulls continue to maintain pressure and the overall market sentiment remains risk-on, then PUMP is likely to reverse the situation and return to the ranks of growth coins.

However, this needs to be confirmed. Observe whether the price can form a solid foundation – in other words, a consolidation period of one or two trading days is needed to establish a stable base. Without this consolidation period, the recent rebound is likely just a "dead cat bounce" signaling the end of the speculative cycle.

(Source: Trading View)