Band Protocol (BAND), dYdX (DYDX), and Tokocrypto (TKO) have all staged sharp recoveries in recent sessions, buoyed by a renewed bullish wave across the crypto market.
BAND broke above $0.70 after weeks of tight consolidation, with the token rising over 35% since July 5. DYDX reclaimed the $0.62 level after bouncing from sub-$0.50 lows, while TKO extended its breakout to $0.157, up more than 35% in two weeks.
The move came as Bitcoin surged past $123,000 on July 14 to set a new all-time high, triggering broad upside in altcoins as risk appetite returned. With majors gaining strength, traders have begun rotating into smaller caps, showing early structural shifts.
BAND Protocol Breakout Sparks 2x Upside Projections
BAND Protocol has broken above a long-standing descending trendline, raising the odds of a mid-term rally after months of compression. On July 14, BANDUSDT surged past $0.73, triggering interest from analysts who believe the move could begin a broader bullish trend.
Captain Faibik projected a 100% upside toward the $1.40 region, calling the structure “extremely bullish for the mid-term.” His chart showed a falling wedge with a clear breakout underway.
The shift follows nearly eight months of sustained decline, with BAND locked inside a tight downtrend channel.
Another analyst, GeneralYayu, emphasized the importance of confirmation after a breakout, urging traders to wait for a close above resistance with rising volume. The analyst shared a chart that set a target for the BAND price near $2.30, with a stop-loss recommendation below $0.60 to manage risk.
BAND Protocol’s recovery coincides with improving sentiment across low-cap altcoins, but the above analysts stressed that the move remains technical. Faibik and GeneralYayu flagged volume expansion on the breakout as a key validator.
Adding to the bullish momentum, Band Protocol completed a key network upgrade this week, resuming full oracle services after scheduled maintenance.
The upgrade enhances the platform’s data feed reliability and improves performance for DeFi integrations, reducing operational risk for protocols relying on BAND. This restored functionality could accelerate adoption and add a fundamental tailwind to the token’s recent technical breakout.
DYDX Could Target $6 Supply Zones
DYDX is another token, like BAND, that has turned analysts bullish. After bottoming out near $0.50, the token started flashing signs of a potential trend reversal.
Analyst Sina Sipani flagged a major structural breakout above a multi-year descending resistance. The analyst’s chart identified a strong double bottom at $0.50, hidden bullish divergence on the RSI, and a possible move through the $2.5 to $3.5 supply zone. He believes a mid-term move to $6 is now in play.
The breakout followed more than 900 days of steady decline. Volume has started to pick up, and DYDX is trading above $0.60 for the first time in weeks.
Independent trader Max Polo noted that the price action comes after a prolonged accumulation phase. In his view, the breakout confirms renewed market confidence in dYdX’s new chain and its positioning as a leading decentralized derivatives platform.
Sipani shared a chart showing a long-term descending trendline that the DYDX token had broken above. The analyst predicted a retest of $2.50 in the coming months, contingent on DYDX holding current levels. The daily chart’s RSI has also shifted above 60, signaling that momentum has now turned in the bulls’ favor.
While long-term resistance levels remain far above, the recent rally has realigned the token’s price structure. Analysts believe the move is less about hype and more about quiet structural accumulation — a pattern that typically precedes breakout rallies when supply zones start thinning. DYDX now needs to confirm the trend with higher lows in the coming weeks.
TKO Faces Warning Signs as Hidden Bearish Divergence Emerges
Tokocrypto’s recent breakout above $0.15 may be losing momentum. After a sharp two-week rally that pushed TKO up over 35%, signs of exhaustion started to surface. Analyst Yashu Gola flagged a hidden bearish divergence on the daily chart, where price formed a lower high while the RSI marked a higher high—a technical setup often preceding downside.
Gola warned that such divergence can trap late buyers, especially when major caps like Bitcoin continue to attract most of the market’s inflows. The analyst highlighted weakening momentum even as TKO moved higher, suggesting that buyers may be running out of steam. Without a clean breakout or volume confirmation, the divergence stands out as a warning rather than noise.
Unlike DYDX and BAND, which broke above long-term resistance levels, TKO’s structure remains unconvincing. It hasn’t reclaimed any key horizontal levels, and its broader trend remains bearish. The recent upside move appears more reactive than structural.
If bulls fail to flip resistance into support soon, the divergence could trigger a sharp correction back below $0.14. Until then, short-term upside looks limited. TKO now needs to invalidate the bearish setup quickly to avoid losing the momentum it just regained
