Cardano (ADA), Solana (SOL), and Hyperliquid (HYPE) each posted modest recoveries following last week’s marketwide drawdown. However, momentum exhaustion has started emerging across all three tokens.
ADA price rebounded from a key support zone near $0.55, before the recovery rally started bleeding gains. On June 27, ADA price was up again, with a modest 2% spike to $0.56. SOL prices climbed above $147 after the marketwide drawdown forced the Solana token to greet its support level near $130.
HYPE somehow managed to buck the downtrend, starting its recovery a day earlier than nearly most of the wider market. However, the token stalled near local resistance. Despite the initial upside, none of the tokens have confirmed sustained breakouts, and short-term structures now suggest weakening buying pressure.
With spot volumes thinning and key resistance levels still intact, traders appear cautious as the broader crypto market enters a consolidation phase.
ADA Analysts Map Rebound Scenarios
The Cardano (ADA) price has been in a downtrend since late May 2025, and the recent market crash did not help. Many analysts took to X to highlight potential reversal setups after the crash.
According to a trader, Smith, ADA is forming a structure similar to its late 2024 breakout, when the token surged over 240% after clearing a descending trendline. He noted that the same trendline is now in play again, with a projected upside target of $2.60 if the Cardano token price breaks out.
Another X-based analysis account, Most Angry Bull, focused on the horizontal support zone near $0.58, pointing to prior range-bound activity between $0.58 and $0.70. He flagged this area as a critical test for bulls, suggesting that a successful defense could trigger a move back above resistance.
The two analysts’ predictions do help establish the $0.54-$0.58 range as a key support zone for the ADA USD pair. Moreover, another analyst, with the username Trend Rider on X, confirmed this.
Rider identified a term demand zone—referred to as a “golden box”—between $0.54 and $0.58. He marked this region as a potential entry area for intraday trades, citing historical support and volume profile alignment.
Analysts have not confirmed a breakout, but short-term reversal expectations remain active as price consolidates near accumulation levels.
SOL Price Holds Above Key Support
Solana (SOL) is trading above a key support zone near $139, with technical analysts pointing to an incomplete wave structure that could determine the token’s next directional move. Since last week’s crash, SOL has painted a near-identical price chart to ADA.
A post by analyst Man of Bitcoin shared a chart showing that the SOL price needed a final high in wave (5) of the Elliott Wave pattern to confirm that a bottom has formed.
The 1-hour structure indicated consolidation between $143 and $141, with Fibonacci retracement levels plotted at 0.236 ($143.72), 0.382 ($141.17), and 0.5 ($139.14). If the retracement is maintained, SOL price could aim at the $148–$149 region.
However, failure to break above the local high could expose SOL price to extended downside targets. A move below $139 would shift focus to lower levels near $129, $122, and $116.80.
The broader structure remains technically incomplete, and confirming trend reversal will require a clean breakout above the wave-3 top. Until then, price action remains within a corrective framework.
Meanwhile, analyst Crypto Rand noted that Solana’s CME futures volume has reached new record highs. The rise in institutional interest has renewed speculation about a spot Solana ETF, following a filing by Invesco and Galaxy seeking SEC approval.
Separately, another analyst, Koroush AK, highlighted a range structure between $127 and $180.58, with the current price holding near the lower bound. Koroush predicted that bulls remain vulnerable unless SOL reclaims the $157–$180 zone, where prior distribution occurred.
HYPE Traders Debate $32–$45 Range
Hyperliquid (HYPE) has pulled back from recent highs and is now consolidating in the $36–$38 region, which traders seem to treat as a critical support zone.
Analyst CryptosBatman highlighted that the token previously broke out of a long-term downtrend and rallied strongly, but is now retesting the $36–$38 level. Batman stated that a move toward $45 or higher remains possible if this zone holds.
Trader Neilxbt shared a descending resistance trendline on the 4-hour chart, projecting a potential short-term drop toward $32 if the price exceeds the current range.
His support region aligns with a previously tested accumulation zone, indicating the $32–$33.50 area could be the next downside target if weakness persists.
Meanwhile, blockchain data posted by X-based trader Alex highlighted large spot purchases by Galaxy Digital. According to the post, the firm reportedly accumulated $1 million in HYPE and may have $19 million in USDC left to deploy. The trades appeared concentrated around the $36.10–$36.16 range.
However, until a decisive reclaim of the $39–$40 range occurs with higher volume, the short-term bias remains range-bound and vulnerable to further dips.
It seems ADA, SOL, and HYPE would need strong bullish cues to break out of the bearish rut that the tokens have entered.
