Bitcoin is finding support near $117,000, with a year-end target near $200,000. Ether is likely to find support near $4,094, with spot exchange-traded funds recording over $2.9 billion in net inflows. BTC and ETH strength suggest a potential altcoin season coming up in September.

BTC has pulled back to the 20-day EMA ($117,485), a critical near-term support. A bounce signals buying on dips, with a potential rally to $135,000. Conversely, a close below the 20-day EMA could lead to a dip to $110,530, signaling a short-term top.

ETH is facing selling near $4,788, with potential support at $4,094. A rebound could send the price soaring towards $5,000 and $5,662. However, a downturn from the overhead zone and break below $4,094 might lead to a drop to $3,745.

XRP turned down below the 20-day EMA ($3.11), with potential support at $2.73. A break and close above $3.40 could push the price to $3.66. However, sustained selling pressure may lead to a potential drop to $2.73.

BNB surged above $861 but couldn’t hold, pulling back towards the 20-day EMA ($794). A rebound could send the price to $900 and $1,000, while a close below the 20-day EMA might lead to a drop to $732, signaling a potential double-top pattern.

Solana turned down from $210, nearing the 20-day EMA ($180). A rebound could push the price towards $210 and $240, while a break below the 20-day EMA suggests a range between $155 and $210.

Dogecoin fell to the 20-day EMA ($0.22) after turning down from $0.26. A bounce could send the price to $0.29 and $0.35, while a break below the moving averages may keep the price within the $0.14 to $0.29 range.

Cardano surged above $0.94 but faced resistance near $1.02. A break above $1.02 could push the price towards $1.17 and $1.25, while a drop below the 20-day EMA ($0.81) might lead to a decline to $0.73.

Chainlink turned down from $24.74, with potential support at $20. A break below $20 could send the price to $18, while a move above $24.74 might resume the uptrend towards $27.21.

Hyperliquid re-entered the ascending channel pattern but struggled to sustain higher levels. A move below the moving averages may lead to a drop to $36, while a push above $50 could send the price towards $64.

Stellar turned down from $0.47, with a battle near the 20-day EMA ($0.42). A drop below could lead to a decline towards $0.34, while a break above $0.47 might signal a rally to $0.52.

Read more at Cointelegraph: Bitcoin Selling Drags Down Altcoins But Dip Buying Continues