3 Notable Altcoins in the First Week of August 2025

The crypto market enters a new month with strong volatility, especially in the altcoin group. Next week is assessed to be a particularly important time due to the impact of President Trump's tariff policies.

Let's analyze the top 3 altcoins that could benefit from this volatility with Bitcoin Magazine.

Immutable (IMX)

IMX is currently trading around $0.515, reflecting the overall downward trend of the market. Nevertheless, this altcoin may find support at $0.497, providing a potential recovery opportunity. If this support holds, the price of IMX could bounce back to $0.548, creating an opportunity for traders to seek profits.

Soon, IMX will unlock 24.52 million tokens worth approximately 12.4 million USD. Typically, token unlocks can create downward pressure, but the current price of IMX is quite low, and the event may attract new buying interest. This could help offset the negative impact from the increased supply and provide an opportunity for IMX to recover.

Technical analysis of IMX | Source: TradingViewHowever, if market sentiment remains unstable and demand is not strong enough, IMX may face selling pressure. In that case, the price could slide below $0.497 and return to $0.470 or lower. This would invalidate the bullish outlook, signaling further downside risks for this altcoin.

Multibank Group (MBG)

MBG is a newly launched altcoin that has already attracted significant attention from investors. In less than two weeks, MBG's market capitalization reached 212 million USD – an impressive growth rate.

The (CMF) money flow indicator shows that capital is flowing into MBG, reflecting investor confidence. If demand continues to be sustained, MBG could return to its ATH level at $3.09 – approximately 26% higher than the current price. However, the prerequisite is to maintain the support level of $2.45 to sustain the upward momentum.

Technical analysis of MBG | Source: TradingViewHowever, if selling pressure increases, MBG may face stagnation. Failing to hold the support level of $2.45 could lead to a sharp decline, pulling MBG down to $1.99 or even lower. Losing this support level will invalidate the bullish argument for the altcoin.

BNB

BNB once set a new historical peak at the end of July at $861, but has dropped to $736. Despite this decline, bullish market signals indicate that BNB is showing signs of recovery, currently trading around $765. Positive signals from the market suggest that BNB still has growth potential and is nearing its old peak if the momentum is maintained.

Currently, BNB is down 13.5% compared to the peak of $816. If it breaks through the important resistance levels at $793 and $823, BNB could return to its ATH. Maintaining support at $766 is a key factor to sustain bullish momentum.

BNB Technical Analysis | Source: TradingViewConversely, if it loses the $766 mark, BNB risks sliding back to $736 or lower. This move would negate the current bullish outlook and indicate a potential bearish reversal.

Vincent