The foreign media market commented that XRP, bitcoin, dogcoins and canine coins had all rebounded to varying degrees in the recent past, but more are still in the rehabilitation phase. Despite the upturn in support and improvement in kinetic energy indicators in the previous period, several assets still present significant pressures on the critical median above.
XRP test 50-day mean
XRP re-engaged from the support position around US$ 1.05 to the 50-day mean line. According to the article, this position is an important area of repression during the recent decline. If valid, the price or further pointed to the vicinity of $1.28, i.e. the area where the 100-day mean line is located.
The overall structure of the XRP has not yet been fully strengthened. During the month of June, the movement remained dominated by lower and lower points. If the current round rebounds at a standstill below the 50-day average, the price may return to the support area around $1.10.
Bitcoin's got between $66,000 and $70,000.
Bitcoin was supported from the $5.80 million to $60 million area after a rapid decline in the previous period, and a round of rehabilitation occurred. After rebounding, the price has returned to the top of the 20-day average, showing a decrease in short-line voltage.
However, according to the article, BTC still has more resistance above it, mainly in the vicinity of $667 million and $695 million, corresponding to 50-day and 100-day averages. The medium-term trend is expected to continue to be repaired and possibly to look at the 200-day mean line near $75,000 if the 66,000-$77 million range is breached.
If this resistance is not broken, Bitcoin may still be able to resonate for $60,000. The article defines the current trend as a steady restoration rather than a recognized reversal of the trend.
There's a clear split between SHIB and DOGE.
The performance of SHIB is relatively weaker in several assets. Although the price has risen from about $.0.0000040 to about $.0.0000043, it is still below the average of 50, 100 and 200 days. According to the article, the first major resistance in the vicinity of US$ 0.000049 and, above that, US$ 0.000050 is the key to emotional recovery.
If the turnover does not continue to zoom in, the current SHIB rebound may still be only a new round of lower heights, which will then fall back to the front support area.
By contrast, the short-line repairs were slightly more robust after a rebound in the vicinity of $0.070, but the whole remains in the downward structure that continued during the year. Its first resistance area ranges from 0.080 to 0.088; if it is recovered, the next step may look to $0.10. If the kinetic energy is reduced, a fall test of 0.070 is still possible.