According to foreign media analysis, bitcoin, XRP, Shiba Inu and Dogecoin are still weak. Many assets are close to low or critical support areas during the year, and although technical indicators indicate that short-line rebound space exists, the overall lower structure has not been broken.

Bitcoin back to critical support.

According to the article, Bitcoin had not been able to stand on top of $80,000 before again weakening and falling back between $58,000 and $60,000. The region was seen as an important supporter of the current phase, as it attracted a buy-in when it fell in June.

In technical form, BTC daylines still show lower and lower points, with 50, 100 and 200 day averages above current prices and still down. According to the article, this indicates that the medium- and long-term trend has not yet improved.

  • Key support areas: $58,000 to $60,000
  • Resuscitation site: around $65,000
  • More resistance above: $70,000.

The article also mentions that the trade has been amplified during the recent decline, indicating that the sale is still ongoing. If $5.88 million is lost in the vicinity, the market may face a new round of liquidation pressure; if the region is supported, there may be a first technical rebound.

XRP and SHIB remain vulnerable

The XRP is still considered to be clearly empty in a number of silos. According to the article, the XRP has not been able to re-establish its 50-day mean line after having fallen through a long-standing support in the vicinity of $1.30 and is now approaching the full $1 level.

While relatively strong and weak indicators are close to overselling, the article argues that overselling signals alone are not sufficient to confirm the bottom line. To improve the short-line structure, XRP needs to recover between 1.15 and 1.20 United States dollars and re-establish the short-term mean line.

The movement of Shiba Inu is weaker. According to the article, the short-term rise support line formed by SHIB after its fall in June had been broken and prices were still below the main average, indicating that the seller was still dominant. It is difficult to reverse the trend in real terms without recovering the 0.000049-$0.0000050 region.

DOGE is behind the market.

According to the article, Dogecoin recently showed a weakness in meme coins. DOGE has fallen to a low level in the year near 0.073 dollars, and the multi-month support structure has been destroyed since February.

Technically, 50 days, 100 days and 200 days averages are over current prices and constitute more intense resistance. Although RSI is close to the oversale area, short-line retiping is possible, many of DoGE's rebounds over the past months have eventually turned into a new fall.

According to the article, US$ 0.07 is the most interesting support for DOGE today. If this level is broken, further sales may be triggered; if the existing area is secured, there may be a price or an opportunity to rebound to 0.085 to 0.09.

Overall, the opinion article argues that while there is technical repair space for mainstream encrypted asset short-lines, it is still difficult for the market to confirm a reversal of the trend until it is back on the critical mass and resistance level.