The price analysis of the foreign media indicates that internal developments in the encrypted market continued to divide in mid-July. Since the low-point rebound in June, the Ether factory has been approaching a critical resistance zone; Dogecoin is still near the nearest low; and Stellar has been pulling saws over and over again at $0.20. In contrast, Cash Cat is back and back in the run-up, and short-line pressure remains.
ETH approaches 1950 to 2000 US$
According to the article, the Ethera has recently been the most visible of several assets for structural improvement. After rebounding from about $1,500 to close to 1950, the price has been repositioned on 20 and 50 day averages, both of which are now being supported by short lines.
However, the voltage near the 100-day average above has begun to appear. The analysis indicated that the recent test of ETH, which came close to the US$ 1944, was followed by a sale, indicating that between 1950 and 2000 was still the most important barrier belt of the day. If the area can be stabilized, the market will pay further attention to the 2000-dollar upper space and the 200-day mean at a higher position.
From below, $1775 to $1,800 is considered the current main support area. According to the article, as long as the price remained above the area, the short-line rebound structure of ETH remained intact.
Douge's still low on the wheel.
On the Dogecoin side, the article states that its purchasing power is still insufficient and that the prices are still running near and below the near future. DoGE is currently under several major averages, showing that the empty structure has not been reversed.
Since the loss of $0.10 at the end of May, DOGE has broken down with $0.09 and $0.08. After late June, prices mostly fluctuated horizontally between 0.071 and 0.078. The analysis suggests that this represents a reduction in pressure compared to the previous period, but the market has yet to produce a clear reversal.
It is mentioned that 0.070 to 0.072 is currently the most critical support belt. If the region is lost, the market could be further explored near 0.065. To improve short-line performance, DOGE needs to re-establish its position at $0.0765, and then break through the resistance near $0.082.
The separation of XLM and CASHCAT continues.
Stellar's movement is relatively even. According to the article, XLM is currently operating in a multi-lined area at a price of approximately US$ 0.192, slightly above the 20-day and 50-day averages, indicating that there is some succession below. However, the 0.198 to 0.201 United States dollars area still constitutes significant resistance, and $0.20 remains the most critical observation point.
Cash Cat continues to be weak. According to the article, the token is currently in the vicinity of US$ 0.098 and is still below the hourly level of multiple averages, the most recent of which is around US$ 0.105. The higher positions 0.125 and 0.133 create more intense areas of resistance, and the current trend remains one of downward consolidation until they are back on their feet.