According to the external analysis, the encryption market entered the clean-up phase after the rapid advance in August. Bitcoin is in the vicinity of $80,000, with the Taifung and XRP holding the key support after the previous breakthrough, and SHIB is back to the medium term to support the area, and the continuation of the rebound will depend on the re-breaking of several major resistance positions.

Bitcoin's in the neighborhood of $80,000.

According to the article, Bitcoin had risen from approximately $63,000 to $81,000 at one time, an increase of nearly 30 per cent a month. The current price has returned to approximately $788 million, but still significantly above the 200-day average, indicating that the overall structure after the previous breakthrough has not been destroyed.

In short-range positions, between $80,000 and $82,000 remains the most direct area of resistance. If the price continues to stand at $82,000, the market may release further upward signals. The first short line below is between $76,000 and $77,000, and the deeper support is concentrated around $72,000.

  • The current price is about US$ 78,840
  • Direct resistance is between $80,000 and $82,000.
  • Key support areas range from $76,000 to $77,000.

XRP and Etherwood Maintenance of Optimal Structures

According to the article, the XRP was solidified after a significant lifting in August and, although it has fallen from a high point of US$ 1.70, it is still operating above US$ 1.35. The position is close to its 200-day average at the same time and is therefore considered the most important support at present. If sustained, the judgement that the long-term downward trend in the preceding period has been broken will be strengthened.

With respect to resistance, the first important area of XRP is between US$ 1.45 and US$ 1.50. If this area is broken again, the market focus may shift to $1.55 and the previous US$ 1.70.

In the case of the Taifeng, the price was sorted around US$2,470. According to the article, ETH had been quick to bounce from about US$ 1,900 and re-positioned on the 200-day mean line. The current US$ 2,500 to US$ 2,550 is an area that has not been effectively breached in recent attacks, and if the follow-up station is on it, it may mean that the round of rebound continues.

  • XRP is currently about $ 1.41, critical support at $ 1.35
  • XRP upper resistance is concentrated at 1.45 to $1.50
  • ETH currently stands at approximately $2,472, with short-wire resistance ranging from 2,500 to $2,550

SHIB is still subject to long-term resistance.

The movement of SHIB is relatively weaker than that of bitcoin, Ether and XRP. According to the article, SHIB had previously risen to about US$ 0.000,620 but had not been able to stand on the 200-day average and then returned to about US$ 0.001,0517. The failure to break the long-term average is considered to be the main reason that its rebound has not yet been confirmed.

The market is now more concerned about the ability to hold on to the range of $0.000495 to $0.00000500. If the area is supported, SHIB will still have the opportunity to retest long-term resistance near US$ 0.0000570 to US$ 0.0000580. If it is not stable, the rebound may continue to slow.