Cardano breaks key moving averages, while Solana, Shiba Inu and Near Protocol perform weakly

Shiba Inu rebounded sharply recently, but fell back when it was blocked.

Shiba Inu rebounded strongly recently, pushing prices above local resistance levels, but sellers responded quickly and gave up most of the gains. Trading volume surged during the initial rebound, but interest in continued buying waned, causing prices to be blocked at intraday highs.

Technical Resistance and Indicators

SHIB is still below the 100-day and 200-day moving averages, highlighting the ongoing bearish trend. The 50-day moving average (approximately $0.0000500) is the next key resistance level that buyers need to break to start a new round of short-term gains. The short-term moving average has begun to move up due to recent gains, indicating increased momentum. At the same time, the RSI has rebounded to 58, indicating that there is still room for further upside before entering overbought territory. Despite these improvements, buyers have not yet accumulated enough momentum to attempt to fully reverse the trend. Volume remains a key factor-initial enthusiasm led to strong participation at the breakout, but volume gradually declined over subsequent trading days. This shrinkage usually means traders are waiting for clearer signals before investing more money. In the absence of new buying activity, SHIB may continue to organize below current resistance levels. The first significant support is between US$0.00000465 and US$0.0000470, supported by short-term moving averages. If this area falls, the recent breakthrough of US$0.0000440 will become the next focus range for buyers. Currently, SHIB seems to be transitioning from an impulsive rebound to a consolidation stage. Although the latest rally has brought significant price volatility, a breakthrough of the 50-day moving average may be needed to trigger a stronger recovery and reverse the broad downward trend that has dominated most of 2026.

Near Protocol faces resistance after pullback

Near Protocol, a smart contract platform focused on scalability, is still facing selling pressure despite signs of price stabilization. After falling back from summer highs, NEAR has stabilized at around $1.60, but technical caution remains needed. NEAR is currently trading below major moving averages (20th, 50th, 100th and 200th), which all constitute layers of resistance. This ranking usually indicates a correction phase rather than the beginning of a new upward trend. Recent buying activity helped hold $1.60, triggering a small rebound, but the rebound lacked depth and volume, indicating that large investors remained cautious. The momentum indicator is also neutral and may fall again or gradually recover, depending on the development of the overall market environment. NEAR's first upside target is near its 200-day moving average (approximately $1.80), with further resistance at its 50-day and 100-day moving averages. Recovering these levels could stimulate new bullish interest; but if the US$1.60 - 1.62 support is decisively broken, NEAR risks reversing its early summer gains. There is no clear evidence on the chart that buyers have regained control of the situation, so they may continue to stabilize or they may try again.

Solana sideways, market direction unclear

Another leading smart contract blockchain, Solana, continues to trade within narrow bands after recovering from June lows. Prices are still fluctuating between $73 and $75, with neither long nor short sides dominating. The 20th and 50th moving averages meet near current prices, marking the market entering a neutral phase. Solana held on to higher lows formed in June, but has not yet accumulated enough buying power to recover higher resistance. The RSI hovers around 45, reflecting the balance of market sentiment. SOL trading volumes have shrunk in recent weeks, suggesting traders are waiting for a new catalyst to emerge. If buyers can regain their 100-day moving average (about $79), their next psychological goal will be $85. The US$71 to US$72 range remains the main support, and a break below this range could expose a June low of US$64. After months of weakness, Solana appears to be building the bottom. However, it is necessary to continue to stand at the 100-day moving average and be accompanied by stronger trading volume to signal a move away from the broad downward trend.

The following is a summary of the current price range, key support and resistance and trend for each asset:

Shiba Inu (SHIB): The current price range is 0.0000465 - 0.0000500, the key support is 0.0000440, the key resistance is 0.0000500, and the trend is consolidation/bearish.

Near Protocol (NEAR): Current price range is US$1.60-US$1.62, key support is US$1.60, key resistance is US$1.80, US$1.90, and the trend is bearish/stabilizing.

Solana (SOL): Current price range is US$73 - 75, key support is US$71 - 72, US$64, key resistance is US$79, US$85, and the trend is neutral/consolidating.

Cardano (ADA): The current price is about US$0.20, with key support of US$0.17 and US$0.18, and key resistance of US$0.197 (100-day moving average). The trend is a bullish breakthrough.

Cardano performed outstandingly, breaking through the key moving average

Cardano continuously broke through multiple important moving averages in a short period of time, setting the strongest technical performance in weeks. The rally brought the ADA close to $0.20, outperforming its peers and overcoming resistance that has prevented a rebound since May. Unlike many other large altcoins, Cardano currently trades above the 20-and 50-day moving averages. The ADA is testing a downward 100-day moving average (approximately $0.197), the last major obstacle before establishing a more sustainable trend reversal. Trading volume rose sharply during the breakout period, indicating that the rise was driven by active buying rather than short covering. As long as the ADA remains above the recovered moving average, technical momentum remains positive. Cardano's RSI rose above 65 during the breakout period, reflecting strengthening bullish momentum. Although close to overbought territory, continued trends can keep the RSI high for a long time. The first key support for the ADA is at the 50-day moving average (approximately $0.18), followed by the 20-day moving average (approximately $0.17). Holding these levels will maintain the higher lows recently formed, which is critical to extending the recovery trend.