Solana, XRP, Bitcoin and Tron send key support test signals as August gains fade

Major cryptocurrencies face renewed pressure, key support levels are under focus after a strong rebound in August

As short-term momentum fades, mainstream cryptocurrencies are again under pressure. After the previous strong rebound in August, the market focus has shifted to key technical support levels. Solana (SOL), XRP, Bitcoin (BTC) and Tron (TRX) are all facing key technical nodes that will determine their next major price movements.

Solana struggles near $97, putting pressure on support after breakthrough

Solana surged from $75 to more than $110 in August and is currently experiencing its most significant pullback since that breakthrough. SOL is currently trading at around $97, which is still well above its long-term moving average, but still far from local highs.

Several recent attempts to recover the $102 to $104 area have failed, and the upward momentum towards $106 or higher has gradually weakened. As a result, SOL fell below its short-term moving average near $98, further highlighting the importance of the $96 to $98 support range.

If a continued fall below $96, it may trigger more selling, exposing the $92 to $93 area. The region is where long-term and medium-term moving averages converge and constitutes a strong support. The next technical goal below is $88 to $90. The Relative Strength Index (RSI), which had stayed above 50 since the market started in August, has now fallen back to the median range of 40, highlighting the decline in momentum.

显然，多头动能已经减弱。多头可能需要价格回升至 $100 以稳定短期前景，而 $104 和 $110 将是任何新一轮上涨的关键突破水平。

XRP 跌破 $1.35 后遭遇陡峭下跌

在跌破 $1.35 的支撑位后，XRP 经历了更为严峻的技术性恶化。该资产此前曾在 $1.40 至 $1.45 的区间内盘整，随后跌至约 $1.27 进行交易。

最近的一轮下跌伴随着明显的成交量激增，这加剧了其跌破 $1.35 附近水平及长期平均支撑位的态势。目前，XRP 正在测试 $1.25 至 $1.28 之间的另一个关键集群，该区域聚集了短期移动平均线。

守住这一区域可能会引发一波反弹，但此前的支撑位 $1.34 至 $1.35 现已转化为阻力位。RSI 跌破50，呼应了上行动能的丧失。如果 $1.25 失守，XRP 可能滑向 $1.20，甚至回归至约 $1.15 的更大规模突破起点。相反，若能重新收复 $1.35，将有助于抵消大部分即时技术损害并稳定结构。

比特币动能从8月高点滑落，面临下行压力

比特币始于8月份的涨势已让位于盘整和短期动能的下降。目前，BTC 在又一次未能有效突破 $78,000 并跌破快速移动平均线后，交易价格接近 $75,600。

BTC failed to retest its high above $81,000 in early September as attempts to return to $80,000 repeatedly lost strength. The RSI, which entered overbought territory during the rally, now records below 50. Increased volume amid the recent decline highlights the severity of this correction period.

Multiple moving averages converge to form a support cluster of $71,500 to $73,500. If $75,000 falls, this area will become the next key technology bottom. A breakthrough above $77,000 to $78,000 could reverse the short-term trend, although stronger resistance above is at $80,000 to $81,500.

As selling pressure continues, the strong support area below $75,000 is critical to maintaining Bitcoin's broader recovery trajectory.

Tron compresses around support, and volatility drops

Tron avoided a major crash, but its prices were tightly packed into clusters of short-and medium-term moving averages. TRX was trading close to $0.3347, slightly below its rebound high of $0.340 after recent declines. Although it is impossible to regain the August highs of $0.345 to $0.350, the current $0.333 to $0.335 area serves as key support.

Maintaining this area will continue the medium-term uptrend structure that has been formed since June. If it falls,$0.330 will be at risk, while stronger long-term support is at $0.325 to $0.326. The RSI for the TRX remains near neutral, indicating a lack of new directional confirmation signals. Unlike Bitcoin, TRX's price movement looks more like a continuous compression rather than a sharp technical crash.

To achieve a meaningful rebound, bulls need to recover $0.340, and to open up further room for gains, they need to break through $0.345, making $0.350 a feasible target.

Mini Dictionary: Tron (TRX)

Tron (TRX) was launched by the Tron Foundation and is a blockchain platform designed to support decentralized application and digital content sharing. It is committed to improving scalability and high throughput in the entertainment and publishing industries.