Shiba Inu erased July gains and prices fell below the key moving average.
Shiba Inu gave up almost all of its late July gains, giving up previous earnings, and prices fell back to about $0.00000448. After a brief attempt to break through resistance, the token once again aligned itself with the key short-term moving average and made limited progress in reversing the bearish trend.
Shiba Inu stagnated below key technical levels
After a sharp rise at the end of July, the SHIB soared to US$0.000058, briefly breaking the 50-day moving average. However, the rally was quickly reversed and prices fell back near the key 50-day moving average, which is currently around $0.0000445-almost exactly in line with the latest market price.
Efforts to build support above this technical indicator failed, and the SHIB failed to continue its upward trend, but returned to its previous level. The token's failure to hold on to this level highlighted continued selling pressure and hesitation among traders.
Market attention has also shifted to the 100-day moving average, around US$0.0000493. SHIB only briefly broke through this resistance level and then re-entered the downward trajectory. The current price is about 10% below that level, indicating that the token's medium-term bullish momentum has subsided.
The momentum indicator has weakened rapidly, and the RSI has now fallen back to around 45 after briefly soaring to overbought territory in July. Moving average numbers confirm that the gains in SHIB since its rebound have disappeared.
Despite the overall bearish background, SHIB managed to maintain support in the US$0.000041 to US$0.000043 range-an area that was tested in June and July. Maintaining this range remains crucial to any recovery attempt.
Long-term Outlook and Technical Indicators
The 200-day moving average of the SHIB is above the current price at US$0.0000583 and is still in a downward trend. The token's failure to continue to exceed this level has strengthened long-term bearish sentiment.
RSI readings further indicate a loss of kinetic energy, with the indicator averaging close to 52.6, but is currently sliding into the neutral zone. This shows that the recent strength of SHIB has quickly dissipated.
Current price: US$0.0000448, 50-day moving average: US$0.0000445, 100-day moving average: US$0.00000493, 200-day moving average: US$0.0000583
Ethereum is close to potential bullish gold cross
Ethereum is at a turning point with its moving average approaching a possible pre-gold cross pattern-a signal traders watch closely for potential bullish momentum. The asset is currently trading at approximately $1,890, somewhere between major short-and long-term moving averages.
The 50-day moving average moved upwards for the first time in months and is currently at $1,818, while the 100-day moving average is still slightly higher at $1,920. The gap between the two is narrowing, and if current price trends continue, a golden cross may be formed.
If Ethereum can stay above US$1,920 or rise further, the gold cross of its 50-day and 100-day moving averages will mark the entry of ETH into a medium-term recovery.
However, the 200-day moving average remains well above current prices, at $2,135, and continues to decline, giving a cautious tone to long-term recovery prospects. Ethereum's RSI is around 52.6, showing moderate bullish momentum with no signs of overheating.
Mini Dictionary: Golden fork
Golden fork is a bullish technical form that appears when the short-term moving average crosses the long-term moving average and usually indicates potential upward momentum.
Hyperliquid (HYPE) breaks through the resistance cluster
Hyperliquid is a relatively new player in the digital asset market and has recorded one of the strongest rallies in recent times. HYPE rose about 3.5% in the previous session and is currently trading close to $58.04, regaining its key moving averages of $56.93 (short-term) and $56.66 (100-day).
Breaking through this dense area provides bulls with their first technical advantage since the summer correction. If HYPE can hold on to the US$56 -57 region, it may move further.
The key obstacle currently lies at US$60.85-HYPE's 50-day moving average. Breaking through the $60 -61 range would provide a stronger indication that the pullback from above $70 may be over.
Supporting the bullish view is that the asset's 200-day moving average is at $50.89, well below the current price and is still in an upward trend. As prices rose, the momentum indicator has turned positive, and the RSI has rebounded to 52.6 after a long period of weakness.
Traders are now focused on whether HYPE can continue these initial gains, hold on to new support levels, and try to continue to challenge upper resistance in the next few trading sessions.

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