Shiba Inu

bullish

would

Ethereum

Shiba

<p style="text-align: justify"><a href="https://en.coin-turk.com/transfer-of-4-trillion-shib-tokens-from-crypto-whale/" rel="noopener noreferrer nofollow">Shiba</a> Inu has retraced nearly all of its late-July rally, giving back previous gains and returning to approximately $0.00000448. Following a brief attempt to break above resistance levels, the token has once again fallen in line with its key short-term average, showing limited progress in reversing its bearish trend.</p><h2 id="shiba-inu-stalls-below-key-technical-levels">Shiba Inu stalls below key technical levels</h2><p style="text-align: justify">After a volatile surge in late July, SHIB spiked as high as $0.0000058, temporarily crossing its 50-day moving average. However, this rally was quickly reversed, and the price fell back to the critical 50-day average, now at roughly $0.00000445—almost exactly matching the latest market price.</p><p style="text-align: justify">Efforts to establish support above this technical marker have failed, with SHIB returning to prior levels rather than building on the upward momentum. The token’s failure to hold this level highlights the persistent selling pressure and indecision among traders.</p><p style="text-align: justify">Attention has also shifted to the 100-day moving average, around $0.00000493. SHIB only briefly traded above this resistance before resuming its downward trajectory. The price now sits approximately 10% below this mark, underscoring that the token’s medium-term bullish momentum has faded.</p><blockquote><p>Momentum has waned rapidly, with the RSI dropping toward 45 following a short spike into overbought territory during July. Moving average values now confirm that SHIB’s progress since the rally has eroded.</p></blockquote><p style="text-align: justify">Despite the broader bearish backdrop, SHIB has managed to preserve support at the $0.0000041 to $0.0000043 zone—an area tested during June and July. Maintaining this range remains crucial for any renewed recovery attempts.</p><h2 id="long-term-outlook-and-technical-indicators">Long-term outlook and technical indicators</h2><p style="text-align: justify">SHIB’s 200-day moving average stays above current price action at $0.00000583 and remains in a downward trend. The token has not managed a sustainable move above this level, reinforcing the long-term bearish sentiment.</p><p style="text-align: justify">RSI readings further signal the loss of momentum, with the average near 52.6 but currently slipping closer to neutral. This suggests SHIB’s most recent strength has quickly dissipated.</p><table style="border:1px solid #f1e4d8;padding:8px"><thead><tr><th>Token</th><th>Current Price</th><th>50-day MA</th><th>100-day MA</th><th>200-day MA</th></tr></thead><tbody><tr><td>SHIB</td><td>$0.00000448</td><td>$0.00000445</td><td>$0.00000493</td><td>$0.00000583</td></tr></tbody></table><h2 id="ethereum-targets-potential-bullish-crossover">Ethereum targets potential bullish crossover</h2><p style="text-align: justify"><a href="https://en.coin-turk.com/vitalik-buterin-and-his-team-celebrate-ethereums-ninth-anniversary/" rel="noopener noreferrer nofollow">Ethereum</a> stands at a turning point as moving averages approach a possible pre-golden cross formation—a signal watched closely by traders for potential bullish momentum. The asset currently trades near $1,890, positioning itself between major short- and long-term averages.</p><p style="text-align: justify">The 50-day average has shifted upward for the first time in months, now at $1,818, while the 100-day average remains slightly higher at $1,920. The narrowing gap creates the potential for a crossover if the current price trend persists.</p><blockquote><p>If Ethereum can maintain or extend gains above $1,920, a crossover of its 50-day and 100-day moving averages would signal a shift into a medium-term recovery for ETH.</p></blockquote><p style="text-align: justify">The 200-day moving average, however, stays well above current levels at $2,135 and continues to decline, marking a cautious tone for longer-term recovery hopes. Ethereum’s RSI sits at approximately 52.6, signaling moderate bullish momentum without signs of overheating.</p><p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Golden cross, a bullish technical pattern that occurs when a short-term moving average crosses above a long-term moving average, often signaling potential upward momentum.</p><h2 id="hyperliquid-hype-breaks-through-resistance-cluster">Hyperliquid (HYPE) breaks through resistance cluster</h2><p style="text-align: justify"><a href="https://en.coin-turk.com/hyperliquid-foundation-launches-29-million-lobbying-drive-for-defi-clarity/" rel="noopener noreferrer nofollow">Hyperliquid</a>, a relatively new entrant in the digital asset market, has posted one of its strongest recoveries in recent weeks. HYPE advanced approximately 3.5% during the last daily session and now trades near $58.04, reclaiming positions above key moving averages at $56.93 (short-term) and $56.66 (100-day).</p><p style="text-align: justify">Overcoming this congested area gives buyers their first technical advantage since the asset’s summer pullback. If HYPE can defend the $56-$57 region, further upside may be possible.</p><p style="text-align: justify">The critical hurdle now lies at $60.85—the position of HYPE’s 50-day moving average. A move through $60-$61 would give stronger evidence that recent corrections from above $70 could be ending.</p><p style="text-align: justify">Supporting the bullish case, the asset’s 200-day average stands at $50.89, well below current prices and still in an upward trend. Alongside price gains, momentum readings have flipped positively, with RSI at 52.6 after an extended period of weakness.</p><p style="text-align: justify">Traders now look to see if HYPE can build on these early gains, hold above new support, and attempt a sustained challenge of upper resistance in the coming sessions.</p><p>The post <a href="https://en.coin-turk.com/shiba-inu-erases-july-gains-ethereum-nears-bullish-crossover-hype-challenges-61-resistance/" rel="noopener noreferrer nofollow">Shiba Inu erases July gains, Ethereum nears bullish crossover, HYPE challenges $61 resistance</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Shiba Inu erases July gains, Ethereum nears bullish crossover, HYPE challenges $61 resistance

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