Momentum

Solana

Bitcoin

<p style="text-align: justify">Leading cryptocurrencies faced renewed pressure as short-term momentum faded, putting critical support levels in focus after their strong recoveries in August. <a href="https://en.coin-turk.com/solana-rises-to-third-place-in-fortunes-2026-crypto-100-what-does-this-mean-for-investors/" rel="noopener noreferrer nofollow">Solana</a> (SOL), XRP, <a href="https://en.coin-turk.com/strategy-increases-its-bitcoin-holdings-with-latest-purchase/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC), and <a href="https://en.coin-turk.com/tron-led-all-blockchains-with-3-93-million-daily-active-addresses-as-of-june-23/" rel="noopener noreferrer nofollow">Tron</a> (TRX) each confronted crucial technical junctions that could determine their next major price moves.</p><h2 id="solana-struggles-near-97-as-post-breakout-support-holds">Solana struggles near $97 as post-breakout support holds</h2><p style="text-align: justify">After surging from $75 to over $110 during August, Solana is undergoing its most significant retracement since that breakout. Currently trading around $97, SOL remains well above its key long-term moving averages but sits far below its local high.</p><p style="text-align: justify">Recent attempts to reclaim the $102 to $104 zone repeatedly failed, with rallies toward $106 or higher growing weaker. As a result, SOL slipped below its near-term moving average near $98, placing further emphasis on the $96 to $98 support range.</p><p style="text-align: justify">A sustained drop below $96 could trigger more selling, exposing the $92 to $93 area where longer-term and medium-term moving averages are converging, representing robust support. The next technical target below remains $88 to $90. The Relative Strength Index (RSI), which had stayed above 50 since the August move, now sits in the mid-40s, underscoring fading momentum.</p><blockquote><p>Momentum has clearly weakened, and bulls likely need a recovery to $100 to stabilize the short-term outlook, with $104 and $110 serving as the key breakout levels for any renewed advance.</p></blockquote><h2 id="xrp-faces-steep-decline-below-1-35">XRP faces steep decline below $1.35</h2><p style="text-align: justify">XRP experienced a sharper technical deterioration after breaching the $1.35 support. The asset is now trading around $1.27, following a drop from its previous $1.40 to $1.45 consolidation zone.</p><p style="text-align: justify">The most recent decline included a notable jump in selling volume, which added weight to the breakdown below both horizontal and long-term average support near $1.35. XRP is now testing another crucial cluster between $1.25 and $1.28 where short-term moving averages gather.</p><p style="text-align: justify">Holding this zone may prompt a relief rally, but the previous support at $1.34 to $1.35 now acts as resistance. The RSI dipped below 50, echoing the loss of upward momentum. If $1.25 fails, XRP could slip toward $1.20 or even return to the larger breakout origin around $1.15. In contrast, reclaiming $1.35 would help offset much of the immediate technical damage and stabilize the structure.</p><h2 id="bitcoin-under-pressure-as-momentum-slips-from-august-highs">Bitcoin under pressure as momentum slips from August highs</h2><p style="text-align: justify">Bitcoin’s rally that started in August has given way to consolidation and declining short-term momentum. Currently, BTC trades near $75,600 after another rejection from the $78,000 level and a retreat below its fast-moving average.</p><p style="text-align: justify">BTC has failed to retest its early September high above $81,000, as attempts to break back toward $80,000 repeatedly lost strength. The RSI, which had reached overbought territory during the rally, now registers below 50. Rising selling volume on recent declines emphasizes the seriousness of this correction phase.</p><p style="text-align: justify">Several moving averages are converging to create a support cluster at $71,500 to $73,500. Should $75,000 give way, this area represents the next key technical floor. A move above $77,000 to $78,000 could reverse the short-term trend, though tougher resistance remains at $80,000 to $81,500.</p><blockquote><p>As selling pressure continues, strong support zones below $75,000 remain crucial for Bitcoin’s broader recovery trajectory to stay intact.</p></blockquote><table style="border:1px solid #f1e4d8;padding:8px"><thead><tr><th>Coin</th><th>Current Price</th><th>Key Support</th><th>Key Resistance</th></tr></thead><tbody><tr><td>SOL</td><td>$97</td><td>$96–$98</td><td>$100–$104, $110</td></tr><tr><td>XRP</td><td>$1.27</td><td>$1.25–$1.28</td><td>$1.34–$1.35</td></tr><tr><td>BTC</td><td>$75,600</td><td>$71,500–$73,500</td><td>$77,000–$78,000</td></tr><tr><td>TRX</td><td>$0.3347</td><td>$0.333–$0.335</td><td>$0.340–$0.345</td></tr></tbody></table><h2 id="tron-compresses-around-support-as-volatility-drops">Tron compresses around support as volatility drops</h2><p style="text-align: justify">Tron has avoided a major breakdown but remains tightly compressed within a cluster of short- and medium-term moving averages. TRX trades near $0.3347, just below its recent post-drop rebound to $0.340. While unable to retake the August high at $0.345 to $0.350, the current region at $0.333 to $0.335 acts as a pivotal support.</p><p style="text-align: justify">Maintaining this zone keeps the medium-term ascending structure since June in play. A loss would put $0.330 at risk, while stronger long-term support is found at $0.325 to $0.326. The RSI for TRX remains near neutral, suggesting little in the way of new directional confirmation. Unlike Bitcoin, TRX’s price progress appears more as ongoing compression than a sharp technical breakdown.</p><p style="text-align: justify">For any meaningful rebound, bulls need to reclaim $0.340, with further upside requiring a break above $0.345 to reopen $0.350 as a viable target.</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: Tron (TRX), launched by the Tron Foundation, is a blockchain platform designed to support decentralized applications and digital content sharing. It aims to improve scalability and high throughput for entertainment and publishing industries.</p><p>The post <a href="https://en.coin-turk.com/solana-xrp-bitcoin-and-tron-signal-key-support-tests-amid-august-rally-fades/" rel="noopener noreferrer nofollow">Solana, XRP, Bitcoin and Tron signal key support tests amid August rally fades</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Solana, XRP, Bitcoin and Tron signal key support tests amid August rally fades

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