Shiba Inu

Ethereum

Shiba

Chainlink

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/technical-scenarios-for-top-altcoins-indicate-weakness-amid-decreasing-volumes" rel="noopener noreferrer nofollow">Technical Scenarios for Top Altcoins Indicate Weakness Amid Decreasing Volumes</a><br></p>
<p style="text-align: justify">In the cryptocurrency market, the technical outlook for four major altcoins—Near Protocol, Shiba Inu, <a href="https://en.bitcoinhaber.net/crytpo-market-faces-uncertainty-despite-bitcoins-recovery" rel="noopener noreferrer nofollow">Chainlink</a>, and Ethereum—is being shaped by weakening trading volumes and critical price zones. Despite significant movements in recent weeks, these altcoins are struggling for directional clarity in the short term.</p>
<h2 id="near-protocol-attempts-to-uphold-its-uptrend">Near Protocol Attempts to Uphold Its Uptrend</h2>
<p style="text-align: justify">Near Protocol is currently trading around $4.55 on daily charts. The asset experienced a rally from approximately $1.80 in August to nearly $6.00 by mid-October. Following this peak, a correction of about 24% ensued, although the descent appears relatively orderly.</p>
<blockquote>
 <p>Near Protocol’s uptrend remains intact as long as it holds above $4.30. However, a notable recovery in trading volume is needed to garner fresh momentum.</p>
</blockquote>
<p style="text-align: justify">Recently, moving averages within the $4.30 to $4.40 range twice provided support, attracting buyers in that zone. The upward trajectory of major moving averages suggests that the broader trend remains unbroken. Nevertheless, there’s been a marked decline in volume following the early October peak. The Relative Strength Index (RSI) has also receded to about 48 from overheated levels seen in September.</p>
<p style="text-align: justify">For upward attempts, the levels to watch are $4.75 and subsequently $5.20. Surpassing $5.60 could strengthen the chance of revisiting the recent high near $6.00. On the downside, $4.30 serves as a key threshold in the short term.</p>
<h2 id="shiba-inu-maintains-its-weak-stance">Shiba Inu Maintains Its Weak Stance</h2>
<p style="text-align: justify">Shiba Inu is trading around $0.00000491, remaining below its major moving averages. The price range between $0.00000520 and $0.00000523 serves as a significant initial barrier. The longer-term average near $0.00000555 indicates the existing fragility of the current structure.</p>
<p style="text-align: justify">Following a touch near $0.00000620 at the end of September, the asset has been on a downward path. Any rebound attempts since early October have been restricted to similar levels, highlighting the lack of dominance between buyers and sellers as evidenced by the small candle sizes.</p>
<p style="text-align: justify">The level at $0.00000476 has served as support multiple times. If breached, levels of $0.00000450 and $0.00000430 might come into focus. It’s notable that trading volume has fallen to some of the year’s lowest levels, signaling diminished interest.</p>
<h2 id="chainlink-and-ethereum-trade-at-critical-junctions">Chainlink and Ethereum Trade at Critical Junctions</h2>
<p style="text-align: justify">Chainlink is trading around $11.50. Having risen from roughly $7.00 in early July to nearly $15.80 by late September—a gain exceeding 100%—it subsequently experienced a retreat of about 27%. The moving average near $11.50 and the long-term average close to $11.00 are being monitored as pivotal defense zones.</p>
<p style="text-align: justify">The RSI’s decline to around 38 suggests that selling momentum is waning, keeping the possibility of a short-term rebound alive. However, a strong recovery appears challenging unless the $12.20 and $12.65 zones are overcome.</p>
<blockquote>
 <p>For Ethereum, the long-term average near $2,320 is becoming a decisive point for short-term direction; falling below this could bring the $2,100 and $1,900 levels back into the conversation.</p>
</blockquote>
<p style="text-align: justify">Ethereum is trading near $2,330, testing its long-term average around $2,320. The long lower shadows formed in recent days within the $2,280 to $2,300 range indicate buyers defending this area. Still, without daily closes above $2,360, potential for a stronger rebound toward the $2,450 to $2,530 range remains limited. The decline in trading volume combined with an RSI around 40 reflects a weak market sentiment that hasn’t yet reached oversold conditions.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span><a href="https://en.bitcoinhaber.net/technical-scenarios-for-top-altcoins-indicate-weakness-amid-decreasing-volumes" rel="noopener noreferrer nofollow">Technical Scenarios for Top Altcoins Indicate Weakness Amid Decreasing Volumes</a></h5>

Technical Scenarios for Top Altcoins Indicate Weakness Amid Decreasing Volumes

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