In Brief
Near Protocol (NEAR) Correction Tests $4.00 Support
NEAR Protocol is in a short-term bearish correction after its September rally, which took the price from about $1.80 to nearly $5.90 in October. Since that local peak, NEAR has been consolidating, with lower highs and growing selling pressure.
The latest daily candles show bullish momentum fading. NEAR trades around $4.10, below its short-term moving averages. Losing the 4.40–4.50 region matters because it had been acting as dynamic support, and its breakdown suggests sellers are gaining control of the immediate trend.
The wider structure is still constructive, though. NEAR holds above its longer-term moving averages, including the 100-day and 200-day, so the larger bullish trend hasn’t been invalidated yet.
The RSI has fallen toward the 40–45 region. Momentum is deteriorating but not oversold, which leaves room for more downside before a meaningful technical recovery.
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Key support sits at $4.00, then $3.80 and $3.60. A decisive daily close below $4.00 could speed up selling toward the rising 100-day moving average.
On the upside, NEAR needs to reclaim 4.40–4.50 to stabilize its near-term structure. A sustained breakout above $4.70 would strengthen the recovery case and could open the way to 5.00–5.30.
Outlook: NEAR stays vulnerable to more downside while it trades below $4.50. Holding the 3.80–4.00 support zone could, though, lay the groundwork for renewed accumulation. The broader uptrend is intact, but buyers need to show stronger momentum before a sustainable bullish continuation becomes likely.
XRP Bearish Structure Holds Below $1.35
XRP’s technical structure keeps weakening after its October recovery attempt, which briefly pushed the price toward $1.60. The rejection that followed produced a run of lower highs and lower lows, so bearish momentum has retaken control.
XRP now trades near $1.25, below every major moving average on the daily chart. Short-term and longer-term trend indicators all sit overhead as resistance.
The 1.30–1.35 region matters because it used to be a consolidation area. XRP couldn’t hold it, which suggests buyers lack the momentum to reverse the downtrend.
After a sharp decline, the price has stabilized near 1.24–1.25. Volume on the latest candles is fairly modest, though, so there’s little sign of aggressive accumulation.
The RSI sits in the lower part of its neutral range, around 35–40, which points to sustained selling pressure. It is approaching oversold territory but hasn’t produced a convincing bullish reversal signal.
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Immediate support is $1.20, with further downside targets around $1.15 and $1.10. A break below $1.20 could bring another wave of selling.
On the upside, reclaiming $1.30 would be a first improvement, but XRP would need a move above 1.35–1.40 to challenge the bearish structure. The $1.40 area stands out because several moving averages converge nearby.
Outlook: XRP stays bearish in the short term as long as it trades below $1.35. Stabilizing around 1.20–1.25 could prompt a technical rebound, but a real trend reversal needs stronger buying volume and a decisive recovery above key resistance. Until then, rallies remain vulnerable to renewed selling.
Zcash (ZEC) is Consolidating
Zcash is consolidating after its September rally, which took the price from about $500 to nearly $1,700 in early October. Heavy selling near the peak sent ZEC sharply lower before it settled into a range between $1,150 and $1,350.
On the latest daily candles, buyers are trying to hold the price around $1,250. They have repeatedly failed to sustain momentum above $1,300, so short-term bullish conviction is limited. Neither side has decisive control right now.
Technically, ZEC is above its longer-term moving averages, which keeps the broader bullish structure in place. The rising 100-day and 200-day averages support the underlying uptrend despite the correction.
Shorter-term moving averages are converging around the current range. That suggests volatility compression, which could come before a significant directional move.
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The RSI hovers near the neutral 50 level, so momentum is balanced. Volume is down from September’s breakout, which points to less speculative participation during the consolidation.
Key support is $1,200, then $1,150 and $1,050. A break below $1,150 would weaken the bullish structure and could speed up losses toward the 100-day moving average.
Immediate resistance is 1,300–1,350. A confirmed breakout above that zone could bring renewed buying, with targets at $1,400 and eventually $1,500.
Outlook: ZEC keeps a cautiously constructive outlook while it holds above 1,150–1,200. Near-term momentum is subdued, but consolidation above the major moving averages suggests the broader uptrend is technically intact. A sustained recovery above $1,350 would give stronger confirmation of bullish continuation.
Shiba Inu (SHIB) Bearish Pressure Builds Up
Shiba Inu remains under sustained bearish pressure after failing to hold its September recovery. A rally toward $0.00000620 gave way to a prolonged correction of progressively lower highs and weakening buying momentum.
The latest daily chart shows SHIB breaking below an ascending support trendline that dates from August. Losing it removes an important structural support and reinforces the bearish outlook.
At around $0.00000464, SHIB trades below all major moving averages. The 20-day, 50-day, 100-day and 200-day averages all sit above the price, stacking up layers of overhead resistance.
The recent decline toward $0.00000450 was followed by a modest attempt to stabilize, but low buying volume suggests demand is still too weak for a convincing reversal.
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The RSI is around 35–40, showing persistent bearish momentum and nearing oversold conditions. That raises the chance of a short-term relief rally, but it doesn’t by itself confirm a sustainable recovery.
Immediate support is $0.00000450, then $0.00000430 and $0.00000410. A sustained break below $0.00000450 could bring more selling and a possible retest of its summer lows.
On the upside, initial resistance is 0.00000490–0.00000500. A recovery above $0.00000520 would improve short-term structure, while $0.00000550 remains a significant longer-term resistance level.
Outlook: SHIB keeps a bearish technical outlook while it trades below $0.00000520. The ascending-support breakdown and bearish moving-average positioning suggest downside risks remain elevated. A meaningful recovery would need stronger volume and a sustained reclaim of previously lost support levels.
