Bitcoin (BTC): Bitcoin is correcting around $77,300 after failing above $80,000–$81,000, with $76,000–$77,000 acting as key support while short-term momentum weakens.
Ethereum (ETH): Ethereum is consolidating around $2,441 below $2,500–$2,560 resistance, while holding $2,360–$2,400 keeps its August breakout structure intact.
XRP (XRP): XRP is testing critical $1.33–$1.36 support after losing momentum from its August rally, with a break below $1.33 potentially opening a deeper correction toward $1.24.
Shiba Inu (SHIB): Shiba Inu has broken its rising trendline and is testing $0.0000049–$0.0000050 support, with weak momentum leaving the token vulnerable to a return toward $0.0000046–$0.0000044.
Bitcoin is set for a correction
After failing to break above the $80,000–$81,000 range, Bitcoin is about to enter a brief correction. On the daily chart, BTC is trading at about $77,300, continuing a series of lower highs from the most recent peak above $81,000. Bond yields and oil prices have increased significantly ahead of U.S. inflation statistics and the Federal Reserve’s decision next week.
In technical terms, the correction is still quite limited. The closest dynamic support for Bitcoin is located around $75,967, and the major moving averages — roughly $72,863, $70,675, and $70,417 — remain significantly lower.
This indicates that despite the most recent selling, the August breakout structure remains valid. However, momentum has significantly decreased. After entering overbought territory, the RSI has dropped to about 55.5. More significantly, the RSI is currently below its signal average, which is close to 66, indicating that the impulse that drove the August rally has subsided.
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Therefore, the immediate level to watch is the $76,000–$77,000 range. If it were lost, $72,800–$73,000 would be exposed, where there is more robust dynamic support.
On the other hand, recovering $79,000 would give Bitcoin another chance to target $80,000–$82,000. According to current market data, a significant short-term support region is approximately $77,000.
Can Ethereum return stronger?
Ethereum’s post-breakout position is still strong, but it is displaying a very similar structure. Following its dramatic August move from roughly $1,900 to above $2,500, ETH is currently trading at $2,441 on the provided chart. The key difference is that Ethereum is still well above its major moving averages.
Longer-term averages cluster around $2,190, $2,148, and $2,115, while the closest dynamic support is at $2,362. As a result, the August breakout structure is still intact. Below the $2,500–$2,560 resistance range, ETH has begun to consolidate.
After a 37% increase, Reuters also notes that the current structure may be a bull flag, with the bullish setup significantly weakening below roughly $2,350–$2,360. A portion of the excess created by the vertical August rally has been eliminated as the RSI has cooled to about 58 from overbought levels.
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However, weakening short-term momentum is indicated by the declining RSI and repeated failures around $2,500. The constructive structure would be maintained if $2,400–$2,360 were held.
A daily close below about $2,350 would seriously damage the current setup, whereas a breakout above $2,560 could reopen $2,600 and eventually higher resistance levels. U.S. macro conditions, with the CPI due on Friday, may dictate which side of this consolidation breaks first.
XRP under scrutiny
After losing steam following the August breakout, XRP is now testing one of the most significant technical areas on its daily chart. The asset is currently trading at $1.36, which is significantly below the local peak above $1.50 and down about 2.3% on the day.
The cluster of support immediately beneath the price is the crucial factor. While the shorter dynamic average is at $1.337, XRP is nearly exactly on the long-term moving average at $1.355. As a result, the immediate battlefield is the $1.33–$1.36 area. The August rally significantly altered the structure of XRP.
The price surged from about $1.00, surpassed all major moving averages, and momentarily reached $1.70. However, buyers were unable to sustain momentum above $1.50. Since then, XRP has set a series of lower highs, including $1.45, $1.43, and $1.41.
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The loss of momentum is confirmed by the RSI. While its signal average is still around 60.8, it has dropped to about 53.5. Since this is still neutral rather than oversold territory, XRP may decline further before traditional momentum indicators point to exhaustion.
The post-breakout structure would be significantly weakened and a correction toward $1.24 could begin if the daily close fell below $1.33. The next significant moving average appears at about $1.21 below that.
Recovering $1.40–$1.42 is the first prerequisite for bulls. The recent $1.52–$1.55 highs would become relevant again if there were a break above $1.45.
Will Shiba Inu survive the pressure?
Shiba Inu looks more vulnerable. After declining by about 3.2%, SHIB is currently trading close to $0.00000509. The most recent decline broke below the rising trendline that had supported the token’s recovery since late August. After bouncing from roughly $0.0000044, SHIB had established a recognizable sequence of higher lows, which makes that trendline failure significant.
Before sellers took back control, the structure pushed the token in the direction of $0.0000055. A dense moving-average cluster has now been reached by the price. Nearby averages are shown on the chart at $0.00000517, $0.00000504, and $0.00000494. As a result, the $0.0000049–$0.0000050 zone represents the most obvious immediate support.
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Additionally, momentum has declined. The RSI is currently at 48.2, which is below both its signal average of 54.8 and the neutral 50 level. Buyers currently have little momentum advantage, in contrast to the August surge.
The biggest barrier is still located between $0.00000565 and $0.00000570, where SHIB’s long-term moving average is still declining. During the August spike, the price was unable to establish itself above this region.
SHIB may return to $0.0000046 and ultimately the August base around $0.0000044 if $0.0000049 fails. A sustained move above $0.0000056–$0.0000057 is required for SHIB to produce a more convincing bullish structural change, but recovering $0.0000053 would improve the short-term picture.
