Major cryptocurrencies continue to face technical hurdles after recent corrections, with Hyperliquid (HYPE), Ethereum (ETH), Bitcoin (BTC), and Shiba Inu (SHIB) all trading within significant support and resistance zones.
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AAPLHYPE struggles to regain momentum
Hyperliquid has experienced a notable pullback from its previous highs near $70–$76 and is currently trading at $54.54. The token remains capped by a cluster of moving averages in the $56.65 to $56.90 range, which has so far limited any sustained recovery attempts. Buyers briefly pushed the price toward this resistance area in early August but failed to establish a foothold above it.
Consolidation below $57 has become the prevailing pattern, with stronger resistance emerging at $61.09. Regaining that level could improve the short-term outlook and reopen the path toward the $65–$68 range, and potentially another retest of $70. On the downside, support anchored near $50.77—corresponding to a long-term moving average—has held firm, making the $50–$51 zone a pivotal technical threshold.
A breakdown below this area could expose the upper $40s and disrupt the broader recovery structure. According to current indicators, the RSI stands near 43.3, signaling weak momentum without a clear entry into oversold conditions. HYPE remains locked in a neutral-to-bearish consolidation. A move above $57 would mark an initial improvement, while a breakout above $61 is needed for a convincing reversal.
Ethereum consolidates below resistance
Ethereum is still consolidating below $1,900 following a rebound from lows recorded in June. At the moment, ETH trades at approximately $1,880—just above its short-term moving average at $1,875, but under pressure from resistance at $1,922. The current setup reflects challenging conditions, as buyers have repeatedly stalled in the $1,900–$1,925 range since late July.
Despite forming a series of higher lows since June, the broader outlook has not convincingly shifted bullish. Key support levels are found at $1,875 and a more dynamic band near $1,808. ETH remains below its longer-term moving average, which is situated around $2,140, underlining the absence of a strong trend reversal. Momentum indicators provide little clarity, with the RSI near 53.5 and its signal line close to 51, highlighting a lack of obvious directional bias.
The most important short-term trigger is a daily close above $1,925, which could refocus attention toward $2,000 and $2,140. If ETH retreats below $1,875, risk of a return to the $1,800–$1,810 region increases.
Bitcoin holds narrow range as momentum fades
Bitcoin continues to trade tightly around $63,900, with the $63,000–$67,000 band defining the current structure. The leading cryptocurrency is positioned between two key short-term moving averages, with the faster reading slightly higher at $64,154 and support at $63,325. Price compression has grown more evident in the wake of June’s rebound, leading to a persistent sideways market since early July.
Overhead resistance around $66,000–$67,000 and a sloping moving average near $66,742 continue to cap recovery prospects. Long-term averages, set around $72,100, remain out of reach. Bitcoin’s RSI has slipped to 48.4, just below the neutral threshold, underscoring the lack of momentum for either buyers or sellers.
A drop below $63,300 could put $60,000 in play and reactivate interest in the June lows near $58,000. Conversely, reclaiming $66,700 would mark a significant bullish development, potentially setting up a revisit of the $70,000–$72,100 region. For now, Bitcoin remains in a consolidative bearish pattern.
SHIB faces renewed downside risk
Shiba Inu has returned to a critical support area after failing to hold onto its volatility-driven rally from late July. Currently, SHIB trades at $0.00000450, aligning closely with its moving average of $0.00000445. The token has slipped below the faster average of $0.00000462, reflecting reduced upward momentum.
Efforts to push higher last month briefly drove SHIB toward $0.0000058, but resistance quickly forced a reversal. The $0.00000495 mark now stands as the key short-term barrier. While the RSI’s signal line hovers near 54.3, the indicator itself has declined to 45.1, signaling waning bullish force without crossing into oversold territory.
The $0.00000440–$0.00000445 support zone is now vital for SHIB. A clear breakdown could expose previous consolidation levels at $0.00000410–$0.00000420 and open the door to fresh local lows. For a bullish reversal, SHIB must first reclaim $0.00000462 and follow through above $0.00000495. However, a significant long-term resistance sits at $0.000585, leaving the overall trend cautious unless these hurdles are cleared.
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