Dogecoin, Cardano, Zcash and Solana stall near key support as bearish trend persists

Major altcoins continue to face significant challenges as bearish momentum persists across the wider cryptocurrency market. Dogecoin, Cardano, Zcash, and Solana have struggled to break through crucial technical resistance levels, and many remain close to yearly lows.

Dogecoin trades near yearly lows amid declining volume

Dogecoin has failed to regain upward momentum after dropping below $0.11 in May. The token now hovers near $0.069, just above an important psychological support. Technical indicators show a clear bearish alignment: Dogecoin trades below its 50-day, 100-day, and 200-day moving averages, with the first resistance at the 50-day average near $0.073, the 100-day at $0.078, and the 200-day at $0.101.

Repeated rallies have met with renewed selling pressure, keeping DOGE locked in a downward pattern. Recent declines, however, have occurred with reduced trading volumes, signaling that panic-driven selling has faded, but there is currently little buying interest to reverse the slide.

Momentum indicators also highlight Dogecoin’s weak position. The relative strength index (RSI) remains subdued at 39, well below the neutral 50 mark, suggesting sellers have lost some urgency but buyers are yet to show significant strength.

Over the past few sessions, Dogecoin has managed to steady, staving off deeper losses. If the current support remains intact, a push toward the 50-day moving average is possible, but regaining the 100-day average is necessary to stabilize the medium-term technical picture.

A clear drop below the $0.068 level would likely lead to new yearly lows and extend the long-term downtrend. For now, any brief rallies may be viewed as temporary within the prevailing bearish climate.

Zcash returns to support after July pullback

Zcash, a privacy-focused cryptocurrency, retraced from its recent local high of around $580, falling back to approximately $457. The decline brought the price into a significant technical support zone, overlapping with the 50-day moving average at $461 and the 100-day moving average at $475.

Unlike earlier in the year, the pullback in Zcash has been more controlled, with decreasing volume indicating profit-taking rather than panic selling. The RSI now reads about 42, suggesting waning bullish momentum since July’s rally.

Below the current price, the rising 200-day moving average at $413 offers additional long-term support. Maintaining values above this level keeps the broader recovery structure intact since April’s lows. A move above the 100-day moving average near $475 could energize buyers for another attempt at the psychological $500 mark, with the $520 to $540 range next in line for resistance.

Failure to hold the 50-day moving average support may send ZEC toward the 200-day moving average, threatening the recent uptrend.

Mini dictionary: Zcash is a privacy-oriented cryptocurrency that uses cryptographic techniques called zero-knowledge proofs to enable confidential transactions without revealing sender, receiver, or transaction amount details on the blockchain.

Cardano stabilizes but faces major resistance

Cardano remains among the most oversold major cryptocurrencies. After stabilizing around $0.168, ADA has held above its 50-day and 100-day moving averages, which have now turned into support near $0.165 and $0.166. The 200-day moving average, a much stronger barrier, remains above at $0.197.

Technical improvements have emerged since June, with buyers repeatedly defending the $0.15 zone and establishing a series of higher lows. Still, the asset lingers far below long-term resistance, and strong momentum remains elusive.

Cardano has mostly consolidated sideways throughout July, moving in a tight range as buyers show increased activity but stop short of launching a sustained rebound. The RSI sits just above 51, signaling that the worst of the selling pressure has passed without triggering an overbought signal.

A breakout above $0.18 would target the declining 200-day average at $0.20, a level whose recovery would mark a stronger bullish turn. Losing the $0.165 level could invalidate much of ADA’s recent progress, sending the price back toward June’s lows. Until a decisive move above long-term resistance emerges, Cardano’s outlook remains cautious but no longer sharply negative.

Solana stuck in range-bound trading

Solana has struggled to maintain its momentum after the July recovery attempt, currently trading around $73.6. Several rallies faded at resistance levels, with the 50-day and 100-day moving averages at $74.9 and $75.8 consistently capping short-term advances.

The 200-day average, near $92, remains out of reach as the asset forms lower highs since peaking in May. Despite brief rebounds, Solana is seen as moving within a corrective, range-bound pattern rather than initiating a new uptrend. The relative strength index has dropped to 44, suggesting sellers still dominate, but without pushing the token into oversold territory.

Repeated tests have confirmed support between $72 and $73. A failure to hold this area could open the door to June’s low of $68. Conversely, reclaiming both the 50-day and 100-day moving averages would improve prospects for another attempt at $80. Until then, Solana remains trapped in a sideways consolidation phase, awaiting a clear breakout or breakdown.