Crypto Assets Struggle with Momentum as Dogecoin Plummets

After failing to regain momentum, Dogecoin (DOGE) is still struggling under bearish pressure. The asset has been declining since May and is currently trading at $0.069, just above a crucial psychological support zone.

The 50-day, 100-day, and 200-day moving averages are all in bearish order, with DOGE trading below them all. A relief rally toward the 50-day moving average could be on the cards if this floor holds.

Zcash (ZEC) has pulled back to its major moving-average support after a July rally, entering a crucial technical phase. The asset is currently trading at $457 and has returned to a significant technical support confluence.

Cardano (ADA) has stabilized at $0.168, but significant resistance levels are still well above. Buyers have successfully defended the $0.15 area since June and have built a string of higher lows.