Crypto Market Becomes Uneven as Near Protocol, Dogecoin, and XRP Face Resistance
After a strong breakout from $1.60, Near Protocol is attempting to turn its August recovery into a larger trend reversal.
The asset is trading near $1.93, above all four major moving averages on its daily chart.
A key area of resistance is between $2.00 and $2.10, with supply still substantial above the psychological $2 level.
However, momentum indicators suggest additional appreciation is possible, as long as sellers do not force a retracement back below $1.78.
Dogecoin has made significant gains in recent days, but its rally has already hit resistance at around $0.0952.
The asset's RSI is still overbought, indicating some consolidation may be expected after such a swift advance.
Solana is holding onto much of its recent breakout, with every major moving average on its chart now recovered.
Despite being in overbought territory, the asset is still bullish for the time being, but caution is advised as it chases further vertical gains.
XRP has consolidated after a significant breakout that altered its short-term technical structure.
The asset's RSI is still overbought, indicating some correction may be expected before further appreciation can occur.