Crypto Market Remains Bullish Despite Short-Term Correction
The crypto market remains broadly bullish despite a short-term correction across several major assets. Solana (SOL), Dogecoin (DOGE), NEAR Protocol, and XRP are all holding important breakout levels but each token now faces a different technical setup.
Solana's momentum has become stretched with a daily RSI of around 84, firmly in overbought territory. The immediate resistance zone is $100-$104, while the key support area sits around $89-$94.
NEAR Protocol is trading near $1.93 after breaking decisively above the $1.60 region. The most important support zone is now around $1.78-$1.80 where the moving averages have clustered. This area previously acted as resistance, making its conversion into support important for NEAR's broader recovery.
XRP is also holding its bullish structure despite pulling back from approximately $1.70 to around $1.48. The key technical shift was XRP's recovery above the long-term moving average near $1.35.