Cardano breaks above key moving averages as Solana, Shiba Inu, and Near Protocol struggle

Technical resistance and indicators

SHIB remains positioned below its 100-day and 200-day moving averages, underscoring a persisting bearish trend. The 50-day moving average, located near $0.00000500, presents the next critical resistance level that buyers need to overcome for a renewed short-term rally.

Shorter-term averages have started climbing in response to the recent surge, reflecting stronger momentum. Meanwhile, the RSI has recovered to 58, suggesting that there is still room for an additional upward move before reaching overbought conditions.

Despite these improvements, buyers have not yet built sufficient momentum to attempt a full trend reversal. Volume remains a key factor. Initial enthusiasm saw robust participation in the breakout, but trading volume has gradually declined in subsequent sessions.

This declining turnover often signals that traders are waiting for more convincing signs before committing additional capital. Without renewed buying activity, SHIB could continue consolidating just below current resistance levels. The first notable support lies between $0.00000465 and $0.00000470, underpinned by the short-term moving averages. If that zone fails, the recent breakout level at $0.00000440 becomes the next area of interest for buyers. For now, SHIB appears to be transitioning from an impulsive rebound into a consolidation period.

While the latest rally brought notable price action, a move above the 50-day moving average would likely be required to trigger a stronger recovery and alter the broader downtrend characterizing much of 2026.

Near Protocol faces resistance after correction

Near Protocol, a smart contract platform focused on scalability, continues to trade under selling pressure despite signs of price stabilization. After declining from its summer peaks, NEAR has settled near the $1.60 level, though technical outlooks still call for caution.

NEAR currently trades below its major moving averages, including the 20-, 50-, 100-, and 200-day, all of which now serve as layered resistance. This alignment typically signals an ongoing corrective phase rather than the start of a new uptrend. Buying activity helped defend $1.60 recently, sparking a modest bounce, but the rebound lacked depth without meaningful volume—a sign that larger investors remain cautious.

Momentum indicators are similarly neutral, opening the potential for either fresh losses or a gradual uptick, depending on how broader market conditions develop. NEAR’s first upside target stands at the 200-day moving average around $1.80, with further resistance at the 50-day and 100-day averages. A recovery above these levels could spark renewed bullish interest, but if support at $1.60–$1.62 breaks decisively, NEAR risks erasing gains from earlier in the summer.

Currently, the charts show no clear evidence that buyers have regained control, leaving the possibility for either continued stabilization or another leg down.

Mini dictionary: Near Protocol is a high-performance blockchain designed to provide fast, scalable solutions for decentralized applications. It employs sharding to increase transaction throughput and reduce fees.

Solana trading sideways amid uncertainty

Solana, another leading smart contract blockchain, continues to trade in a tight band following a recovery from June lows. The price remains rangebound between $73 and $75, with neither bulls nor bears dominating the current market.

The convergence of the 20-day and 50-day moving averages near the current price signals a transition to a neutral phase. Solana is holding above the higher low established in June but has yet to muster enough buying power to recapture higher resistance levels. The RSI hovers near 45, reflecting balanced market sentiment.

Trading volumes for SOL have dwindled in recent weeks, indicating hesitation among traders until a new catalyst emerges. Should buyers reclaim the 100-day moving average around $79, the next psychological target would be $85. The area between $71 and $72 remains the primary support, and a break below could expose June’s lows at $64.

Solana appears to be forming a base after months of weakness. However, a sustained move above the 100-day average and stronger trading volume would be necessary to signal a shift away from the broader downtrend.

Cardano outperforms with key breakout

Cardano surged through several important moving averages within a brief window, posting its strongest technical performance in weeks. The rally brought ADA closer to $0.20, outpacing peers and overcoming resistance that had previously halted recoveries since May.

Unlike many other large-cap altcoins, Cardano now trades above both the 20-day and 50-day moving averages. ADA is currently testing the declining 100-day moving average near $0.197, the last major obstacle before a more sustainable trend reversal might be established.

Trading volume climbed sharply during the breakout, indicating that active buyers, rather than short covering, drove the move. As long as ADA maintains its position above the reclaimed averages, technical momentum remains positive.

The RSI for Cardano climbed above 65 during the breakout, reflecting growing bullish momentum. Although approaching overbought levels, sustained trends can keep RSI high for extended periods.

The first key support for ADA sits at the 50-day moving average near $0.18, followed by the 20-day at $0.17. Holding these levels would preserve the recent series of higher lows, considered vital for an extended recovery trend.