Bitcoin lost momentum after being rejected near $81,000, a level close to its 200-day moving average. After a short-term uptrend faded, the asset slipped below several key moving averages, while the RSI signaled that buyers no longer held the same strength seen in the prior rally. Current chart action points more to a cooldown and profit-taking phase than to a full market breakdown.
Traders are closely watching the $75,000-$76,000 area as the key support zone for Bitcoin. A failure to hold that range could open the door to a sharper wave of weakness. Even so, Bitcoin still appears structurally stronger than many other crypto assets and continues to act as the market’s main anchor.
Ethereum loses momentum below key resistance
Ethereum has struggled to reclaim $2,500, which remains the main resistance level in focus. Technically, ETH is still trading below its 50-day, 100-day, and 200-day moving averages, and it has already broken lower from a descending triangle pattern. Once Bitcoin slowed, Ethereum quickly gave up its own momentum as well.
If selling pressure persists, ETH could drift back toward the $2,000 area. Market participants are also watching activity in DeFi and signs of institutional demand to judge whether support can form around lower levels.
SHIB weakens on exchange flows while XRP holds support
Shiba Inu has been hit harder than most major tokens. It fell below its rising wedge structure and now trades under all major moving averages. On-chain data shows that billions of SHIB tokens have moved to exchanges, adding to selling pressure from large holders. With risk appetite fading, SHIB has been one of the clearest casualties of weakness in both Bitcoin and Ethereum.
Its technical signals are nearing oversold territory, but there is still no clean indication of a sharp rebound. XRP, by contrast, has been steadier. It has held support around $1.30-$1.32 and continues to consolidate below its 100-day and 200-day moving averages. Repeated upside attempts have failed, and lower trading volumes suggest that participants remain cautious about putting on large positions. For XRP to revisit the $1.45-$1.50 range, Bitcoin likely needs to stabilize first.
HYPE stands out as one of the few stronger names
One of the rare areas of resilience has been HYPE, the native token of Hyperliquid. The project, tied to decentralized exchange and perpetual futures infrastructure, has stayed above all major moving averages and has shown quick rebounds after pullbacks. Its RSI remains firm without signaling an overstretched move.
That setup suggests demand has been more than short-term speculation. Across the market, the current picture separates into three broad groups: relatively stable assets led by Bitcoin, large-cap coins struggling to regain momentum, and a small group of selective projects such as HYPE attracting attention. Still, the article notes that even the strongest structures could fall quickly if Bitcoin enters a deeper correction.