web3: Foreign media: Divergent short-term trends among XRP, BNB, HYPE, and DOGE
U.Today
08-28 13:44
Ai Focus
Foreign media reports that XRP, BNB, HYPE, and DOGE have shown divergent trends recently, with the market focusing on their respective key support and resistance levels.
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Foreign media analysis suggests that after a rapid upward movement in August, the native tokens XRP, BNB, Hyperliquid, HYPE, and Dogecoin DOGE have entered different phases of development. While all these assets have maintained a rebound structure, there has been a divergence in short-term momentum, and the market is now focusing on whether they can continue to see increased trading volume and break through near their previous highs.

XRP Focus on the $1.35 support level

XRP It once rose to around $1.70, but then fell back to around $1.42. The article argues that the $1.35 level is currently the most important support. This area corresponds to the long-term moving average and has been providing resistance for most of this year.

Currently, although XRP has pulled back from a high level, it has not yet fallen below this position. If the price can hold above $1.35, the upward trend that began around $1.00 earlier on can still be maintained. If it loses this support, the market may turn to test the $1.20 to $1.23 range, followed by support around $1.13.

The article also mentions that the RSI of XRP is still at a relatively high level, around 72. This indicates that there is still momentum for short-term gains, but after a series of rapid increases, the need for consolidation is also increasing. The first target range is between $1.50 and $1.55; if it can stabilize again at this level, the previous high of $1.70 may come into view once more.

BNB Consolidated after breaking above $700

BNB has recently risen rapidly from around $600 to above $700, and is now trading at around $706. Analysis suggests that the key to this upward movement lies in the effective breakthrough of the long-term moving average around $647, which has turned what was previously a resistance level into a support level in the recent period.

However, the BNB short-term trend also showed signs of overheating. Its RSI has risen to around 80, and the K-line bodies in the range of $700 to $720 have begun to shrink, indicating that as buying pressure pushes upward, selling pressure is increasing.

Structurally, BNB is still operating above multiple moving averages, with short-term support levels at $643, $617, and $603 respectively. Resistance above lies in the range of $720 to $730. If there is a breakout with increased volume, the article suggests that prices have the potential to move further towards $760 to $800; if there is a pullback due to resistance, $680 will become the first observation point, followed by the $640 to $650 breakout zone.

HYPE remains strong, while DOGE continues to face obstacles

HYPE is one of the strongest-performing assets mentioned in the text. Since the token started trading in the $55 to $57 range, it has subsequently broken through the $60 and $75 levels, with the latest trading price at around $82.60. The recent high has approached $84. The article states that HYPE is currently in a price-discovery phase, with fewer historical resistance levels above that price.

Nevertheless, the RSI of HYPE has also risen to around 77, and the short-term trend is similarly bullish. The current price is consolidating between $79 and $84. If it breaks through $84 to $85, the next target could be $90; if there is a pullback, $78 to $80 would be the first support level, and further declines might see prices revisit the $70 to $68 range.

In contrast, although DOGE has rebounded significantly from its August lows, it has not yet completed a more substantial reversal of trend. Its price once approached $0.10 and has now fallen back to around $0.0877. The article points out that the long-term moving average around $0.095 remains the main resistance level, which is also a key factor in determining whether the rebound can escalate.

Currently, DOGE has once again crossed above multiple short-term moving averages, with 0.081 USD, 0.079 USD, and 0.074 USD forming support levels below. RSI has fallen from its high to around 67, indicating that the short-term overheating has eased somewhat. If it manages to break through the range of 0.095 to 0.10 USD, the market may once again focus on the 0.11 to 0.115 USD range; if it fails to recover, prices could test the 0.081 to 0.079 USD area again.

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