This move shows that the three cryptocurrencies are in different technical phases at the same time. [Photo: ChatGPT]

Shiba Inu (SHIB) has given up most of the technical rebound signal it secured after a sharp rise in late July and has slipped back toward key moving averages. Ethereum (ETH), by contrast, is narrowing the gap between its 50-day and 100-day averages, increasing the likelihood of a bullish crossover. Hyperliquid (HYPE) has broken above a short-term resistance line, showing a relatively stronger recovery.

According to blockchain outlet U.Today on Aug. 14, SHIB is trading at about $0.00000448, pulling back to around its 50-day moving average of $0.00000445. In late July it surged to about $0.0000058 and moved above the 50-day line, but it has since surrendered most of those gains.

Its medium-term resistance line has also moved further away again. Shiba Inu’s 100-day moving average is formed at about $0.00000493. It traded above that level during the surge but quickly fell back. With lower highs since then, the gap between the current price and the 100-day line has widened to about 10 percent. It posted the strongest daily rise in recent months, but it did not leave a breakout sufficient to confirm a medium-term trend shift.

The long-term trend is weaker. The 200-day moving average is at about $0.00000583 and is still falling. The relative strength index also entered overbought territory during the July surge but has now dropped to around 45. That shows how quickly recent upward momentum has weakened. The base at about $0.0000041 to $0.0000043 formed in June and July is still holding. If that support zone holds, the possibility of another rebound attempt remains.

ETH is relatively positive. Trading at around $1,890, ETH sits between its 50-day line at $1,818 and its 100-day line at $1,920. The 50-day line, which had been falling, has turned upward and is narrowing the gap with the 100-day line. That brings it closer to conditions for a golden cross, a bullish crossover between the two moving averages.

The $1,920 to $1,950 zone remains strong resistance. Whether ETH can break above and hold that area is expected to determine the next move higher. The RSI is around 52.6, indicating it is not overheated, but the 200-day line is falling at about $2,135, making it difficult to say the long-term trend has fully turned.

HYPE showed the strongest short-term move among the three. It rose about 3.5 percent over the past day to $58.04, breaking above both the short-term moving average at $56.93 and the 100-day line at $56.66. That makes it important whether the $56 to $57 range becomes a new support level.

The next hurdle is the 50-day line at about $60.85. A breakout to that level would increase the likelihood of extending beyond a simple short-term rebound into a bigger recovery. The 200-day line, meanwhile, is rising at about $50.89, giving it a comparatively solid long-term support base.

The technical setups for the three coins are diverging. SHIB needs to regain rebound momentum, ETH needs confirmation of a golden cross and a break above $1,920, and the key variable for HYPE is whether it can clear resistance at $60 to $61.

Keyword

#Shiba Inu #Ethereum #Hyperliquid #RSI #golden cross
Copyright © DigitalToday. All rights reserved. Unauthorized reproduction and redistribution are prohibited.