Foreign media commentators believe that the cryptocurrency market has become increasingly polarized recently. While NEAR has retreated after its surge in May, its overall structure has not yet shown significant weakness; DOGE's momentum has slowed after breaking below key price levels; and XRP is approaching a significant support zone, facing a choice in its short-term direction.
NEAR retains most of its gains
The article states that NEAR experienced a rapid upward surge in May, with its price approaching $3. Although a pullback followed, NEAR has still preserved a significant portion of its rebound compared to many altcoins that have given back most of their gains.
From a trend perspective, short-term moving averages continue to rise and are gradually approaching long-term moving averages. Foreign media believe that if prices can stabilize near the current level instead of continuing to decline, market attention to its medium-term upward trend may further intensify.
However, NEAR is currently in a sensitive position. The article mentions that the price is testing support near the 50-day moving average. If this level is breached, the downside could target the $1.60 to $1.65 area. In terms of trading volume, the breakout phase saw a significant increase, but recently both buying and selling pressure have weakened, suggesting consolidation rather than a continuation of the trend.
DOGE falls back below key range
In contrast, the DOGE chart is weaker. The article points out that after falling below the psychological level of $0.10, the DOGE has returned to a weaker range. The rebound in May failed to continue, and the price has fallen back below several major moving averages.
Foreign media believe that the resistance around $0.11 to $0.12 has formed a relatively clear temporary high. At the same time, the upward support line maintained since February is also becoming fragile. If the $0.095 to $0.097 range is effectively broken, DOGE may return to the liquidity zone around $0.085.
The article also mentions that the trading volume during DOGE's rebound failed to increase sustainably, indicating that the funds chasing the rally were not stable. As Bitcoin's dominance stabilizes, funds flowing into highly volatile meme coins have also decreased, weakening DOGE's momentum for further upward movement.
XRP approaches horizontal support level
Of the three, XRP faces the most direct short-term test. The article states that XRP has been trading within a descending triangle for several months, and the current price is approaching the horizontal support zone of $1.28 to $1.30, while the lower lows continue to move downwards, limiting the potential for a rebound.
Foreign media believe that this structure usually indicates weakening buying support. Since March, XRP has repeatedly failed to regain its footing above the downtrend line during its rallies, while horizontal support has been repeatedly tested. After support levels are touched multiple times, buying pressure tends to gradually dissipate.
If the daily chart clearly breaks below the current support, the article suggests the market may first target the $1.15 to $1.20 area; if selling pressure intensifies further, the $1.00 level may re-enter the market. Conversely, if XRP can quickly recover to the $1.40 to $1.45 area, the aforementioned weak structure may be alleviated.
Overall, this commentary views NEAR as a relatively more stable asset, while DOGE and XRP are in a more sensitive position. In the short term, changes in trading volume and whether key support levels can be held will remain key areas of market observation.
