Foreign media commentators noted that after a recent pullback, Bitcoin, Shiba Inu, and Near Protocol have all reached key price areas. The article argues that whether the market stabilizes in the short term depends on whether support levels hold and whether buying pressure returns to the market.
Bitcoin fell back to around $74,000.
The article mentions that Bitcoin had previously broken through $82,000, but subsequently continued to decline, currently hovering around $74,000. The price is also below the 50-day, 100-day, and 200-day moving averages, and the upward trend line formed since the April lows has been breached, indicating a significant weakening of the short-term structure.
However, the Relative Strength Index (RSI), which measures momentum, has fallen to around 38, a low in recent weeks. Foreign media outlets believe this usually indicates that selling pressure has reached a point of waning, but it doesn't necessarily mean prices will immediately reverse.
The article mentions a key support zone between $72,000 and $74,000. If this area continues to hold, Bitcoin may first attempt to return to the vicinity of the 5-day moving average, and then look at the moving average resistance zone around $76,000 to $77,000. The article also points out that current trading volume remains relatively moderate, indicating that some institutional funds may still be waiting for a clearer stabilization signal.
SHIB is approaching the rising support line again.
Shiba Inu is currently trading around $0.0000055. The article states that an upward trendline formed since March is providing support again; this line has triggered several rebounds previously and is therefore a key area to watch in the short term.
However, from a broader perspective, SHIB remains in a weak range. Prices are still below the 50-day, 100-day, and 200-day moving averages, and after previously encountering resistance near the 100-day moving average, they have fallen back again, indicating that sellers still hold the initiative.
Foreign media reports indicate that SHIBOR's RSI has fallen to around 37, approaching oversold territory. Meanwhile, trading volume did not increase significantly during the pullback, suggesting that a stronger panic sell-off has not yet occurred. If the current support holds, prices may have a chance to recover towards the 50-day and 100-day moving averages. The article also mentions that declining exchange reserves and discussions surrounding supply contraction remain factors supporting market sentiment.
NEAR enters its first significant pullback.
After a recent rapid rise, NEAR is testing its first major support level. The article states that the token rose from below $1.60 to near $2.90 within a few days, then entered a consolidation phase, currently stabilizing in the $2.20 to $2.30 range.
Foreign media believe that this pullback is still limited compared to the previous gains, and is more like a normal cooling down after a rapid rise. Technically, NEAR is still above the 50-day, 100-day, and 200-day moving averages, and the 200-day moving average has been regained, which is usually seen as a signal of improvement in the medium-term structure.
The article also mentions that NEAR's trading volume remains higher than in April and early May, indicating that market attention has not significantly diminished. While its RSI has moved out of overheated territory, it remains above 60, showing that bullish momentum has not completely disappeared. If the $2.20 level holds, NEAR may form a higher low and attempt to approach the $2.80 to $2.90 area again.
