Shiba Inu (SHIB), Bitcoin (BTC), Near Protocol (NEAR) and Hyperliquid (HYPE) Price Analysis for August 16: Foundation for Market Recovery

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Shiba Inu trades at $0.0000453, up 1.6% on the day, but remains well below its 200-day moving average at $0.00000581, keeping the broader bearish trend intact. Bitcoin declines to approximately $62,587, down 1.2%, with the RSI at 40.65 indicating further room to fall before reaching oversold territory, with significant support lying between $61,500 and $62,000. Near Protocol continues to struggle below its major moving averages, repeatedly failing to convert dynamic resistance levels into support, leaving it in a technically vulnerable position. Hyperliquid attempts to establish itself around $56-$57 after rebounding from the $51-$52 range, where the long-term moving average near $50.90 contained the recent correction.

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Telemac
Telemachttp://cryptoinfo.ch
Passionné de nouvelles technologies, j’explore l’univers de la blockchain et des cryptomonnaies pour partager l’actualité et les innovations du secteur.

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