Dogecoin, Hyperliquid, Shiba Inu Test Support Levels Amid Rally Uncertainty
In brief
- Dogecoin positioned at $0.0823 within key support cluster between $0.080 and $0.082.
- Hyperliquid trading near $84 after 40% August surge, consolidating rather than retracing.
- Shiba Inu holding above $0.000005 with key moving average recovery signaling positive momentum.
Dogecoin Consolidates Near Support
Dogecoin is trading at $0.0823, positioning the price right in the middle of a cluster of short-term technical support. The area between $0.080 and $0.082 represents the most significant support zone, where both the 100-day EMA around $0.0816 and the short-term moving average near $0.0806 converge. This overlap creates a strong foundation for the token.
Dogecoin dropped from its most recent peak of $0.095 after buyers attempted to defend the price. Prior to the pullback, DOGE accelerated from about $0.070 and came very close to the 200-day EMA at about $0.0945. However, the 200-day EMA generated a strong rejection, indicating the overall trend has not yet entirely turned in favor of buyers.
Momentum has significantly decreased, with the RSI dropping to about 55 after going into overbought territory. If Dogecoin holds the $0.080 level, the first recovery targets are $0.086 and $0.090, then another attempt at $0.094–$0.095.
Hyperliquid Extends Gains in Consolidation
Hyperliquid is trading at about $84 following a strong breakout from the $58–$60 range. Rather than immediately retracing, the asset has established a consolidation range close to its recent highs. The price has fluctuated between roughly $79 and $86 on several occasions, with buyers absorbing selling pressure around $80.
HYPE has increased by over 40% since the August breakout, extending the market relative to its underlying averages. The 50-day and 100-day moving averages are roughly $63.7 and $62.5 respectively, while the short-term average sits around $72.8. The 200-day EMA remains much lower, at about $55.
The RSI moved well into overbought territory before cooling to about 69. The immediate barrier is between $85 and $87. If this range were to be broken, $90 would be in play, followed by the psychologically important $100 target.
Shiba Inu Recovers Key Averages
Shiba Inu is currently trading at about $0.00000518, marginally above the $0.000005 level. The positive development is that SHIB has recovered the 100-day EMA around $0.00000498 and the short-term moving average around $0.00000501. This recovery suggests accumulation on the bullish side, though broader confirmation remains pending.
