CryptoPotato’s mid-August technical reviews paint a cautious picture across major digital assets, with Bitcoin and several altcoins testing critical support zones while a few show early stabilization signals.
Bitcoin was trading around $62,587 after a 1.2% daily decline, slipping below short-term moving averages. The immediate challenge is the $63,400–$63,900 resistance cluster; sellers retain short-term control, and the RSI has dropped to about 40.65. A decisive daily close below the $61,500–$62,000 support zone would weaken the current consolidation and open the $60,000 psychological level, followed by $58,000–$59,000 from late June. On the upside, Bitcoin needs to reclaim $63,900–$64,000 before testing $66,500, with longer-term resistance near $71,800.
Ethereum hugged support at $1,800 with a minor 2% weekly loss. After forming a lower high below $2,000, buyers failed to reclaim that level, leaving sellers positioned to push ETH toward a retest of $1,800. A break there could expose the $1,500 support where buyers stepped in during early July.
Among altcoins, XRP fell nearly 3% and is close to turning the psychological $1 level into resistance. Continued selling could prolong the downtrend that started in August 2025 and send XRP toward $0.80. Cardano’s ADA dropped 10% during the week, with $0.15 now the key support; a consolidation above that level would be healthier after its prolonged downtrend, but losing it could trigger new lows. BNB was the relative outperformer, closing the week 3% higher after confirming support at $580. It traded near $610, with a move above $630 supporting a potential rounded-bottom formation and a test of $690, though buy volume remained low.
Hyperliquid’s HYPE showed conflicting signals. It was rejected at $58 and has been making lower highs and lows since June’s $76 all-time high. However, a separate update noted HYPE recovered from the $51–$52 area, held the long-term moving average near $50.90, and was fighting to establish itself around $56–$57. A daily close above $56.50–$57 could open the $60–$61 resistance, while failure may force another retest of $53–$54; losing $50.90 would be more damaging.
Shiba Inu traded near $0.000453, up about 1.6% daily, but remained below short-term averages and the declining 200-day moving average around $0.00000581. Nearby resistance sat at $0.00000492, while key support was $0.00000440–$0.00000445. NEAR Protocol continued to struggle below major moving averages, with RSI still unable to hold above neutral 50; buyers must establish higher daily lows and reclaim short-term resistance to shift the bearish trend.
