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Solana (SOL): SOL is testing the crucial $96–$98 support zone as momentum weakens, with a break below $96 potentially exposing $92–$93, while bulls need to reclaim $100–$104 to stabilize the structure.
XRP (XRP): XRP's breakdown below $1.35 has sharply weakened its technical setup, leaving $1.25–$1.28 as critical support and opening the door toward $1.20–$1.15 if that zone fails.
Bitcoin (BTC): BTC is losing short-term momentum around $75,000–$76,000, with $71,500–$73,500 forming the main support cluster, while a recovery above $77,000–$78,000 is needed to improve the near-term picture.
Tron (TRX): TRX remains compressed around $0.333–$0.335 rather than showing a major momentum breakdown, with $0.325–$0.330 supporting the structure and $0.340–$0.345 acting as the key upside barrier.
Solana enters correction
Following the dramatic August breakout that propelled SOL from about $75 to a peak above $110, Solana is currently undergoing its first significant test. Currently trading at about $97, the asset is well above the major moving averages that supported the broader reversal but significantly below its local high.
Weakening short-term momentum is the current issue. SOL consistently failed to break above $102–$104, and subsequent rallies resulted in ever-weaker attempts to move back toward $106–$110.
The price dropped below its short-term moving average near $98 due to the most recent decline, making the $96–$98 region especially crucial. The correction may continue toward $92–$93, where the long-term and rising medium-term moving averages are converging, if there is a persistent break below $96. This is an area of significantly stronger technical support.
Below it, $88–$90 is the next target. Having spent a large portion of the post-breakout period above 50, the RSI has also dropped toward the mid-40s. Even though SOL is far from oversold, this indicates that momentum is waning.
Bulls must reclaim $100 first. The short-term structure would be strengthened by a move above $104, but $110 remains the primary breakout level needed for a further increase.
XRP dives deeper
The technical picture for XRP has deteriorated far more sharply. After falling from the $1.40–$1.45 consolidation range, the asset is currently trading at about $1.27. The most recent daily candle drove XRP through about $1.35, which served as both the long-term moving average's location and horizontal support.
During the breakdown, selling volume also increased significantly, making it more difficult to dismiss the shift as typical intraday volatility. At $1.25–$1.28, XRP is currently testing another significant cluster where shorter moving averages are concentrated.
A relief rebound might result from holding this area, but the first significant resistance would then be the previous $1.34–$1.35 support. The abrupt loss of momentum is reflected in the RSI, which has dropped below 50 and continues to worsen.
XRP may move toward $1.20 and then the bigger breakout origin around $1.15 if $1.25 fails decisively. On the other hand, recovering $1.35 would offset a large portion of the immediate technical damage. Until then, there is still growing pressure on XRP's August breakout.
Is Bitcoin losing momentum?
After its August breakout, Bitcoin is losing short-term momentum, but the broader recovery structure remains intact. After another rejection from the $78,000 region and a steep drop through its fast-moving average, Bitcoin is currently trading around $75,600.
The sequence that has developed since Bitcoin peaked above $81,000 in early September is the current technical concern. Since then, buyers have been unable to retest that high, and multiple rebounds have stalled between $79,000 and $80,000.
After approaching overbought territory during the August rally, the RSI has dropped below 50. Additionally, selling volume increased after the most recent drop, indicating that the move warrants attention rather than being dismissed as minor volatility. However, Bitcoin has substantial support below.
While another rising average approaches $71,500, the blue and black moving averages converge between $72,500 and $73,500. In the event that $75,000 fails, $71,500–$73,500 becomes the primary technical support cluster.
Bitcoin must recover $77,000 to $78,000. $80,000–$81,500 remains the main resistance range above that. Until then, the market is correcting within the broader August recovery rather than forming a convincing continuation.
What's up with TRX?
Although TRX's volatility has significantly decreased, its short-term structure has also deteriorated. The asset is currently trading close to $0.3347, almost exactly within a dense moving average cluster. TRX rose back above $0.340 after bouncing from the early September decline toward $0.321, but it was unable to challenge the August high at $0.345–$0.350.
The price has returned to $0.333–$0.335 following the most recent rejection. This region is significant because it is where a number of short- and medium-term averages have converged. Maintaining it preserves the progressive higher-low structure that has been in place since June.
Losing it would expose approximately $0.330, with the much stronger long-term support around $0.325–$0.326 coming next. The RSI offers little directional confirmation and remains near neutral. In contrast to Bitcoin, TRX is compressing around its moving averages rather than undergoing a significant momentum breakdown.
The first level bulls must reclaim on the upside is $0.340. A move above $0.345 would indicate a much clearer continuation signal, while breaking that level would reopen the path toward $0.350.