Resistance

XRP long-term rally
Dogecoin’s key barrier

Shiba Inu’s price action is coiling tighter inside a clearly defined symmetrical triangle, signaling that the company is about to reach a significant turning point. SHIB has been consolidating for weeks at a price of about $0.0000126, and the structure indicates that a breakout, either up or down, is nearly certain in the upcoming sessions. SHIB repeatedly tests both resistance and support on the chart, and traders’ indecision is reflected in the shrinking volatility.

Strong resistance barriers, especially around $0.0000132-0.0000140, are still the 100-day and 200-day EMAs hanging over the market. On the downside, support has remained strong around $0.0000120, which has kept SHIB afloat in spite of more general market volatility. Due to the price action’s narrowing, SHIB is essentially forced to make a decision quickly. It appears that market participants are positioning themselves in anticipation of a breakout, as volume levels have begun to slightly increase.

SHIB/USDT Chart by TradingView

The RSI at 48 indicates neutrality, which lends more credence to the idea that momentum created at the triangle’s tip will probably dictate the next significant move. SHIB may be ready for a more forceful reversal attempt if it can close firmly above $0.0000135. The breakout may aim for the $0.0000150-0.0000160 range. SHIB runs the risk of revisiting lows close to $0.0000105, though, if support at $0.0000120 breaks. This could deepen the bearish sentiment into Q4.

Finally, SHIB’s window for sideways drift is closing. According to the symmetrical triangle, SHIB will need to take action within the next few weeks, if not sooner. While patience is needed for the time being, the momentum that results from the breakout could determine SHIB’s course for months to come. SHIB’s only real opportunity to choose its next course is now: either slip into another downward leg or bounce back toward recovery.

XRP long-term rally

The market structure suggests that this move might end up being a fakeout rather than the start of a long-term rally, even though XRP is once again putting its resiliency to the test at the $3.00 mark. As the price of XRP tightens toward the apex of a classic triangle pattern, which typically results in an explosive breakout, the cryptocurrency is currently consolidating within this pattern. What is noteworthy, though, is the essentially nonexistent trading volume, which raises questions about the strength of any quick upward move. Low volume usually indicates that both buyers and sellers are not very convinced.

Dogecoin’s key barrier

Once again displaying signs of life, Dogecoin is trading close to $0.224 as it approaches the breaking of a crucial resistance barrier. Examining the daily chart, DOGE has been able to recover its short-term upward trend by rising above the ascending support line, demonstrating its resilience even on an uncertain market. Before DOGE tries a wider rally, the 50-day EMA, which is currently the last significant resistance, is the final technical obstacle that needs to be addressed.

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With higher lows and strong buying support near $0.21, the price action demonstrates how DOGE has been steadily rising since mid-July. Investor confidence has already somewhat recovered, with the move back above the 100-day and 200-day EMAs, but the 50 EMA still serves as a ceiling. If DOGE closes decisively above this line, momentum may change in its favor, and it may soon target the $0.25-$0.27 region. The support area around $0.21 is still very important on the downside.

Should DOGE break below this level, it could be subject to a potential retest of $0.19, which would reverse a large portion of the recent bullish buildup. The comparatively stable volume, however, indicates that buyers are still prepared to support DOGE’s current structure. The next move will solely depend on DOGE’s ability to turn resistance into support, as the RSI around 50 indicates market neutrality.

Particularly considering DOGE’s standing as a momentum-driven asset, a successful breakout might spark fresh interest from both retail and speculative investors.

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One of the crypto industry’s central lobbying aims — to protect software developers from being held legally responsible when criminals abuse their technology — may be in jeopardy from Democrats led by U.S. Senator Mark Warner, according to people familiar with legislative negotiations.

The Senate is set to return to work in Washington next week, with the completion of a crypto market structure bill as one of its top agenda items. In the bipartisan talks over that bill, Warner is said to have held reservations about the approach in the U.S. House of Representatives’ version of the bill known as the Digital Asset Market Clarity Act, which gave developers legal cover, according to three people with knowledge of the negotiation.

Warner, a Virginia Democrat who is the vice chairman of the Senate Select Committee on Intelligence, maintains a close focus on national security issues, and he’s said to have balked at the rampant hacks and money laundering concerns that he’s associated with the decentralized finance (DeFi) end of the crypto sector. In the past, he’s raised objections over reports that cryptocurrency may have been used to move assets to terrorist groups, and he pushed a bill in 2023 that looked to saddle DeFi platforms with the same anti-money laundering (AML) requirements that traditional finance firms must meet — a potentially existential threat to the way the decentralized projects operate without core management.

Back then, Warner said such an effort would “help maintain the robust AML and sanctions enforcement we need to protect our national security, while allowing participants who play by the rules to continue to take advantage of the potential of distributed ledger technologies,” additionally noting his views that “criminals and rogue states continue to use crypto to launder money, evade sanctions, and conceal illicit activity.”

Then he pursued an appropriations provision last year that would have automated a process to sanction “foreign digital asset transaction facilitators” – including crypto exchanges – linked to users who support terrorism groups. So he has a background in seeking to hold digital assets insiders responsible for the illicit use of their products.

A spokesperson for the senator didn’t immediately respond to a request for comment on his position in the latest negotiations, but Republican senators have been seeking to fast-track the Senate’s market structure bill, trying to follow the House in a wide, bipartisan approval.

Warner is among the Democrats on the Senate Banking Committee — one of the two panels that needs to come to agreement on the crypto legislation before it can move on to a floor vote.

Unlike with the more aggressive stance of fellow Democrat Senator Elizabeth Warren, the industry generally sees Warner as a member with a balanced view on crypto issues, having supported the sector in previous votes, such as in the recent passage of the bill to regulate U.S. stablecoin issuers — still standing as the industry’s biggest achievement in Washington. Digital assets political organization Stand With Crypto gives him an “A” grade as a lawmaker who “strongly supports crypto.”

When the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act was still moving through the Senate before its passage by a wide margin in June, some Democrats had halted the process on that bill to object to security and illicit-finance aspects of the industry (in addition to the potential conflicts posed by President Donald Trump’s own stablecoin business interests.) The disagreements were kicked down the road in favor of an easy passage of that earlier bill, with the knowledge that this market structure legislation would be a better place to hash out those concerns.

That debate is now arriving for the bill that’s the lynchpin of the digital assets sector’s Washington plans. This legislation to set out tailored regulations for U.S. crypto transactions is seen as necessary for the industry to come into its own and to bring remaining institutional players and hesitant retail investors into the realm of digital tokens.

Behind closed doors, crypto lobbyists are wondering if Warner’s background in venture-capital work for technology firms will help them make a case for protecting software-writing innovators from legal liability. In light of cases such as Tornado Cash developer Roman Storm’s recent criminal conviction, the urgency to establish a shield is amplifying.

Read More: Roman Storm Guilty of Unlicensed Money Transmitting Conspiracy in Partial Verdict

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Shiba Inu (SHIB): Only Chance to Decide, XRP Fakeout or Rocket Higher? Dogecoin (DOGE): Last Resistance Left?

XRP long-term rally

Dogecoin’s key barrier

Crypto’s U.S. Policy Aims May Pivot on Resistance from Democratic Senator Warner