Hyperliquid (HYPE), Near Protocol (NEAR), Shiba Inu (SHIB) and Dogecoin (DOGE) Price Analysis for July 23: Bulls Reclaim the Steering Wheel

Original U.Today article Hyperliquid (HYPE), Near Protocol (NEAR), Shiba Inu (SHIB) and Dogecoin (DOGE) Price Analysis for July 23: Bulls Reclaim the Steering Wheel Price Analysis By Arman Shirinyan Thu, 23/07/2026 - 0:01 Bulls might reclaim more traction on the market after the beginning of the new week is celebrated with an elevated liquidity. Advertisement Cover image via depositphotos.

com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.

Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies.

Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Near Protocol's ResistanceShiba Inu Looks WeakerDogecoin Does It Better Advertisement Following one of the biggest market rallies of the year, Hyperliquid is currently experiencing its first significant correction.

Before sellers intervened forcefully and drove HYPE back towards the crucial $58 support zone, the asset briefly traded close to the $75–76 range. The fact that HYPE is still above its 100-day EMA at $57 is the strongest directional signal right now. This moving average, which served as dynamic support during the advance, is currently being tested for the first time since the breakout.

The larger uptrend would continue if this level were maintained. But momentum is obviously losing ground. HYPE/USDT Chart by TradingViewDaily candles continue to display lower highs since the June peak, the RSI has dropped toward 40, and the 20-day EMA has rolled over.

Compared to the buying frenzy that accompanied the move from $40 to above $70, volume has also significantly decreased. Bulls have good news: the long-term structure is still positive. HOT Stories Hyperliquid (HYPE), Near Protocol (NEAR), Shiba Inu (SHIB) and Dogecoin (DOGE) Price Analysis for July 23: Bulls Reclaim the Steering Wheel $16.

3B Pension Fund Boosts Bitcoin Exposure While the 50-day EMA is currently at $64.7, the 200-day EMA is still rising toward $50. Buyers might attempt another move toward $65 and ultimately $70 if HYPE can hold above $57-$58.

Advertisement A deeper retracement toward the 200-day EMA around $50 would probably result from a clear breakdown below the 100-day EMA. HYPE is no longer in breakout mode at this time. The market is evaluating whether the prior rally was sustainable or overly speculative during this validation phase.

Near Protocol's ResistanceDespite being stuck within a wide consolidation range, NEAR is exhibiting much greater resilience than many other altcoins. NEAR has been building a base above its long-term trend indicators for several weeks, in contrast to HYPE, which is correcting following a significant rally. While the 200-day EMA near $1.

82 still offers structural support, NEAR is trading directly above the 100-day EMA around $1.87. NEAR/USDT Chart by TradingViewAs a result, the support cluster between $1.

82 and $1.87 is rather strong. Bulls have also failed to recover the 50-day EMA at $2.

02. Over the past month, every attempt at a recovery has stalled in the $2.00–$2.

10 range, creating a clear resistance area that needs to be broken before a long-term uptrend can begin. The current equilibrium is reflected by an RSI of about 45. Advertisement The sideways price movement observed throughout July is consistent with neither buyers nor sellers having established dominance.

The overall outlook is still fairly optimistic. NEAR continues to print higher lows on the longer timeframe and has effectively recovered from sub-$1 levels earlier this year. You Might Also Like Wed, 07/22/2026 - 12:15 XRP Ledger Suddenly Jumps Above 500,000 Payments Threshold ByArman Shirinyan The predominant interpretation is accumulation as long as the asset stays above the 200-day EMA.

$2.00 is the key level to watch. A clear breakout above it could put NEAR back above all significant short-term moving averages and pave the way for a move to $2.

30–$2.50. On the other hand, much of the recovery structure developed over the previous few months would be rendered invalid if the $1.

82 support zone were lost. Shiba Inu Looks WeakerFrom a technical standpoint, Shiba Inu is still among the weakest large-cap cryptocurrencies available. Every significant attempt at a recovery has been rejected at important moving averages, and the daily chart displays a consistent pattern of lower highs and lower lows that has persisted for nearly a year.

SHIB/USDT Chart by TradingViewThe failed ascending channel that formed between March and May is the chart's most noticeable feature. Sellers intervened close to the 100-day EMA and forced a breakdown below support, but SHIB momentarily appeared poised to establish a medium-term reversal. The asset has not