Shiba Inu (SHIB), Dogecoin (DOGE), XRP and Binance Coin (BNB) Price Analysis for Oct. 24: Can Bullish Pace Be Preserved?

In Brief

• Shiba Inu (SHIB): trades near $0.00000508 under bearish pressure, with resistance at $0.00000530–$0.00000550 and support at $0.00000500.
• Dogecoin (DOGE): trades around $0.07958 in an extended downtrend, with resistance at $0.0850–$0.0880 and support near $0.0780.
• XRP: trades around $1.3045 below its descending long-term moving average near $1.38, with support at $1.30 and resistance at $1.35.
• Binance Coin (BNB): trades near $743.70 above its longer-term trend indicators, with support at $710–$720 and resistance at $750–$760.

Shiba Inu (SHIB) Bearish Pressure Caps Recovery

Shiba Inu (SHIB) continues to face bearish pressure on the daily chart, with the token trading near $0.00000508 after failing to preserve its recent recovery. The broader market structure remains vulnerable, characterized by lower highs and persistent resistance from important moving averages. 

The immediate resistance zone lies between $0.00000530 and $0.00000550, where several short-term moving averages converge. A sustained breakout above this area could encourage buyers to challenge $0.00000580, followed by the psychologically crucial $0.00000600 level. However, the descending long-term moving average continues to reinforce the wider bearish outlook. 

On the downside, $0.00000500 represents immediate psychological support. Losing this level could expose SHIB to further declines toward $0.00000470 and $0.00000450.

The Relative Strength Index (RSI) remains below the neutral 50 level, suggesting that bearish momentum still dominates despite signs of stabilization. Trading volume has also moderated following earlier volatility, indicating limited buying conviction. Unless SHIB reclaims its nearby moving averages with stronger volume, the token could remain vulnerable to renewed selling pressure. A decisive move above $0.00000550 might offer an initial indication that short-term sentiment is improving.

Dogecoin (DOGE) Extended Downtrend Persists

Dogecoin (DOGE) remains under significant selling pressure, trading around $0.07958 on the daily chart as bearish momentum continues to dominate. The cryptocurrency has experienced an extended downtrend throughout 2025, with repeated recovery attempts failing to establish sustained upward momentum. Its recent rejection near $0.1000 reinforced the prevailing bearish structure, pushing DOGE below several crucial moving averages.

The immediate resistance zone stands between $0.0850 and $0.0880, where short- and medium-term moving averages are clustered. A decisive breakout above this area could open the door toward $0.0920, where the descending long-term moving average presents another significant obstacle. 

Beyond that, the psychological $0.1000 level remains a critical target for any meaningful bullish recovery. On the downside, immediate support is located around $0.0780, followed by $0.0750. A sustained breakdown below these levels could accelerate selling pressure toward $0.0700, an area that previously attracted buying interest during the summer consolidation phase.

The Relative Strength Index (RSI) is hovering near the lower part of its neutral range, reflecting weak buying momentum without indicating deeply oversold conditions. Meanwhile, declining trading volume following recent volatility suggests that market participants remain cautious about opening aggressive long positions.

XRP Sellers Stay in Control Below $1.38

XRP continues to face bearish pressure on the daily chart, trading around $1.3045 as sellers maintain control following the cryptocurrency’s recent rejection from higher resistance levels. Despite a strong recovery from its August lows near $1.00, XRP has struggled to sustain bullish momentum, with its current decline pushing prices below several crucial moving averages. 

The broader technical structure remains uncertain, especially as XRP trades under its descending long-term moving average near $1.38. This level represents a significant barrier for buyers trying to reverse the prevailing downtrend. Meanwhile, the recent rejection from the $1.50–$1.60 area highlights persistent selling pressure whenever the cryptocurrency approaches higher price levels.

Immediate resistance is located around $1.35, followed by the $1.38–$1.40 region, where multiple moving averages converge. A sustained breakout above this area could strengthen buying momentum and potentially open the door toward $1.45 and $1.50. However, XRP would need stronger trading volume and consistent daily closes above these levels to confirm a meaningful bullish reversal.

On the downside, $1.30 represents immediate psychological support. A decisive breakdown below this level could expose XRP to further losses toward $1.25, followed by the important $1.20 support area. If selling pressure intensifies, the wider $1.10–$1.15 region could emerge as the next downside target.

Recent price action shows that buyers are trying to stabilize the market, but recovery attempts remain limited. Trading volume has also declined compared with earlier breakout sessions, indicating reduced participation. Unless XRP successfully reclaims the $1.38–$1.40 resistance area, the short-term outlook remains cautious, with consolidation or additional downside pressure likely.

Binance Coin (BNB) Holding Above Key Trend Indicators

Binance Coin (BNB) is showing signs of stabilization on the daily chart, trading near $743.70 following a corrective decline from its recent highs around $800. Unlike several major cryptocurrencies struggling below their long-term moving averages, BNB continues to trade above its key longer-term trend indicators, suggesting that its broader recovery structure remains relatively constructive.

The cryptocurrency experienced a strong bullish reversal starting in August, climbing from approximately $580 toward the $800 area by late September and early October. However, profit-taking near this resistance level triggered a pullback toward $720, where buyers have recently tried to regain control.

Immediate resistance is located between $750 and $760, an area that has repeatedly influenced recent price movements. A sustained breakout above this region could encourage renewed buying interest, potentially pushing BNB toward $780 and the psychologically significant $800 level. 

A successful move beyond $800 would strengthen the bullish outlook and signal a probable continuation of the wider upward trend. On the downside, initial support is placed around $730, followed by the $710–$720 area. This region represents an important short-term demand zone where buyers previously stepped in. 

The Relative Strength Index (RSI) is hovering around the neutral 50 level, suggesting that bullish and bearish forces are relatively balanced. This indicates that BNB is neither significantly overbought nor oversold, leaving room for a directional move. 

Meanwhile, the recent consolidation around $740 shows that sellers may be losing momentum after the latest correction. Nevertheless, buyers still need to demonstrate stronger conviction through rising trading volume. As long as BNB maintains support above $710–$720, its broader recovery structure remains intact. A decisive breakout above $760 could offer the next significant bullish confirmation, while failure to defend nearby support may lead to deeper consolidation.