Near Protocol, Shiba Inu, Chainlink and Ethereum: October Price Analysis and Market Outlook
An in-depth look at the current technical status of Near Protocol, Shiba Inu, Chainlink and Ethereum as of October 29, highlighting key support and resistance levels, moving averages, volume trends an
Near Protocol, Shiba Inu, Chainlink and Ethereum: October Price Analysis and Market Outlook An in-depth look at the current technical status of Near Protocol, Shiba Inu, Chainlink and Ethereum as of October 29, highlighting key support and resistance levels, moving averages, volume trends and RSI readings to help traders gauge potential future direction. In late October, four major altcoins-Near Protocol (NEAR), Shiba Inu (SHIB), Chainlink (LINK) and Ethereum (ETH)-exhibited a mix of consolidation and cautious bullish bias on their daily charts, offering several clear technical touchpoints for traders. Near Protocol Price Analysis And Key LevelsNear Protocol has been on a notable upward swing since early summer. The token began the year in the low‑$1.70s and surged to an all‑time high near $6.00 in mid‑October before retracing by roughly 24 %. The current price, hovering around $4.40, has been repeatedly tested by the 20‑day (cyan) and 50‑day (blue) moving averages, both of which sit close to the same zone.Despite the pullback, the long‑term averages (orange at $3.60 and black at $2.90) have not crossed the price, a signal that the overarching bullish trend remains intact. However, volume has tapered off since the October peak, with recent candles displaying a lack of substantial buying activity. The Relative Strength Index (RSI) sits near 48, a level that indicates the market has cooled off from September's overheating without turning bearish.The next crucial level for NEAR is the green horizontal line near $4.75, while a breakout beyond $5.60 could pave the way back to the previous peak. On the downside, $4.30 is the most immediate support that NEAR must hold; a break below this would trigger a move towards the $3.60 zone and deeper. A recovery in trading volume would be the first clear indication that a new bullish leg is beginning.Shiba Inu Trading Range And Resistance ZonesShiba Inu is currently trading around $0.0000049, well beneath both the short‑term and medium‑term moving averages. The orange line, ranging from $0.00000520 to $0.00000523, presents the first substantial resistance, while the long‑term black line at $0.00000555 is positioned significantly above the current price. The last few candles have been small, suggesting neither buyers nor sellers have taken a decisive stance. Support sits at $0.00000476, a level that has previously acted as a floor.A decline past this could see SHIB slide to $0.00000450 and then $0.00000430, which align with earlier summer lows. The RSI, at about 40, is neither overbought nor oversold, implying that there is still room for downward movement before the market risks becoming stretched. Should SHIB break above $0.00000555, it would fracture the long‑term trend line, turning a temporary bounce into a genuine uptrend. Chainlink's trajectory has been more volatile.Chainlink Volatility And Moving Average SupportThe token rose from roughly $7.00 in early July to nearly $15.80 at the end of September, but the price has since pulled back to the $11.00-$12.20 range. The orange moving average at $11.50 currently supports the price while the black long‑term average near $11.00 acts as a safety net. Above Chainlink, the blue line at $12.20 and the cyan line at $12.65 form the primary resistance zone-levels that every October rally has encountered without breaking.Trading volume has dwindled, and recent candles cast small shadows that point to a lack of firm buyers or sellers. If LINK can retake the $12.20 resistance, the next target would be $13.50, with a further pass beyond $12.65 potentially opening a path towards $15.00. Ethereum opened the month with a sharp climb from about $1,800 in August to $2,800 in September, yet the subsequent slide has brought it back into the $2,000-$2,400 bracket.Ethereum Price Action And Downside RisksThe current price sits below the orange moving average near $2,360, which previously served as resistance. Above the current price, the blue line at $2,450 and the cyan line at $2,530 form a substantial wall that the market must clear to resume an uptrend. Recent candles have shown weak activity; sellers are not aggressively pushing the price down, and buyers have yet to provide robust support.The black long‑term moving average at $2,320 has maintained a protective stance, with several candles leaving long lower shadows around $2,280-$2,300, indicating active buyer interest in that range. Taken together, these four assets illustrate a market that remains technically bullish but faces significant resistance doses. Volume deficits, consistent support from long‑term averages, and RSI levels hovering around mid‑30s to 40s suggest that downside risks are moderate but cannot be ruled out.Traders should monitor the key support zones-NEAR at $4.30, SHIB at $0.00000476, LINK at $11.00, and ETH at $2,360-and watch for a return of volume as the potential prelude to the next significant upward move.
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