Zcash is exhausted
After one of the market’s most intense rallies, Zcash is finally displaying signs of weariness. On the daily chart, ZEC is currently trading at about $1,443 after briefly rising to $1,600. ZEC reached about $1,590 on September 19 before sellers intervened, according to recent market data.
The overall structure is still overwhelmingly optimistic. While the major moving averages on the chart continue to rise and remain positively aligned, ZEC trades well above each of them.
The gap between the price and these averages, however, has grown significantly. Because of this, the current decline appears more like an overdue cooldown following a nearly vertical advance than a confirmed trend reversal.
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Additionally, momentum is starting to return to normal. RSI has since moved back toward the mid-60s after previously entering overbought territory. Without destroying the underlying bullish structure, this eliminates some overheating. $1,400 to $1,450 is the immediate area to watch.
ZEC could consolidate before making another attempt at $1,500 and eventually the $1,580–$1,600 resistance area if this zone holds. The most recent breakout accelerated at about $1,300–$1,350, so losing $1,400 would expose that area. Institutional interest in Zcash and Grayscale’s Zcash ETF is one example of the recent fundamental attention that has remained strong.
Hyperliquid reaches records
In a similar vein, Hyperliquid is trading near record highs, but its structure appears much less stretched. According to recent market data, HYPE is currently around $91 after hitting about $94.5.
A strong breakout from the $77–$80 range can be seen on the daily chart. Before facing profit-taking, HYPE quickly surpassed the prior September highs around $88 and set a new peak above $94.
Crucially, the price is still well above the rising short- and medium-term moving averages. There is much more room for momentum expansion than ZEC currently has, because RSI is in the low 60s rather than extremely overbought. The initial significant support is located between $88 and $90.
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The next significant area below it is $84–$86, which is followed by the stronger $78–$80 breakout zone. On the upside, the current resistance is still between $94 and $95. A sustained breakout would shift attention to the psychological $100 level.
Hyperliquid’s recent introduction of direct/manual borrowing, which permits HYPE and Bitcoin to be used as collateral, is another key catalyst for HYPE’s most recent development. There is now more demand for the token as a result of this feature.
AVAX pushes through
After firmly breaking out of the $7.00–$8.20 consolidation range, Avalanche produced one of its strongest technical moves in months, with AVAX rising to roughly $10.27. The size of the move is not the only important aspect.
At nearly the same time, AVAX overcame multiple layers of resistance. The price broke above the roughly $8.50–$8.70 long-term moving average, cleared the short- and medium-term moving averages, and then returned to the psychological $10 level.
During the breakout, volume increased dramatically, which significantly increased the move’s credibility compared to earlier recovery attempts. Significant short-term overheating does occur, though. RSI has surpassed 75, and the most recent candle peaked at about $10.83 before pulling back.
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It becomes harder to continue after such a vertical expansion without some sort of consolidation. Bulls must defend $10.00 as the first level. The lower part of the breakout candle is represented by $9.40–$9.50 below that.
Around $8.50–$8.70, a deeper correction might retest the significant breakout zone. The broader technical reversal continues as long as AVAX stays above that area. On the upside, a strong move above $10.80–$11.00 would validate another breakout and leave this chart with comparatively little nearby resistance.
Shiba Inu’s volatility calms down
The setup for Shiba Inu is far less explosive. Currently trading at $0.00000535, SHIB is still part of the broad consolidation structure that has been in place since late August. Beneath the surface, there are some positive developments.
Around $0.00000500–$0.00000520, SHIB is still trading above its cluster of shorter moving averages, and those averages have begun to rise. Momentum is neither overheated nor significantly depleted, with RSI in neutral territory.
Overhead resistance is the issue. The declining long-term moving average is located in essentially the same region where SHIB has frequently struggled, around $0.00000550–$0.00000560.
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As a result, there is a major technical obstacle. Recent attempts to move above $0.00000550 have drawn sellers. The structure would be significantly improved and a return toward $0.00000600–$0.00000620 could be opened with a daily close above $0.00000560–$0.00000570.
On the other hand, the moving-average cluster would be under pressure if $0.00000520 were lost. At that point, the critical support is approximately $0.00000500. A collapse below it would expose the $0.00000470–$0.00000480 area and jeopardize the recent recovery.
