Zcash, Hyperliquid, Avalanche, and Shiba Inu are all at pivotal points as the cryptocurrency market digests recent volatility, with traders closely observing whether major support and resistance levels will trigger further moves or consolidation in the coming days.
Zcash faces cooldown after rally
Zcash (ZEC) is currently navigating a period of reduced momentum after a sharp rally earlier this week. As of the latest market data, ZEC is trading near $1,443, retreating from its recent high of $1,600 reached on September 19. During that surge, ZEC approached $1,590 before sellers stepped in.
The overall technical outlook remains constructive, with ZEC holding well above its major moving averages, which are all trending upward. However, the growing gap between the price and these averages suggests the recent pullback is likely a healthy correction rather than a full trend reversal.
Relative strength index (RSI) readings have eased, moving back toward the mid-60s after entering overbought territory. This adjustment has helped cool the market without damaging the underlying bullish trend. Immediate support lies at $1,400–$1,450, a zone seen as critical for sustaining positive momentum.
ZEC’s correction appears more like an overdue cooldown after a rapid advance, with the $1,400–$1,450 area now key for determining whether the bullish trend can continue or if a deeper retreat toward $1,300–$1,350 becomes likely.
If ZEC holds the current support, an attempt to retest $1,500 and the $1,580–$1,600 resistance remains possible. Given ongoing institutional interest, including in the Grayscale Zcash ETF product, attention is set to remain on the asset as the market finds direction.
Hyperliquid momentum and new feature boost
Hyperliquid (HYPE) is trading near record highs, with its daily price currently around $91 after peaking above $94. This surge followed a strong breakout from the $77–$80 range, pushing the asset above previous September highs of $88 before encountering profit-taking.
Unlike Zcash, HYPE’s technical structure is less stretched, as its RSI remains in the low 60s, signalling room for further growth without immediate overheating. The first strong support area is at $88–$90, with the next key zone at $84–$86 and a significant base at $78–$80 from the earlier breakout.
On the upside, resistance is seen at $94–$95, while a sustained rally could open the door to testing the psychological $100 mark. The token’s recent introduction of direct and manual borrowing—allowing investors to use HYPE and Bitcoin as collateral—has served as a strong catalyst for demand.
HYPE’s swift move past September highs and ongoing demand from its new borrowing feature position it for another attempt at the $100 threshold, provided momentum remains intact above the major support zones.
Avalanche breakout meets resistance
Avalanche (AVAX) recently confirmed one of its strongest breakouts, surging past $10 following a decisive move out of the $7.00–$8.20 consolidation range. At its peak, AVAX touched $10.83 before encountering profit-taking, with prices now hovering near $10.27.
The breakout was backed by a significant spike in volume and the clearing of several technical barriers, including short- and medium-term moving averages and long-term resistance between $8.50–$8.70. This shifted bullish sentiment sharply upward, but overbought signals have begun to appear, with RSI currently above 75.
$10 serves as a key support level, while the $9.40–$9.50 region marks the lower boundary of the breakout move. Should AVAX fall below $8.50–$8.70, deeper corrections may test the resilience of the recent reversal. On the upside, another push above $10.80–$11.00 would further validate the bullish trend.
Shiba Inu retains neutral momentum
Shiba Inu (SHIB) continues to trade within a broad consolidating channel, currently priced near $0.00000535. Since late August, the token has been range-bound, but it retains some underlying favorable signs.
SHIB is still above a cluster of rising short-term moving averages between $0.00000500 and $0.00000520. The RSI remains neutral, indicating a balanced momentum profile. The main challenge is overhead resistance at $0.00000550–$0.00000560, an area where sellers have repeatedly capped gains.
A daily close above $0.00000560–$0.00000570 would significantly improve SHIB’s outlook, potentially opening a path toward $0.00000600–$0.00000620. Losing $0.00000520, however, would put support at $0.00000500 at risk, and a break lower could expose $0.00000470–$0.00000480, undermining the recent consolidation.
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