Major cryptocurrencies are experiencing mixed price action following recent rallies, with technical indicators showing both continued optimism and growing caution among traders.
Hyperliquid (HYPE) maintains bullish structure as price cools
After staging one of its largest rallies this year, Hyperliquid (HYPE) is now showing signs of fatigue. HYPE fell about 3.2% during the day and is currently trading at $82.50, retreating from a recent local high near $89.
Despite this pullback, the technical structure remains positive. In late August, HYPE broke out of the $56–$60 range and surpassed previous highs at $75, staying well above all its main daily moving averages.
The 20-day moving average is rising rapidly, now at approximately $77.82, while the 50-day and 100-day averages sit lower at $66.82 and $65.39. The 200-day moving average stands at nearly $57. Whether the decline signals routine profit-taking or a deeper correction remains unclear.
Relative Strength Index (RSI) data suggests a return to balanced momentum, having retreated from overbought territory to 57 points as price action cooled.
With support between $78 and $80 overlapping the 20-day average and the recent consolidation zone, holding this range could set up HYPE for another attempt at $88 to $90. A successful breakout may open the path to the psychological $100 level.
Zcash (ZEC) uptrend shows risk of sharp pullback
Zcash (ZEC), a privacy-focused cryptocurrency, is still trending upward, but current technical signals highlight growing risks of a correction. After temporarily surging above $1,240, ZEC now trades around $1,149, extending a rally that began in August near $480. The price remains well above its main moving averages.
The 20-day moving average has climbed to $849, the 50-day sits at $651, and the 100-day at $614, while the 200-day average trails at $512. This separation reflects strong momentum but limited technical support if selling intensifies.
The daily RSI remains high at around 75.8, indicating overbought conditions. Such readings do not always signal immediate reversals but highlight heightened risk at current price levels.
Immediate resistance stands at the $1,230–$1,250 area. A move above this region could see a push toward $1,300. On the downside, $1,080–$1,100 is the first level to watch, with $1,000 serving as a psychological floor. Even a further drop toward $850 would keep ZEC above its fast-rising 20-day moving average, preserving the broader bullish structure.
| Asset | Current Price | Key Support | Key Resistance | 200-Day MA |
|---|---|---|---|---|
| HYPE | $82.50 | $78–$80 | $88–$90 | $57 |
| ZEC | $1,149 | $1,080–$1,100 | $1,230–$1,250 | $512 |
| ETH | $2,459 | $2,400 | $2,520–$2,560 | $2,185 |
| SHIB | $0.00000541 | $0.00000490–$0.00000500 | $0.00000567 | $0.00000567 |
Mini dictionary: Zcash (ZEC), launched in 2016, is a cryptocurrency focused on privacy and anonymity, utilizing zero-knowledge proofs to allow transactions to be verified without revealing sender, receiver, or amount details.
Ethereum and Shiba Inu face key resistance
Ethereum (ETH) is consolidating just above $2,400 after its August breakout. Despite repeated efforts by sellers, the price structure remains intact, with ETH currently at $2,459 and holding above major moving averages.
ETH surged past a long-term range between $1,880 and $1,920, climbing well above its 20-day and 200-day moving averages at $2,345 and $2,185, respectively. The 50-day and 100-day averages remain lower, at $2,127 and $2,101. However, momentum has slowed as trading volume has dropped and RSI has declined to around 60, indicating a period of consolidation.
The $2,520–$2,560 zone serves as immediate resistance, with multiple failed attempts to break through. Clearing $2,560 would set up a move toward $2,600–$2,650. Support is at $2,400, and a breakdown could bring the 20-day average at $2,345 into play. The overall bullish outlook persists as long as these support areas hold.
ETH has tried several times to breach resistance, but momentum has slowed and trading is consolidating above key support.
Shiba Inu (SHIB) is holding above $0.00000541 following a series of higher lows after its August rebound from $0.00000440. The short-term structure is constructive, with SHIB staying above its 20-day average at $0.00000517, while the 50-day and 100-day averages sit at $0.00000491 and $0.00000503.
A rising support line remains in place; however, the 200-day moving average at $0.00000567 is the main obstacle. A breakout above this level could open the way to $0.00000600–$0.00000620. If SHIB loses support at $0.00000517, defense may shift to the $0.00000490–$0.00000500 range. Volume has declined compared to previous rallies, and the RSI stands near 57, indicating neutral to positive momentum.
