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Zcash (ZEC): Trading at $1,190, down 30% from September's $1,700 high, with crucial support at $1,180 and weak momentum (RSI ~40) poised for either a bounce to $1,340 or a deeper fall to $1,050.
Ethereum (ETH): At $2,525 after declining from $2,700, testing key support at $2,500 with high-volume selling pressure; must hold above $2,500 or face a potential pullback to the $2,300–$2,350 support zone.
Shiba Inu (SHIB): Dropped to $0.00000542 after breaking below its long-term average, now at critical support with weak momentum (RSI 45); holding $0.00000529 could trigger a bounce to $0.00000565, or a further decline below.
Hyperliquid (HYPE): Pulled back to $85.76 from its $94 high but remains above all major moving averages with neutral momentum (RSI 47); support at the $84 level holds, positioning this as a normal pullback in an uptrend.
Zcash takes a hit
Zcash (ZEC) is currently trading close to $1,190 following a significant red candle. The price is now about 30% below its September high of around $1,700. The extent of the damage became clear over the last few days: the price failed near the green average at $1,340 and then fell sharply.
The good news is that ZEC is sitting right on the blue and cyan averages, both around $1,180. This is the main support area. A rise began from here in September, which suggests buyers might defend it again. If $1,180 is breached, the next area of interest is $1,050 to $1,100, where the mid-September pullback ended. The next solid support is the orange average near $960, just below it. The black long-term line is far away, near $735, which shows how rapid the rally was.
Momentum is declining. The RSI has dropped to about 40, its lowest level in several weeks. With volume low, this is not yet a panic sell, but buyers are not actively participating either.
The first sign of strength for bulls would be a daily close above $1,340. After that, they must break through $1,400 and $1,500, and breaking $1,700 would set a new high. If the price closes below $1,180 on the daily chart, bears would see more downside confirmed. A drop below $1,040 would break the September low and damage the overall trend.
What happens next: ZEC is in a make-or-break situation. If it rebounds, it might rise from $1,180 to $1,340. If it closes below $1,180, it will probably head toward $1,050.
Ethereum is close to a critical level
Ethereum (ETH) saw a notable daily decrease and is now trading close to $2,525, after starting the day at approximately $2,700. The September high of $2,800 is still the top, and ETH has been unable to break it twice. The price is testing the blue average around $2,505 and has just dipped below the cyan average near $2,550.
The $2,500 level is the most relevant price level for Ethereum, a psychologically significant round-number support. A daily close above $2,550 would signal that buyers are returning. Below $2,500, the next support is $2,400, followed by the September low at around $2,350. At $2,300 to $2,335, the orange and black averages sit in close proximity, making this the chart's strongest support zone. A bounce is likely if ETH reaches it, thanks to the uptrend in place since August.
Volume deserves attention. The red candle appeared on high volume, indicating that sellers were active and that the move is not just market noise. ETH's RSI has dropped to around 42, which is weak but not oversold.
Bulls first target $2,610, then $2,700. A breakout above $2,800 would end the two-month range and pave the way for higher prices. Bears would confirm a deeper pullback with a daily close below $2,500, and a drop to $2,350 would break the higher-low pattern and weaken the uptrend.
What happens next: ETH needs to stay above $2,500. If it does, it is likely to move between $2,500 and $2,700. If it fails to hold $2,500, expect a test of the $2,300 to $2,350 range.
Shiba Inu's negative dynamic
Shiba Inu (SHIB) is trading at $0.00000542 after a notable market correction. The recent candle erased most of the week's gains and pushed SHIB below the long-term black moving average at approximately $0.00000565. The support line, which had held for two weeks, is now broken, which is a warning sign.
The price currently sits on the blue and cyan averages near $0.00000545, the first real test so far. The orange average, the next floor, is near $0.00000529. If it breaks, the next area is between $0.00000500 and $0.00000510, the final strong support that lasted through mid-September before the $0.00000474 low.
The RSI is around 45, meaning sellers are dominant but the coin has not reached oversold territory. Volume on the decline was not substantial, pointing to a loss of buying interest rather than a panic sell.
Bulls first need to push the price back to $0.00000565 and close the day there, which would show that the break was a false move. The next levels to watch are $0.00000580 and $0.00000600. The September high of $0.00000627 stays out of reach until those levels fall.
A daily close below $0.00000529 would confirm further downside for bears, and hopes for a bounce will fade if SHIB cannot regain $0.00000565 within the next several days.
Hyperliquid (HYPE) Price Analysis
After a heavily red day, Hyperliquid (HYPE) is trading at $85.76. It has fallen from its earlier high of around $94 this week. Sellers took over at the top because the coin could not surpass its September peak of $98. Despite this, the overall outlook remains positive, as HYPE stays above all its major moving averages.
The price hovers around the cyan line close to $85.50, with the blue line just below at approximately $83.70. Since August, the orange average near $75.70 and the black long-term line close to $63 have both been rising, indicating a strong climb.
Support is in the $84 to $85 range, and the September 30 low near $84.50 coincides with this zone. If it fails, the blue average at $83.70 is the next level, followed by $78 to $79, where buyers entered earlier this month.
The RSI has decreased to about 47, a neutral reading, so there is still room for another upward move without hitting overbought levels. Volume has remained low during this pullback, indicating that there is no heavy selling yet.
For bulls to sustain $84 and later regain $88.50, they need a significant boost in market enthusiasm. A move above $90 would pave the way to $94 and a retest of the previous high at $98, and a daily close above $98 would signal the start of a new trend high.
Bears want a daily close under $83.70. That would cancel the bounce setup and point to $78, with $75 as a deeper target. As long as $84 holds, this looks like a regular pullback in an uptrend. If it breaks, we are heading toward an even deeper reset.
Arman Shirinyan
Dan Burgin
