Cryptocurrency market trends: Zcash and Avalanche strengthen, Shiba Inu stabilizes
Recent cryptocurrency market dynamics have led to a divergence in the technical outlook for Zcash, Hyperliquid, Avalanche and Shiba Inu. Although Zcash and Avalanche maintained bullish momentum, Hyperliquid remained in high consolidation range, while Shiba Inu traded in narrow range.
Is Zcash ready to rebound?
Zcash is showing signs of fatigue after a rapid rally. Its price fell back to about $1,443 after hitting around $1,600. Despite this, the overall technical structure remains solid, with the main moving average maintaining an upward trend. The recent correction is more like a breather after a steep climb than a clear trend reversal.
The Relative Strength Index (RSI) has cooled from overbought levels to a median range of 60, indicating that the market is less overheated but has not disrupted the upward trajectory. If the price falls below $1,400, support could lie between $1,300 and $1,350.
The US$1,400 to US$1,450 range is a key short-term support area for ZEC. If this range is maintained, prices are expected to retest $1,500 and may subsequently challenge the $1,580 to $1,600 range.
Can Hyperliquid maintain its kinetic energy?
Hyperliquid's prospects look more balanced. After peaking at $94.5, the asset is currently trading at around $91. Current prices are supported by short-and medium-term moving averages, and the RSI is at an early low of 60, indicating that there is still room for further gains. Important support levels are between $88 and $90.
Resistance is expected to be in the $94 to $95 range. If this resistance can be exceeded, it is not impossible to return to the $100 level. As a decentralized derivatives platform, Hyperliquid recently added support for increasing demand by directly and manually borrowing bitcoin.
Where will Avalanche go?
Avalanche successfully broke through the congestion range between US$7.00 and US$8.20 and soared to approximately US$10.27, marking a significant technical breakthrough. This progress crossed multiple resistance lines and gathered momentum as trading volume increased.
RSI readings above 75 warn of short-term overbought risks, which was confirmed in the pullback after hitting $10.83. Staying above the breakthrough point will help a sustained recovery, but overcoming the $10.80 to $11.00 barrier requires revitalization.
AVAX's first line of defense is at $10.00. Further support appears in the $9.40 to $9.50 range, while in a deeper correction, support lies between $8.50 and $8.70.
Summary and Outlook
- Zcash: Its resilience depends on whether the support level of US$1,400 to US$1,450 can be held.
- Hyperliquid: If the $94 to $95 resistance is overcome, it may break through the $100 mark.
- Avalanche: Breakout signals show potential, but caution is recommended near the US$10.80 to US$11.00 resistance level.
- Shiba Inu:维持着更为被动的立场,目前在0.00000535美元左右交易,自8月下旬以来一直处于宽幅整理阶段。短期移动平均线显示出轻微的上涨动能,但0.00000550至0.00000560美元区间提供了强大的阻力。成功突破0.00000560美元可能为通向0.00000600美元及以上铺平道路;而如果跌破0.00000520美元,则可能测试0.00000470至0.00000480美元区间。

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