Zcash hits a record high of $1288, Pepe aims to break through the market, and Pi Network attracts at

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Volatility in the cryptocurrency market intensified over the weekend, with analysts predicting the trend of Pi Network, Pepe Coin and Zcash

This weekend, the cryptocurrency market volatility increased significantly as investors assessed the rise in crude oil prices and waited for the Federal Reserve's upcoming interest rate decision. Bitcoin and Ethereum prices fell back to $77,000 and $2,500 respectively, while the popular Crypto Fear and Greed Index rose to 68. In this context, analysts made price forecasts for key projects such as Pi Network (PI), Pepe Coin (PEPE) and Zcash (ZEC).

Pi Network Outlook

Pi Network is committed to building a cryptocurrency ecosystem that is user-friendly and publicly accessible for mobile devices, and has recently attracted attention because its token PI price rose from US$0.0715 in July to US$0.097 in anticipation of the V27 upgrade. This major upgrade is expected to enhance smart contract capabilities for this growing ecosystem.

Despite the recent rebound, technical indicators suggest that PI may face a bearish shift. Prices have formed a rising wedge-which is often seen as a signal of a potential reversal. This pattern consists of two upward convergent trend lines, which when they meet often indicate downward movement . In addition, the PI traded below its 100-day index moving average (EMA) and the Relative Strength Index (RSI) showed signs of bearish divergence.

If these bearish signals materialize, the PI could fall to around $0.07156, its low since the beginning of the year. However, if prices decisively break through the resistance level of $0.1110, this scenario will be overturned and open up room for further gains.

Technical analysis points out: Unless Pi Network can decisively break through the resistance level of $0.1110, there is a risk of falling to $0.07156.

Tip: Rising wedge-A chart pattern characterized by a convergent uptrend line that usually signals a possible bearish reversal when prices close below the lower track.

Pepe Coin attempts to rebound

Pepe Coin, a meme token known for its viral community engagement, climbed in price from $0.0000022 in July to a peak of $0.00004547 in August as the entire crypto market rebounded. Recently, prices have fallen back to $0.00003478, forming a declining wedge chart pattern, a structure that is usually associated with bullish trend reversals.

This declining wedge, consisting of two downward converging trend lines, usually signals a potential upward breakthrough. The current situation suggests that Pepe Coin could rebound to resistance at $0.000040 if buyers return. If prices fall below the lower limit of the wedge, the bullish logic will be denied.

Technical analysis points out: As long as key support levels are maintained, Pepe Coin's declining wedge shape may pave the way for a breakthrough to US$0.000040.

Tip: Downward wedge-A bullish technical pattern with two downwardly sloping and convergent trend lines that usually precedes an upward price breakout.

Zcash soars amid privacy needs

Zcash, a privacy-conscious cryptocurrency that allows users to block transaction details, has performed strongly this year. Driven by increased interest in privacy coins and rising demand for the Grayscale Zcash ETF (code: ZCSH), the token jumped from a January low of $188 to a record high of $1,288.

ZEC has surpassed the key resistance level of $747, consolidating the bullish outlook. Currently, the currency trades above its 50-day and 100-day moving averages, showing intrinsic strength. However, the Relative Strength Index has cooled from an overbought reading of 87 to 64 and has formed a double-top pattern, implying weakening momentum.

Looking forward, Zcash may retreat to the support level of US$1,000. If prices climb above their year-to-date high of $1,288, bearish momentum will reverse.

Tip: Grayscale Zcash ETF -an investment product that allows investors to participate in Zcash price fluctuations without directly managing the underlying assets.

Item July lows Recent highs Current price forecast support Key resistance Pi Network (PI)$0.0715N/A$0.097 $0.07156 $0.1110Pepe Coin (PEPE)$0.000022 $0.00004547 $0.00003478N/A$0.000040Zcash (ZEC)$188$1,288N/A$1, 000$1,288