Shiba Inu

Hyperliquid

Zcash

bullish

Shiba

<p style="text-align: justify">Major cryptocurrencies Zcash (ZEC), <a href="https://en.coin-turk.com/ethereum-eyes-10000-but-faces-5000-resistance/" rel="noopener noreferrer nofollow">Ethereum</a> (ETH), <a href="https://en.coin-turk.com/shibarium-undergoes-major-migration-rpc-upgrade-completed-for-shib-ecosystem/" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB), and <a href="https://en.coin-turk.com/bitwise-sets-bhyp-ticker-at-0-67-fee-as-hyperliquid-etf-nears-launch/" rel="noopener noreferrer nofollow">Hyperliquid</a> (HYPE) are confronting crucial support zones after notable declines. Traders are closely watching these levels for potential rebounds or the risk of further losses.</p>
<h2 id="zcash-zec-struggles-near-critical-support">Zcash (ZEC) struggles near critical support</h2>
<p style="text-align: justify">Zcash, a privacy-focused cryptocurrency, is now trading at $1,190, marking a sharp drop from its September peak of $1,700. The past week brought accelerated losses, with the price unable to reclaim $1,340 and quickly sliding toward the current level.</p>
<p style="text-align: justify">As of now, ZEC sits atop the blue and cyan moving averages near $1,180, which defined the last major support during September’s rally. This area is significant for buyers aiming to defend the ongoing trend. If ZEC closes below $1,180, analysts anticipate a potential move to the $1,050–$1,100 zone, where the mid-September pullback previously stabilized. A steeper drop toward the orange average at $960 or the distant $735 support would reflect a much deeper correction in the trend.</p>
<p style="text-align: justify">Momentum has weakened, as seen by the Relative Strength Index (RSI) falling to 40, a level not reached in several weeks. While overall trading volume remains low, renewed buyer engagement will be necessary to avoid a more severe drop.</p>
<blockquote>
 <p>ZEC faces a make-or-break moment: holding $1,180 could trigger a move back up to $1,340, while a close below $1,180 will likely open the way for further losses toward $1,050.</p>
</blockquote>
<p style="text-align: justify">A daily close above $1,340 would suggest strengthening bullish momentum, whereas a close under $1,180 would reinforce the bearish outlook.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Asset</th>
   <th>Current Price</th>
   <th>September High</th>
   <th>Key Support</th>
   <th>Key Resistance</th>
   <th>RSI</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>Zcash (ZEC)</td>
   <td>$1,190</td>
   <td>$1,700</td>
   <td>$1,180</td>
   <td>$1,340</td>
   <td>40</td>
  </tr>
  <tr>
   <td>Ethereum (ETH)</td>
   <td>$2,525</td>
   <td>$2,800</td>
   <td>$2,500</td>
   <td>$2,700</td>
   <td>42</td>
  </tr>
  <tr>
   <td>Shiba Inu (SHIB)</td>
   <td>$0.00000542</td>
   <td>$0.00000627</td>
   <td>$0.00000529</td>
   <td>$0.00000565</td>
   <td>45</td>
  </tr>
  <tr>
   <td>Hyperliquid (HYPE)</td>
   <td>$85.76</td>
   <td>$98</td>
   <td>$84</td>
   <td>$88.50</td>
   <td>47</td>
  </tr>
 </tbody>
</table>
<h2 id="ethereum-eth-tests-psychological-level-at-2-500">Ethereum (ETH) tests psychological level at $2,500</h2>
<p style="text-align: justify">Ethereum, the second-largest blockchain network by market capitalization, has slid to $2,525 after starting the day near $2,700. Despite several attempts, ETH has been unable to break above the September top at $2,800, reinforcing the importance of this resistance zone.</p>
<p style="text-align: justify">The $2,500 level now represents a psychologically significant support. A daily close above $2,550 may indicate renewed bullish interest. Below $2,500, the $2,400 area and the September low at $2,350 mark the next strong support. The $2,300–$2,335 area, where the orange and black averages congregate, provides a notable cushion for the price, correlating with the ongoing uptrend from August.</p>
<p style="text-align: justify">Volume increased across the recent decline, reflecting active selling, while the current RSI reads 42, underscoring weak momentum but not extreme overselling conditions. A daily close under $2,500 could send ETH toward $2,350, potentially disrupting its higher-low pattern and pressuring the trend further.</p>
<blockquote>
 <p>ETH must remain above $2,500 to keep its uptrend intact; otherwise, it risks descending back to the $2,300–$2,350 range.</p>
</blockquote>
<h2 id="shiba-inu-shib-and-hyperliquid-hype-face-chart-defining-moments">Shiba Inu (SHIB) and Hyperliquid (HYPE) face chart-defining moments</h2>
<p style="text-align: justify">Shiba Inu is currently valued at $0.00000542 after a recent drop pushed the price below its key long-term average at $0.00000565. This marks a critical test for the memecoin, with the next support at $0.00000529. Should this floor break, the next stop is between $0.00000500 and $0.00000510, setting up a possible revisit of September’s $0.00000474 low.</p>
<p style="text-align: justify">Recent declines occurred with moderate volume and an RSI of 45, reflecting bearish sentiment but not panic conditions. A move back above $0.00000565 would help restore bullish hopes, while a drop below $0.00000529 would confirm additional downside risk.</p>
<p style="text-align: justify">Hyperliquid, a decentralized trading platform offering perpetual swaps and derivatives, has experienced a pullback to $85.76, after reaching a high of $94 this week. Despite the correction, HYPE holds above all its major moving averages and support at $84 remains intact. The RSI stands at 47, signaling neutral momentum. If the price maintains above $84, the uptrend may continue, but a daily close below $83.70 could force a deeper retracement toward the $78–$79 zone.</p>
<p style="text-align: justify;background: linear-gradient(135deg,#ffffff 0%,#fffdf9 100%);border:1px solid #f1e4d8;border-left:4px solid #F69434;padding:14px 16px;border-radius:12px;color:#1e293b;font-size:15px;line-height:1.7">Mini dictionary: Hyperliquid is an onchain, decentralized exchange that specializes in derivatives trading and perpetual contracts, aiming to provide a seamless and scalable trading experience without relying on traditional centralized infrastructure.</p>
<p style="text-align: justify">Continued resilience above $84 could prompt another rally to $88.50, followed by $94 and a potential challenge of the $98 high. Conversely, sustained weakness would invalidate this setup and increase the risk of reaching lower support levels at $78 and $75.</p>
<p>The post <a href="https://en.coin-turk.com/zcash-ethereum-shiba-inu-hyperliquid-hover-at-key-support-after-sharp-declines/" rel="noopener noreferrer nofollow">Zcash, Ethereum, Shiba Inu, Hyperliquid hover at key support after sharp declines</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Zcash, Ethereum, Shiba Inu, Hyperliquid hover at key support after sharp declines

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