Shiba Inu

Zcash

Coin

Resistance

Shiba

<p style="text-align: justify">Major cryptocurrencies are navigating strong support levels while traders await clear signals, with <a href="https://en.coin-turk.com/binance-and-bnb-chain-confirm-no-php-risk-after-us-cyber-warning/" rel="noopener noreferrer nofollow">Binance Coin</a> (BNB), Zcash (ZEC), <a href="https://en.coin-turk.com/trx-price-hits-0-3198-dollars-with-market-optimism-rising-what-are-investors-watching-now/" rel="noopener noreferrer nofollow">Tron</a> (TRX), and <a href="https://en.coin-turk.com/bnb-shiba-inu-zcash-and-hyperliquid-aim-for-new-highs-after-technical-rebounds/" rel="noopener noreferrer nofollow">Shiba</a> Inu (SHIB) all hovering near crucial price zones after recent market pullbacks.</p>
<h2 id="bnb-consolidates-above-main-trend-line">BNB consolidates above main trend line</h2>
<p style="text-align: justify">Binance Coin, the native token of leading global crypto exchange Binance, is trading at $742 with a modest daily gain. The token is holding directly above its short-term trend line, indicating that buyers are still defending the recent uptrend following several weeks of price correction.</p>
<p style="text-align: justify">BNB had previously surged to roughly $810 in early October, marking its highest point in months, before sellers drove it back to $705—a 13% decline from its recent peak. Since reaching this low, BNB has gradually rebounded and is now positioned above the important blue moving average around $735, a level that has provided support in recent sessions.</p>
<p style="text-align: justify">Long-term technical indicators remain positive, with the price well above critical backup supports at $706 and $690. As long as BNB maintains these levels, the broader uptrend appears intact. The Relative Strength Index (RSI) is near 50, suggesting a balanced outlook as buyers and sellers remain cautious and trading volume stays subdued.</p>
<p style="text-align: justify">Immediate resistance lies between $750 and $760, an area where BNB has faced repeated selling pressure. A sustained close above $760 may push the token toward $780 and potentially retest the $800 level. Conversely, a close below $735 could expose BNB to a move toward $705 and possibly $690, increasing downside risk.</p>
<blockquote>
 <p>Buyers may need to push BNB above $760 to confirm ongoing strength, while any fall below $705 would indicate a deeper correction is likely.</p>
</blockquote>
<h2 id="zcash-recovers-after-steep-drop">Zcash recovers after steep drop</h2>
<p style="text-align: justify">Zcash, a privacy-focused blockchain project, trades at $1,241 after rebounding from an intraday low of $1,178. The recovery follows a sharp correction, with ZEC now relying on the $1,195 support to sustain recent gains. From August to late September, ZEC skyrocketed from approximately $500 to nearly $1,700, posting one of its strongest rallies in months.</p>
<p style="text-align: justify">Following this surge, ZEC lost around 30% and has since moved sideways, with multiple sharp fluctuations. Holding the blue moving average at $1,195 is now crucial; a break below could see the price target the $1,030 support zone next. The longer-term black moving average, seated around $812, shows the significance of ZEC’s extended gains and the room for further retracement if momentum falters.</p>
<p style="text-align: justify">The nearest resistance is at $1,300, and a close above this level can provide the first confirmation of bullish continuation, with the next hurdle being the recent $1,370 high. Reduced trading activity indicates the market is consolidating rather than panicking, as the RSI also hovers close to neutral territory.</p>
<blockquote>
 <p>Holding $1,195 remains essential for ZEC’s recovery, while slipping below it could pull the price toward $1,030 in the coming days.</p>
</blockquote>
<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: Zcash (ZEC), launched in 2016, is a cryptocurrency with privacy features that allow users to shield their transactions using advanced cryptography to make amounts and addresses confidential.</p>
<h2 id="trx-and-shib-hover-near-multi-week-lows">TRX and SHIB hover near multi-week lows</h2>
<p style="text-align: justify">Tron, a blockchain platform focused on decentralized content and applications, saw its TRX token bounce to $0.3309 after holding support at the black moving average near $0.328. After reaching $0.349 in late September, TRX steadily declined, twice rebounding just above the $0.327 mark—signaling that buyers continue to defend this crucial level.</p>
<p style="text-align: justify">Short-term resistance levels, marked by the orange and blue moving averages at $0.332 and $0.333, may challenge further price advances. Gaining a daily close above $0.334 is likely required to reverse the recent downtrend and potentially set up a move toward $0.340.</p>
<p style="text-align: justify">Should TRX fall below $0.327, it could trigger a drop to the $0.322 region, the area where it bounced in early September. The token remains locked in a tight trading range, with the long-term trend still upward. The RSI reading near 45 and low volumes imply a lack of strong conviction on either side.</p>
<p style="text-align: justify">Meanwhile, Shiba Inu (SHIB) holds at $0.00000487, struggling at its lowest value in several weeks after losing about 22% since its late September peak around $0.00000627. Sellers have kept pressure on the coin, driving it below all major moving averages. Resistance for SHIB is now found at $0.00000523 and $0.00000525, with the more distant black average at $0.00000556 representing a tougher hurdle for any meaningful recovery.</p>
<p style="text-align: justify">The coin’s RSI is near 37, approaching oversold conditions, while volume remains notably thin. Immediate support between $0.00000476 and $0.00000480 has proven reliable; if this zone is breached, the next target would be $0.00000440, last seen in August. However, a close above $0.00000500 could indicate a potential shift in momentum back toward the bulls.</p>
<table style="border:1px solid #f1e4d8;padding:8px">
 <thead>
  <tr>
   <th>Asset</th>
   <th>Current Price</th>
   <th>Key Support</th>
   <th>Key Resistance</th>
  </tr>
 </thead>
 <tbody>
  <tr>
   <td>BNB</td>
   <td>$742</td>
   <td>$735 / $705</td>
   <td>$760 / $780</td>
  </tr>
  <tr>
   <td>ZEC</td>
   <td>$1,241</td>
   <td>$1,195 / $1,030</td>
   <td>$1,300 / $1,370</td>
  </tr>
  <tr>
   <td>TRX</td>
   <td>$0.3309</td>
   <td>$0.328 / $0.327</td>
   <td>$0.334 / $0.340</td>
  </tr>
  <tr>
   <td>SHIB</td>
   <td>$0.00000487</td>
   <td>$0.00000476 / $0.00000440</td>
   <td>$0.00000500 / $0.00000523</td>
  </tr>
 </tbody>
</table>
<p>The post <a href="https://en.coin-turk.com/binance-coin-holds-above-735-as-bnb-zec-trx-and-shib-test-key-support-zones/" rel="noopener noreferrer nofollow">Binance Coin holds above $735 as BNB, ZEC, TRX and SHIB test key support zones</a> appeared first on <a href="https://en.coin-turk.com" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Binance Coin holds above $735 as BNB, ZEC, TRX and SHIB test key support zones

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