Zcash

bullish

Solana

NEAR Protocol

Ethereum

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/key-cryptocurrencies-face-declines-as-solana-slips-below-100" rel="noopener noreferrer nofollow">Key Cryptocurrencies Face Declines as Solana Slips Below $100</a><br></p>
<p style="text-align: justify">As of November 4th, four major cryptocurrencies are exhibiting weakness in the market. <a href="https://en.bitcoinhaber.net/solana-faces-critical-resistance-as-market-dynamics-shift" rel="noopener noreferrer nofollow">Solana</a> has fallen beneath the crucial $100 mark, while Ethereum hovers around $2,317, attempting to reverse its downtrend. NEAR Protocol is trading at roughly $4.02, struggling below short-term averages, and Zcash is attempting to reclaim the $1,300 level, lingering at $1,288.</p>
<h2 id="solana-faces-accelerated-selling-pressure">Solana Faces Accelerated Selling Pressure</h2>
<p style="text-align: justify">Following a bullish surge in September, Solana retreated from its October high of $124, now trading at $92.69. The asset’s descent below all significant moving averages indicates that sellers maintain control in the daily outlook. Losing support at the $98 region, which played a key role during September’s recovery, renders Solana vulnerable in the short term.</p>
<blockquote>
 <p>Solana’s $98 to $100 range is now critical, with a sustained performance below this area suggesting continued weakness.</p>
</blockquote>
<p style="text-align: justify">The increased trading volume has accentuated the technical significance of this recent downturn. The nearest support lies at $90, with further declines potentially targeting $85, then $80. Conversely, reclaiming the $100 level would signify a potential resurgence in buying interest.</p>
<h2 id="ethereum-struggles-to-mount-a-recovery">Ethereum Struggles to Mount a Recovery</h2>
<p style="text-align: justify">Ethereum observed a defensive pivot after reaching between $2,750 and $2,800 in early October, now charting lower highs and lows, under pressure. As of November 4th, Ethereum trades around $2,317 as it shows limited recovery after flirting with the $2,200 mark. Nevertheless, prices remain beneath short-term averages within the $2,400 to $2,500 range.</p>
<blockquote>
 <p>A sustainable rally in Ethereum would require stability above $2,350, followed by $2,400.</p>
</blockquote>
<p style="text-align: justify">Immediate supports are found at $2,250 and $2,200. A break below these levels might invite a deeper correction towards $2,100. Meanwhile, the long-term average around $2,300 highlights the significance of this price area for short-term directional bias.</p>
<h2 id="near-weakens-as-zcash-eyes-resistance">NEAR Weakens as Zcash Eyes Resistance</h2>
<p style="text-align: justify">Following an October peak near $6, NEAR Protocol has pulled back to $4.02. The asset struggled to surpass resistance between $4.30 and $4.60, limiting buyer strength short-term. However, trading above long-term averages around $3.65 and $3, suggests that the broader picture isn’t entirely bearish. Support levels lie at $3.80 and $3.65.</p>
<p style="text-align: justify">Zcash, on the other hand, rebounded from its recent low around $1,150 to reach $1,288. Its consistent attempts to overcome the $1,300 threshold throughout October spotlights this level short-term. Sustained trading above could open pathways to $1,350, and subsequently $1,400. Nonetheless, low trading volumes necessitate further confirmation for this uptick to be deemed a solid break.</p>
<p style="text-align: justify">In terms of the Relative Strength Index, a parallel pattern is visible across all four assets. Solana and NEAR approach oversold regions, while Ethereum shows signs of easing pressure through leveling indicators. Although Zcash’s index has improved towards a neutral 50, a conclusive shift in trend has yet to be verified.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span><a href="https://en.bitcoinhaber.net/key-cryptocurrencies-face-declines-as-solana-slips-below-100" rel="noopener noreferrer nofollow">Key Cryptocurrencies Face Declines as Solana Slips Below $100</a></h5>

Key Cryptocurrencies Face Declines as Solana Slips Below $100

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