Zcash (ZEC) is trading around $1,208 on November 4, holding above key support levels while Cardano (ADA), XRP, and Near Protocol (NEAR) face bearish technical setups in the cryptocurrency market.
Zcash Defends Longer-Term Trend
Zcash has moved sideways since reaching a peak near $1,700 in late September, after a rally that began around $500 in August. The coin remains above its longer-term moving averages, suggesting the broader bullish trend is intact despite weakening short-term momentum. Traders are watching the $1,300 resistance zone, where Zcash has struggled to hold ground.
The closest support for Zcash lies between $1,150 and $1,180, a level where buyers have intervened multiple times. A confirmed break below this area could accelerate selling toward $1,100 and potentially the $1,000 mark. On the upside, the first resistance is at $1,250, followed by a stronger supply zone between $1,300 and $1,350. A daily close above $1,350 would provide momentum for a move toward $1,450 and $1,550. The Relative Strength Index (RSI) remains near the neutral 50 level, indicating the market has not yet selected a clear direction.
Cardano and XRP Under Bearish Pressure
Cardano is trading near $0.1908, down from October highs around $0.28. The token is currently below its short-, medium-, and long-term moving averages, with these indicators pointing downward. This technical alignment suggests sellers are in control. The closest support is between $0.185 and $0.190. If this floor breaks, Cardano could fall to $0.175 and then to the $0.160–$0.165 demand zone. Buyers need to reclaim $0.200 to signal recovery, with stronger resistance located between $0.215 and $0.230. The RSI is approaching oversold territory, but trading volume remains low, indicating limited buyer conviction.
XRP is trading near $1.28, down from September highs around $1.65. The token is below its major moving averages, and the daily chart shows a series of lower highs and lower lows. The closest support is between $1.24 and $1.25. A break below this zone could push the price to $1.20 and then $1.15. Resistance sits at $1.30–$1.33, with stronger supply near $1.35–$1.40. The RSI is in the lower half of its range, and trading volume has dropped significantly compared to the August rally, reflecting weak buyer conviction.
Near Protocol Faces Key Support
Near Protocol is trading around $3.91, down from an October peak near $6.00. The token has fallen below its short- and medium-term moving averages but remains above its longer-term averages. The closest support is between $3.75 and $3.85. A break below $3.75 could send the price to $3.60 and possibly $3.30. The first resistance zone is between $4.20 and $4.35. The RSI has slipped toward the lower half of its range, and trading volume is moderate compared to September, suggesting speculators have cooled off.
Frequently Asked Questions
What is the key support level for Zcash on November 4?
Zcash is trading around $1,208, with key support identified between $1,150 and $1,180.
Which moving averages is Cardano trading below?
Cardano is trading below its short-, medium-, and long-term moving averages.
