Altcoins News

Story: Zcash Battles $1,400 Support as Avalanche, HYPE, and SHIB Signal Uncertainty

By Sydney TheCMO

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Hyperliquid Eyes $100 After Clean Breakout. Hyperliquid is a different story. HYPE broke out of a $77–$80 range and is now trading around $91…

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Avalanche Overheats After Surging Past $10. Avalanche had a monster move. AVAX climbed from a $7.00–$8.20 range all the way to about $10.

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SHIB Stuck, Resistance Won't Budge. Shiba Inu is basically going nowhere. SHIB trades at $0.

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Zcash won't quit. ZEC is trading around $1,443 after touching a high near $1,590 on September 19, and sellers have been chipping away at it ever since.

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The broader market structure for ZEC still looks pretty healthy, all things considered. Moving averages are trending upward, and the price sits comfortably above them.

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Institutional attention has also been circling ZEC. Grayscale's Zcash ETF has drawn some focus from the investment community, and that kind of interest probably keeps a floor…

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Hyperliquid is a different story. HYPE broke out of a $77–$80 range and is now trading around $91 after briefly touching $94.50. That's a clean move.

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Support layers stack up at $88–$90 first, then $84–$86, and the major floor sits back at $78–$80. Resistance is at $94–$95.

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Not every breakout holds, of course. But the structure here looks more convincing than most.

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Avalanche had a monster move. AVAX climbed from a $7.00–$8.20 range all the way to about $10.83 before pulling back to roughly $10.27. It blew through the $8.50–$8.

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RSI crossed 75 during the push. That's overheated territory, and the pullback was probably inevitable. Bulls need to hold $10 now. Lose that and $9.40–$9.50 becomes the next test.

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See also: Grayscale Zcash ETF Splits Shares 3-for-1 After 2,800% Token Surge

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On the upside, a clean break above $10.80–$11.00 would confirm more room to run. That's the next real resistance cluster worth watching.

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Shiba Inu is basically going nowhere. SHIB trades at $0.00000535, locked in a consolidation pattern that's been dragging on since late August.

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But $0.00000550–$0.00000560 keeps rejecting the price. Every time SHIB pokes at that resistance, sellers show up. It's happened enough times now that it's hard to ignore.

The Currency Analytics

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