Overview
- Chainlink (LINK): Price near $11.40, with sellers still in control; key support at $11.
- XRP (XRP): Price is nearing $1.31 after a rebound; $1.35 is the level to break through.
- Monero (XMR): Price near $636, in a strong uptrend with support around $600.
- Zcash (ZEC): Price near $1,309; outlook is neutral to bullish as long as $1,200 holds.
Chainlink's difficult phase
After relatively stronger performance in September and October, Chainlink (LINK) has recently been trending downward. The cryptocurrency is currently trading around $11.40.
On the daily chart, LINK briefly reached a local high of approximately $15.50 at the end of September. Since then, LINK has continued to decline, forming lower highs, indicating that the short-term bullish trend has lost some momentum.
Currently, LINK's price is also below its short- and medium-term moving averages, indicating that sellers are currently in control of the price movement. The long-term moving average is also close to the $11 area and may provide support if the price declines further.
If LINK can hold the $11.00 to $11.10 range (recently tested as support), the token may continue its upward movement. This area also coincides with an ascending moving average, which could provide additional support. If LINK breaks below $11, it may first test $10.50 before potentially moving lower toward $10.
Conversely, the first resistance level is near $11.70. If strong buying pressure pushes the price above the $12 area, LINK could rise toward $12.30, followed by $12.60 (a region with significant selling pressure). A strong breakout above $12.60 could propel LINK further toward $13.
Overall, LINK's RSI is currently at the 50 level, indicating little to no buying momentum at present. This also means LINK is not oversold and is more likely to remain range-bound in the short term.
From a short-term perspective, LINK may continue trading in the range of $11.00 to $12.00, with bulls and bears still competing for control. A daily close above $12 could signal a "bullish reversal"; a move above $12.60 may indicate a stronger recovery.
XRP rebounds upward
XRP is currently trading around $1.31, having rebounded from its recent low of $1.23.
On the daily chart, XRP experienced a strong rally in August, rising from around $1.00 to $1.50 within just a few days. Subsequently, XRP reached a local high of approximately $1.60 in September before turning bearish.
Since then, XRP has been forming lower highs and lower lows, indicating a downtrend. However, recent candles show some buying interest, as XRP attempts to stabilize around $1.30.
XRP's first support level is in the $1.28 to $1.30 range. If XRP holds this zone, bulls may trigger a strong rebound. If it breaks below this area, the price could decline toward $1.20.
XRP’s first resistance zone lies between $1.33 and $1.35, primarily aligned with multiple moving averages. If XRP breaks above this range, the asset could rally further toward the $1.38–$1.40 area, where longer-term moving averages may also act as resistance. A strong breakout above $1.40 could propel XRP toward $1.50.
Overall, XRP’s RSI is currently at the 50 level, indicating neutral momentum. Current trading volume is also not elevated, suggesting this rebound may merely be a consolidation rather than a “bullish reversal.” If XRP breaks above $1.35, it could rise further toward $1.40, with a target of $1.50.
In the short term: If it regains and holds above $1.35, then breaks above $1.40, the target is approximately $1.50. If it fails to break above $1.35 effectively, it may decline back to $1.25.
Monero remains stable
Monero is currently accumulating bullish momentum. The asset, after a steady upward trend, is now trading around $636.
Since July, XMR has risen from around $310 to near $630, doubling in price, which indicates strong market interest and a healthy long-term trend.
On the daily chart, XMR is currently trading above all major moving averages, indicating a clear bullish trend. The short-term moving averages are also rising, confirming investors' bullish sentiment toward its prospects.
In October, XMR briefly pulled back to around $520 before rebounding. Since then, the cryptocurrency has broken above the $620 resistance level and is approaching the $650 area, suggesting that stronger upward momentum may be building.
If XMR begins to retrace, the first support level is near $620 (a previous resistance level), with stronger support around $600. If the retracement is deeper, the price may test the $580 level, where short-term moving averages could provide support.
Overall, XMR’s RSI is currently approaching the 70 level, indicating that bullish momentum is still strengthening. If it rises above 85, XMR could enter overbought territory, potentially leading to an earlier-than-expected price correction. Volume is also currently supporting this bullish trend.
If XMR holds above $600, buyers may still be in control. A valid breakout and sustained move above $650 could push XMR further toward $680. Conversely, a break below $600 may indicate weakening momentum.
Zcash's sharp volatility
Zcash (ZEC) has recently experienced significant volatility. After extreme price increases and sharp fluctuations, the asset is currently trading around $1,309.
In August, ZEC began a strong rally from around $500, reaching a local high of approximately $1,670 in late September. This rally was entirely driven by speculation, and ZEC quickly dropped back to around $1,100 in October, followed by a further steep decline due to the ZEC genesis vulnerability exploit and related news.
Currently, ZEC's price remains above the medium- and long-term moving averages on the daily chart, indicating that the bullish trend remains intact, and the minor pullback in October has not erased the sharp rally in August.
The $1,300 to $1,350 area (key resistance) has been tested multiple times, indicating that sellers are somewhat controlling the upward momentum of ZEC. The first resistance level is near $1,350 (21-day EMA). A breakout above this region could propel ZEC toward $1,400 (a psychological resistance level).
On the downside, ZEC’s recent support is near $1,250, with $1,200 serving as the next major support level if bears continue to press. A significant increase in selling pressure could trigger a deeper pullback toward $1,000. However, this scenario appears unlikely for now, as the price is currently supported by three moving averages and a strong upward trendline.
Overall, ZEC’s RSI is rebounding, indicating that bullish momentum is gradually improving, but a clear bullish trend has not yet been confirmed. Volume remains relatively low, suggesting that the price is more likely to continue consolidating in the short term rather than experiencing a breakout.
Currently, Zcash’s outlook is neutral to bullish. There is no confirmed breakout or significant downward plunge, and buying momentum is gradually improving. The $1,200 area is the most critical level to watch, as it may determine whether ZEC moves toward a bullish or bearish trend.