Shiba Inu sellers continue to hold control
Zcash tests the 50-day moving average
Monero holds key support
Dogecoin has stalled after rebounding from $0.0800.
Shiba Inu (SHIB): Trading near $0.00000521, below the 100-day moving average (approximately $0.00000530), which now acts as resistance. Buyers have held the key psychological level of $0.0000050, but rebound volume remains low. Bulls need a daily close above $0.00000530 (ideally above $0.00000542) to target the 200-day moving average (approximately $0.00000563).
Zcash (ZEC): Trading near $1,196, down approximately 30% from its peak of around $1,700 in late September, and currently testing the 50-day moving average.
Monero (XMR): The broader trend remains upward, with declining volume indicating that sellers are not applying strong pressure. XMR is currently trading between $515 and $545. A close above $545 could target $560 and then $590; a close below $515 may lead to a test of $483, followed by the 100-day moving average near $472.
Dogecoin (DOGE): Trading near $0.0845, rebounding approximately 5% from a low near $0.0800, a level now held by buyers. Price remains below all key moving averages, RSI is below 50, and volume on the rebound is modest.
Shiba Inu sellers continue to hold control
After a sharp decline on Monday, Shiba Inu is trading near $0.00000521. The price has fallen below the orange 100-day moving average, which is now around $0.00000530 and has turned into resistance.
Today’s candle has a small body, closes bullish, and features a long lower shadow, dipping as low as $0.00000502. This suggests buyers stepped in near the psychological level of $0.0000050. Support is first seen at $0.00000500, followed by the range of $0.00000475 to $0.00000490, where SHIB rebounded in September. Resistance lies at $0.00000530 to $0.00000542, with the 200-day moving average at $0.00000563 acting as the next level above.
From a broader perspective, SHIB’s price movement remains divided. It failed to reach the 200-day moving average (black line, near $0.00000563) in late September and has since declined steadily. The price is also below the blue and light blue moving averages (around $0.00000540), indicating that short-term control remains with sellers. Volume during today’s rebound was low. Price increases on weak volume often fail to sustain, so this rebound requires further confirmation.
For buyers to regain control, SHIB needs to close above $0.00000530 on the daily chart, ideally surpassing $0.00000542. This would bring the 200-day moving average back into view, with the next key target at $0.00000600.
If SHIB closes below $0.0000050, the rebound logic will be invalidated. The next target will be the range of $0.00000475 to $0.00000490; a break below this zone could open the way for a further decline toward $0.00000440 (the August low).
What’s next: SHIB is currently holding above its support level, with no clear trend emerging. The $0.0000050 level will determine the next move.
Zcash tests the 50-day moving average
Zcash trading price is nearing $1,196, a steady decline of approximately 30% from its peak of around $1,700 in late September. The current price is right near the blue 50-day moving average, marking the first real test of this pullback. Given the strong rally since August, a correction is expected and normal.
Support is at $1,120 (recent low), followed by the $1,050–$1,100 range, where ZEC paused in September. Deeper support lies near the orange 100-day moving average at $985 and the black 200-day moving average near $760. Resistance levels are at $1,230, $1,290, and $1,350.
However, signs are cooling. The RSI has dropped below 50, indicating weakening momentum. Volume has also declined over the past few days, suggesting neither bulls nor bears have fully taken control. Today’s candlestick shows a long lower shadow, dipping as low as $1,123, indicating buyers are defending this level. Yet, rallies have consistently failed to break above $1,230, while the green 20-day moving average remains above $1,290.
Bulls need a daily close above $1,230 and a further move above $1,290 to indicate that the pullback has ended. This would reopen the path toward $1,350 and higher levels.
If ZEC closes below $1,120, the 50-day moving average will be breached. The price could then decline toward $1,050, with the 100-day moving average near $985 becoming the next key support level.
What’s next: Looking at the larger time frame, the trend remains upward since all moving averages are sloping up. However, the short-term trend is downward; ZEC must hold at $1,120 to keep the larger trend intact.
Monero holds key support
Monero trading is near $528, holding above the blue 50-day moving average at approximately $515. Today’s candlestick is small, with a high of $544 and a low of $519. The price has declined about 17% from its September high near $635. That rally was rapid and quickly sold off, suggesting the true top zone was closer to $590–$600.
Support is at $515 (50-day moving average), followed by $483 (recent low), and then $472 (100-day moving average). A few days ago, a long lower shadow pushed the price down to around $483, after which buyers quickly pulled it back, indicating demand below $500. Resistance is at $540 to $545, followed by $560 and $590.
The trend on the higher time frame charts remains upward. All major moving averages are sloping higher, and the 200-day moving average (black line, near $430) is significantly below the current price. Volume has been declining during the pullback. This is a sign of calm, as sellers are not aggressively pushing lower. However, it also means buyers have not yet entered in force.
Bulls need the daily candle to close above $545. This would bring $560 into view and could potentially trigger a new rally toward $590.
If XMR closes below $515, the 50-day moving average will be broken. The price could then return to the low of $483, with the 100-day moving average near $472 becoming the next key support level.
What’s next: XMR is currently trading in a range between $515 and $545. A breakout in either direction will determine the next move.
Dogecoin has stalled after rebounding from $0.0800.
After a significant decline last week, Dogecoin is trading near $0.0845. Today’s bullish candle with a long lower shadow, which touched as low as $0.0800, indicates that buyers defended this key psychological level. The price has rebounded approximately 5% from its low.
Support is first at $0.0800, then at $0.0780, the September low. Resistance is at $0.0862, the $0.0877–$0.0890 range, and $0.0928.
The issue lies with the moving averages above. DOGE is trading below the orange 100-day moving average (near $0.0862), the blue 50-day moving average (near $0.0877), and the green 20-day moving average (near $0.0890). The 200-day moving average at approximately $0.0928 represents the next major resistance level. In late September, DOGE failed to hold above this level, and prices have since declined. The RSI is below 50, indicating weak momentum. Additionally, today’s rebound has seen low trading volume, making the reliability of this rally questionable until more buyers enter the market.
DOGE needs to close above $0.0862 on a daily basis to show that a rebound has strength. A close above $0.0890 would represent a stronger breakout, potentially opening the way toward the 200-day moving average near $0.0928. If it breaks higher again, the next target zone would be between $0.0960 and $0.1000.
If DOGE closes below $0.0800, the rebound will fail. The price may then test $0.0780. A break below this level could lead to further downside toward $0.0700, near the July and August trading range.
What’s next: The $0.0800 support level is still holding. However, since all moving averages remain above the price, DOGE has more work to do before a trend reversal can occur.