U.Today Analysis: Hyperliquid, XRP, Zcash, and Ethereum Face Selling Pressure, Testing Key Support Levels
According to U.Today analysis, the cryptocurrency market is facing renewed selling pressure, with major assets such as Hyperliquid (HYPE), XRP, Zcash (ZEC), and Ethereum (ETH) testing key support levels. Hyperliquid failed to sustain its rebound towards September highs and is currently trading around $88.60, putting its short-term bullish structure under pressure. XRP has fallen to $1.43, breaking below its short-term upward moving average, with key support in the $1.37-$1.40 range. Zcash has dropped approximately 22% from its recent peak of $1,700 to around $1,325, indicating a significant weakening of short-term momentum. Ethereum experienced a sharp intraday decline to approximately $2,560, breaking out of its consolidation range since late September and approaching the critical support area of $2,500-$2,520.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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