Zcash Tests Crucial Support as Shiba Inu and Dogecoin Rebound Lacks Momentum
Shiba Inu and Dogecoin tried to recover from recent declines, but weak trading activity left their rebounds unconfirmed. Zcash fell about 30% from its late-September peak near $1,700 and traded around $1,196, with $1,120 seen as an important near-term level. Monero continued moving in a relatively tight range.
Shiba Inu traded near $0.00000521 after slipping under its 100-day average. Buyers defended roughly $0.0000050, but a close above $0.00000530—ideally $0.00000542—is needed to support the bounce. Dogecoin rose about 5% from $0.0800 to $0.0845 yet remained beneath key moving averages, with RSI under 50.
Zcash sat near $1,196, down 30% from a late-September peak around $1,700. Holding $1,120 is important; a break could expose $1,050 and the 100-day average near $985. Monero hovered near $528, above its 50-day average, within $515–$545 after a 17% pullback from about $635.
Traders and retail holders of Shiba Inu, Dogecoin, Zcash, and Monero may watch these levels closely, since moves through support or resistance could shape short-term sentiment and portfolio values. Weak rebounds and thin volumes could keep risk appetite cautious, while Zcash’s support test may draw attention to privacy-focused assets. Broader crypto markets could feel modest spillover if these tokens continue signaling uncertainty, though the effect may remain limited to speculative trading circles.