Cardano's unexpected rebound
XRP is still in a consolidation phase.
The rise of Zcash is coming to an end.
Sui Accelerating upward
Cardano ( ADA ): ADA has broken through the long-term resistance level and key moving averages. As long as it can hold the support around $0.24, the $0.30-$0.32 range will become the focus of attention.
XRP ( XRP ): XRP is still in a bullish consolidation phase, below the range of $1.60-1.65; if it breaks through upwards, it could open up space towards $1.70-1.80.
Zcash ( ZEC ): ZEC is experiencing a clear pullback, but as long as the key support level of $1300 is held, the technical outlook remains positive.
Sui ( SUI ): SUI is consolidating near the September high. If it breaks through $1.30, the upward trend could extend to $1.35-1.40.
Cardano's unexpected rebound
After breaking through the resistance level that had suppressed its rebound for a long time at ADA, Cardano is currently presenting one of the strongest technical patterns in several months.
ADA is currently trading around $0.275. A strong daily bullish candlestick earlier on helped it break through the $0.265 level near the high of September. More importantly, the price has now surpassed the main long-term moving average of around $0.24. This moving average previously acted as a resistance level, but recent consolidation attempts to break below it have not been successful.
The current structure is favorable to buyers. Since August, ADA has formed a series of higher lows, and the shorter-term moving average has also turned upward below the price. The trading volume also increased during the latest breakout, adding credibility to this upward trend.
The current direct resistance level is around $0.28. If it can break through this area, there won't be many visible resistances before the psychologically important level of $0.30. Once it surpasses $0.30, ADA may further point towards the next wider resistance zone around $0.32.
RSI is approaching the upper edge of the recent range, but has not yet reached the extreme levels that would automatically indicate exhaustion of momentum. Therefore, momentum still supports the continuation of the current trend.
If ADA falls below $0.255-$0.260, the bullish scenario will weaken. An even more important support level remains around $0.24, where the long-term moving average and the previous consolidation range overlap. If $0.24 is lost, the latest breakout could turn into a "bull trap."
XRP is still in a consolidation phase.
Despite failing to continue the sharp rise in September, XRP still maintains a bullish structure. The asset is currently trading around $1.52 and has been consolidating below the resistance range of $1.60-1.65 for about two weeks.
For now, this consolidation appears to be constructive. The price is still significantly above the rising short-term moving average (around $1.45), as well as significantly above the long-term average range of $1.35-1.40. The downward resistance trend line formed in September has also been broken through. The key level remains around $1.60-1.65.
Multiple upward shadows indicate significant selling pressure in this area. XRP needs to close above this range on a daily basis to drive the next round of expansion. If a successful breakout occurs, $1.70 will once again come into view, followed by $1.80.
On the downside, $1.45 is the first important support level. If it is breached, it could lead to a deeper pullback to $1.38-$1.40. However, before that happens, the current sideways movement is more likely to be a consolidation after the support level has been regained, rather than a confirmed trend reversal.
The rise of Zcash is coming to an end.
After experiencing an exceptionally strong rise, Zcash has finally entered a clear correction phase, while ZEC has fallen from a high of nearly $1700 in September to around $1330. Although the decline is significant, the larger technical structure has not yet collapsed.
The currently most important level is $1,300. In the past few trading days, ZEC has tested the $1,280-$1,320 range several times, with buying pressure preventing it from effectively falling below that level. This range also overlaps with the rapidly rising short-term moving average, further reinforcing its role as immediate support.
The momentum has clearly cooled down. The RSI indicator has fallen from a consistently overbought level back to around the neutral 50 range. Considering to what extent the ZEC indicator became overheated in September...
If it can rebound to the range of $1400-1450, that would provide the first meaningful bullish signal. By then, ZEC could challenge $1500 and ultimately point towards a high range of $1600-1700.
Below, a range of around $1150-$1200 will be exposed, and another rising moving average may provide support at this level. Currently, ZEC is still in an upward trend, but it is essential to hold above $1300 to prevent further deepening of the pullback.
Sui Accelerating upward
Sui continues to maintain most of the gains since September, while SUI is currently trading around $1.22, having previously broken through significantly below $0.75.
Unlike ZEC, SUI did not experience a significant pullback after its initial rise. Instead, the price consolidated between around $1.14 and $1.28, forming a relatively tight range just below a local high point. Buying interest appeared several times near $1.15, and the most recent candlesticks indicate that the price is attempting to push upward towards the upper edge of this range once again.
The current resistance level is between $1.25 and $1.30. If the daily close exceeds $1.30, it will form a new local high and may open up space towards $1.35, and then towards $1.40.
RSI is still above 60, but has fallen from the extreme levels of September, which means that SUI still has room to break through again and will not immediately enter a state of severe overbought.
SUI The fundamental logic behind this round of gains is not so much due to some major catalyst unique to Sui, but rather the gradual rotation of liquidity within the broader crypto ecosystem. After Robinhood went live, the re-expansion of DeFi strengthened the narrative surrounding on-chain finance and redirected funds and attention back towards alternative networks.
Sui seems to be one of the projects that benefited later on. The improvement in DeFi activities and liquidity on the internet has provided sufficient fundamental support for SUI to be re-priced in the market. However, to a large extent, this trend can still be seen as a chain reaction brought about by the overall recovery of on-chain activities.
