In this article5 sections
Chainlink (LINK) was trading around the $11.40 area on November 6, with sellers holding the upper hand, while XRP stood near $1.31 after rebounding from a recent low of about $1.23, according to U.Today. The same daily-chart review put Monero (XMR) near $636 in an uptrend and Zcash (ZEC) near $1,309, where the outlook was neutral to bullish for as long as the $1,200 level held.
The note described a market split between assets still correcting and assets that had already recovered. LINK was working through a pullback from a late-September local high near $15.50, XRP was trying to build on a bounce, XMR had doubled in price since July, and ZEC was absorbing the aftermath of a volatile October.
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Key facts
- Chainlink traded near $11.40, below its short-term and medium-term moving averages, with the long-term average close to the $11 area.
- XRP was near $1.31 after bouncing off roughly $1.23, with $1.33-$1.35 as first resistance.
- Monero traded near $636, up from about $310 in July, and held above all major moving averages.
- Zcash traded near $1,309, above its medium-term and long-term moving averages, with $1,200 as the last major support.
Chainlink and XRP stay range-bound
For LINK, the $11.00-$11.10 band was framed as the line between recovery and a deeper slide. Holding it would keep a climb higher possible; losing it would open the way toward $10 and then toward $10. On the upside, the first resistance sat near $11.7, with $12, $12.30 and $12.60 described as progressively heavier sell-side areas. LINK’s RSI sat at the 50 level, which the analysis read as almost no buying momentum and no oversold condition, making sideways trading likely in the short term.
XRP’s chart showed a similar pattern of lower highs and lower lows since a September local high around $1.60, following an August rally from about $1.00 to the $1.50 area. Support at $1.28-$1.30 was identified as the floor for any bullish push, while the $1.33-$1.35 zone formed by several moving averages was the test. A move above $1.35 was linked to a run toward $1.40 and targets near $1.5; a failed break there was linked to a drop toward $1.25. XRP’s RSI also sat at 50, and volume was described as not especially high, suggesting consolidation rather than a trend change.
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Monero extends its climb, Zcash holds a key support
XMR’s steady advance since July, from roughly $310 to the $630 area, was described as a healthy long-term trend, with rising short-term averages. After an October correction toward $520, the token broke through $620 resistance and moved close to $650. Support was placed near $620, with a stronger floor around $600 and a deeper level near $580. Its RSI was approaching 70, with the note flagging 85 as the threshold where overbought conditions could trigger a reversal. Holding $600 was presented as the condition for buyers to stay in control; a confirmed break above $650 was tied to a move toward $680.
ZEC had already weathered a sharp swing: a rally from roughly $500 in August to a late-September local high around $1,670, then a pullback toward $1,100 in October that deepened after the ZEC generation exploit and related coverage. The $1,300 and $1,350 zones had been tested repeatedly, with the first resistance near $1,350 at the 21-day EMA and $1,400 as a psychological level above it. Support sat near $1,250, with $1,200 as the last major level before a possible slide toward $1,000, which the analysis called unlikely for now given three moving averages and an ascending trendline. RSI was recovering but had yet to confirm a clear bullish trend, and volume remained low.
Why it matters
These four assets sit at different points in their cycles, and the shared RSI observations show how much of the market is waiting for a catalyst rather than committing. For holders of LINK and XRP, the immediate question is whether a near-neutral momentum reading resolves upward; for XMR and ZEC, it is whether recent strength and hard-won support levels survive a round of profit-taking. The ZEC note in particular ties technical levels to an exploit-driven drawdown, showing how quickly a speculative rally can unwind.
What to watch
The levels named in the analysis serve as the next checkpoints: daily closes relative to $12 for LINK and $1.35 for XRP, whether XMR holds $600 and clears $650, and whether ZEC defends $1,200. RSI readings moving toward 85 for XMR or turning lower for ZEC would mark the next shift in momentum.
This is not financial advice; cryptocurrency markets are volatile and uncertain, and technical levels can break without warning.
Source: U.Today
