Zcash’s six-week advance from $450 to $1,750 — a 289% move — has stalled with the token trading near $1,400, and its relative strength index sitting above 75, according to a U.today price analysis for October 2 that covers ZEC, ETH, HYPE and XLM.
Across the four assets, the pattern is the same: strong recoveries since late August meeting resistance and profit-taking in early October. U.today frames the moment as a set of inflection points rather than a single breakdown, with each token sitting at a different stage of its own cycle.
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Key facts
- Zcash rallied from $450 to $1,750 in six weeks, then pulled back to $1,400.
- Ethereum is testing its June downtrend near $2,800 after recovering from August lows of $1,750.
- Hyperliquid went from $40 in June to $90 in October, after spiking to $98.
- Stellar recovered to $0.21-$0.22 from August lows of $0.16, well below its June peak of $0.27.
Zcash: overbought after a 289% run
ZEC’s rally began from a $450 base and accelerated through late August and September. U.today attributes the re-rating to privacy-coin demand cycles and renewed interest in Zcash’s technical upgrades, while cautioning that above $1,400 the asset is in territory it has not traded in for roughly 40 months, so price discovery is thin.
The $1,450-$1,500 zone is the immediate hurdle. A failure there points to a deeper correction toward $1,200 or the 100-day moving average, the analysis said. A break above $1,500 on volume could open $1,800 and beyond, with a sustained close above the moving-average stack confirming a fresh higher-low pattern.
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Ethereum’s breakout test and the other two
ETH’s recovery started with a June plunge to $2,650 and August lows at $1,750 — a 34% washout — before a rally to $2,800 in early October erased most of the losses. U.today notes the long-term downtrend line from June has now been tested and held in September and October, and that volume during the recovery was moderate rather than explosive, which it reads as institutional accumulation rather than retail speculation.
The analysis gives two paths: a completed V-shaped recovery or consolidation ahead of a deeper pullback, with $2,500-$2,550 the lower-risk accumulation zone where the 200-day moving average provides support. HYPE, up 125% in four months, needs to reclaim $98 to target $110-$120; failure risks a move to $80-$85 or a 15-20% pullback to $75-$80. XLM’s compressed moving averages and weak volume leave it range-bound between $0.18 and $0.24, needing a Stellar Development Foundation initiative, a network upgrade, or a broader altcoin rally to clear $0.24-$0.25.
This is not financial advice; cryptocurrency markets are volatile and prices can move sharply in either direction.
Why it matters
For anyone watching these four charts, the common thread is that momentum has carried prices to levels where sellers historically show up. U.today’s read is that holders who bought the August lows are now facing their first meaningful decision point, while new buyers are being pushed toward waiting for consolidation rather than chasing resistance. The divergence in volume — thin for XLM, decisive on HYPE and ZEC breakout candles — also hints at where conviction currently sits in the market.
What to watch
The concrete triggers are a weekly Ethereum close above $2,800 on volume, a ZEC break above $1,500 on volume, and whether HYPE reclaims $98 or loses $88-$85. For XLM, the catalyst remains undefined; without one, the analysis expects consolidation between $0.18 and $0.24 to continue.
Source: U.Today
