Foreign media analysis indicates that in late September, the crypto market as a whole remained strong. SOL, LINK, and ADA continued to rebound, while ZEC maintained high levels after a significant surge. The article focuses on several key resistance and support zones, suggesting that the short-term trend has not yet been broken, but the deviation of some cryptocurrencies from their moving averages has widened.
SOL Approaching the $120 mark
SOL is currently trading around $119, having previously broken through the $100 mark. The article mentions that since SOL began to rebound from the $75 to $80 range on August 7th, it has risen to around $122, and recently, trading volume has also increased in tandem with this breakthrough.
From a range perspective, $97 to $107 was once a consolidation zone, after which the price continued to break above $110 and approached $120. Foreign media believes that $120 to $122.5 is the main resistance level at present; if the price can remain above this range, it may move towards $125 and $130 later on. The initial support level is at $115, with a more critical support area between $110 and $112.
ZEC High-level fluctuations, increasing callback pressure
After hitting above $1,600, ZEC fell back to around $1,585, but the overall upward trend has not yet ended. The article mentions that ZEC was still around $500 at the end of August and in September, it successively broke through $800, $1,000, and $1,500, showing a significant increase.
However, foreign media also pointed out that the current price of ZEC is quite far from the main moving averages, which indicates that the trend is still strong, but it also means that the risk of pullbacks is increasing. The range of $1600 to $1680 remains the main resistance area at present. If there is a further breakthrough, the market will focus on the $1700 and $2000 levels. The support level below is first at $1500, followed by $1450; if this level is lost, the correction range could drop to between $1300 and $1350.
LINK and ADA are watching to see if they can establish a solid foothold in the breakthrough
LINK once rose to around $14.2 during this round of rebound, before returning to around $13.82. The article suggests that LINK has formed a structure with higher highs and higher lows, indicating that the buying pressure is still prevailing. The current resistance level is between $14.2 and $14.5; if broken through, the market will further focus on $15. The initial support level is at $13, followed by $12.4 to $12.5.
ADA is currently trading around $0.252 and is testing a key level near the 200-day moving average. Foreign media reports that this area has served as a long-term resistance level for quite some time. If ADA can maintain a position above $0.245 to $0.25, the breakout signal will be more definitive. The short-term resistance above is at $0.26; if it continues to break through this level, the next target will be $0.28, followed by $0.30. However, if it falls back below $0.245 again, the validity of the breakout will be weakened.
