Crypto
Cryptocurrency Surge Hits Correction Risk as Divergence Emerges
Four major cryptocurrencies are experiencing a surge in price, but analysts are warning of a correction risk. According to technical analysis, HYPE is currently trading at $85.57, and while it has pulled back to $82.50, support levels around $78-$80 could be re-established if the price stays within this range.
On the other hand, ZEC is hovering around $1,149, but an overbought signal indicates a high risk of correction to below $1,000.
In contrast, ETH is holding above $2,400, while SHIB remains below its 200-day moving average. The overall technical outlook for these four cryptocurrencies is diverging, with some showing signs of weakness and others still pushing upwards.