Solana Treads Water at $120 as Zcash Correction Looms

Solana's price has been pushing against the $120 resistance level, with some market analysts predicting that it could reach as high as $125. The cryptocurrency has seen a significant surge in recent days, and its price is now hovering around $121.92.

In other news, Chainlink has reached a new local high after its latest increase, with prices ranging from $14.20 to $14.50 per unit.

However, not all assets are faring as well. Zcash has seen a significant increase in price since the end of August, but this rapid growth has also led to an increased risk of correction. The cryptocurrency's price has risen to over 1,680 dollars, up from its August low of around $500.

Cardano is also worth noting, as it remains relatively stable around its 200-day moving average. A key level of support for the asset is currently at $0.245 per unit.