Solana, Zcash, Chainlink and Cardano test key resistance zones as rallies continue

Solana nears $122 resistance after major breakout

Solana is currently trading around $119 after passing the significant $100 psychological milestone and extending gains from the $75–$80 range reached in August. The recent daily candle pushed towards $122 before a modest pullback, reflecting a shift in momentum and trading structure during the past month.

Since decisively breaking above its 200-day moving average at $90, Solana consolidated in the $97–$107 zone. Buyers repeatedly supported the lower end of this range, eventually propelling the price through $110 and then $120. This surge has been coupled with increased trading volume and confirms bullish sentiment above all major moving averages. The shortest of these averages now sits near $107, with intermediate averages rising toward $95–$100.

The relative strength index (RSI) has cooled from overbought levels and now stands in the mid-60s, suggesting room for further appreciation. Immediate resistance is found between $120 and $122.50. Should Solana close firmly above this area, further targets could include $125 and $130.

Support on the downside appears at $115, with a more significant zone between $110 and $112. A drop below $110 might trigger a deeper correction, potentially targeting $105.

Zcash maintains uptrend but faces correction risks

Zcash has sustained an aggressive uptrend, with the price recently attempting to breach $1,600 before settling near $1,585. This advance started at $500 in late August, then cut through the $800, $1,000, and $1,500 levels as momentum accelerated in September.

Although a pullback followed a brief rally to around $1,680, Zcash continues to register higher highs and higher lows. The asset trades above all primary moving averages, with the shortest metric near $1,250 and the 200-day moving average well below at $650. These extended gaps confirm trend strength but also introduce a heightened risk of significant corrections—even a move down to the shortest average would mean a drop of more than 20 percent.

Current resistance remains at the $1,600–$1,680 zone. A breakthrough could set sights on $1,700 and eventually the psychological $2,000 mark. First support stands at $1,500, with $1,450 providing a secondary safety net. A steeper fall toward $1,300–$1,350 could materialize if these levels are breached. The RSI, meanwhile, has retreated from extreme readings, leaving some space for further movement.

Zcash is a privacy-focused cryptocurrency that uses zero-knowledge proofs to enable shielded transactions, emphasizing user anonymity on its blockchain.

Mini dictionary: Zero-knowledge proof, a cryptographic method allowing one party to prove to another that a statement is true without revealing any details beyond the validity of the statement itself.

Chainlink sustains bullish momentum

Chainlink’s rally from August lows continues, with the token reaching $14.20 before settling around $13.82. The asset has displayed clear buyer control, repeatedly posting higher highs, and establishing a robust bullish trend after surpassing its 200-day moving average earlier this quarter.

In August, Chainlink was trading close to $8. Following a breakout above the $9.50 mark and the 200-day average, it consistently formed rising lows. The latest breakout overtook resistance near $13.50–$13.70, supported by rising trading volume. LINK is now positioned above all significant moving averages, with the shortest approaching $12 and longer averages near $10.20–$10.40.

Although the RSI remains below overbought extremes, elevated volatility suggests caution is warranted. The primary resistance now lies between $14.20 and $14.50, while $13 and $12.40–$12.50 constitute the next support levels. Should LINK fall below $12, a deeper retracement could follow. The distance from core moving averages raises the probability of sharper corrections even as the uptrend remains intact.

Solana, Zcash, Chainlink, and Cardano have all reached technical milestones, with each asset eyeing new resistance levels after strong recent rallies. As key support and resistance areas come into focus, traders are closely monitoring for signs of a sustained breakout or the risk of sudden corrections.

Cardano attempts crucial breakout above 200-day average

Cardano is seeking one of its most important technical breakouts in months. The asset is now priced at approximately $0.252 after briefly tapping $0.259, bringing it face to face with its 200-day moving average, which has acted as a long-term ceiling.

The ADA price trended below this moving average for most of the recent period, but the latest rally allowed a move through the $0.245–$0.25 region. Sustained closes above this band would confirm a meaningful change in trend. The structure has improved significantly since hitting a low near $0.145 in June, followed by stable gains through $0.22, $0.24, and $0.25. Buyers have repeatedly defended the $0.195–$0.20 support.

Short-term moving averages underlying ADA have turned upward and currently cluster near $0.20–$0.22, establishing stronger support than previously. Immediate resistance stands at $0.26; a clear breakthrough could open the path to $0.28 and then the $0.30 psychological level. If the price maintains support at $0.24–$0.245, the breakout is likely to hold. Dropping below this range would make another failed breakout more probable, with $0.22 as the next significant support.