The post Hyperliquid (HYPE), Zcash (ZEC), Ethereum (ETH) and Shiba Inu (SHIB) Price Analysis for September 9: Volatility Implosion Introduces New Implications appeared on BitcoinEthereumNews.com.
Hyperliquid (HYPE): HYPE remains bullish despite cooling from $89, with $78–$80 support key for another push toward $90 and potentially $100. Zcash (ZEC): ZEC’s powerful rally remains intact, but extreme overextension and overbought RSI make a correction toward $1,000 or even $850 possible. Ethereum (ETH): ETH is consolidating above key support after its August breakout, but a rally to $2,600–$2,650 seems unlikely. Shiba Inu (SHIB): SHIB’s recovery remains constructive, but reclaiming the 200-day moving average at $0.00000567 is necessary to stay bullish. Hyperliquid might retreat After one of its biggest rallies of the year, Hyperliquid is finally exhibiting some signs of weariness. After dropping about 3.2 percent during the day, HYPE is currently trading at $82.50, retreating from the most recent local peak near $89. HYPE/USDT Chart by TradingView But the overall structure is still very bullish. In the latter part of August, HYPE surged from the $56–$60 range and then surpassed its prior significant highs at $75. The asset is still significantly above all of the daily chart’s major moving averages. While the 50-day and 100-day averages are significantly lower at roughly $66.82 and $65.39, the 20-day moving average is close to $77.82. Nearly $57 is the 200-day average. Whether the current decline is indicative of normal cooling or the start of a more significant correction is the immediate question. You Might Also Like The former scenario is somewhat supported by the RSI. It moved into overbought territory before declining to about 57 points. As a result, momentum significantly returned to normal while the price corrected. The crucial support zone is now between $78 and $80. It overlaps with the 20-day moving average, which is rising quickly, and the recent consolidation area. Holding it would put HYPE in a position to try again at $88–$90. A breakout there could…
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