Cryptocurrencies Price Prediction: Zcash, AAVE & Bitcoin – Asian Wrap 30 September
Zcash Price Forecast: ZEC stalls around $1,400 as easing upside momentum risks capitulation
Zcash (ZEC) price stalls around $1,400 at press time on Wednesday, holding steady after a 15% decline over the last three consecutive days of losses. Early signs of easing institutional demand, with $8 million in outflows on Monday, back the near-term downside risk in the privacy coin. The technical outlook for ZEC indicates a potential dip toward the $1,300 support floor.
Aave Price Forecast: Consolidates below $161 as profit-taking emerges after 10% surge
Aave (AAVE) slips below $161 on Wednesday after surging more than 10% the previous day, with on-chain data suggesting increased profit-taking. Meanwhile, Aave founder Stani Kulechov is considering an AAVE token-burn mechanism under Aavenomics 3.0, adding a potential catalyst for AAVE.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH, XRP pause near recent highs as bullish momentum moderates
Bitcoin price trades at $83,368 on Wednesday after failing to close above key resistance near $85,000 earlier this week. Despite this pullback, BTC holds above the 50-day, 100-day and 200-day Exponential Moving Averages (EMAs), which collectively reinforce a bullish near-term bias. The Relative Strength Index (RSI) near 59 suggests constructive but not overextended momentum. At the same time, the Moving Average Convergence Divergence (MACD) indicator remains slightly negative, hinting that upside pressure is moderating rather than reversing at this stage.
Author
FXStreet Team
FXStreet
Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.
