LayerZero (ZRO) is under renewed selling pressure after failing to break its 20‑day simple moving average for the fourth time since its May peak. The token is currently trading near $0.774, down over 9% in 24 hours, and is approaching the crucial $0.755 support floor that has held since June. Each rally attempt has been capped by the 20‑day MA at $0.834, while the 50‑day MA at $0.879 adds further overhead resistance. A daily close below $0.755 on the elevated volume seen today would break the range base and expose the token to a deeper decline. Meanwhile, LayerZero’s announcement on July 25 that it is winding down off‑chain support for five low‑activity chains – Botanix, Canto, Moonriver, Moonbeam and Nexera – adds a cautious note, although the move is viewed as housekeeping rather than a core retreat.
Solana (SOL) has slipped back below its 100‑day moving average at $74.50, reinforcing the bearish medium‑term structure. With the token pinned under multiple resistance levels, only the 200‑day MA near $79.60 sits at a distance. Immediate support lies at $72; a break there could expose the $68‑$70 zone that defined the June recovery base. Volume has tapered off, and the RSI has dropped to 48, indicating fading buying interest without oversold conditions.
Zcash (ZEC) is testing its 200‑day moving average near $411 after losing the 50‑ and 100‑day MAs. The token has formed a series of lower highs and lower lows since peaking around $570, leaving the $410‑$462 range as the last major support. The RSI has fallen to 43, and further downside remains possible before technical exhaustion brings dip buyers back.
Bitcoin (BTC) is consolidating around $64,000, trapped between the 50‑day MA near $67,500 and the 200‑day MA at $73,200 above. The 100‑day MA at $63,300 has acted as dynamic support, but a clear direction remains elusive. Volume has declined significantly from June’s panic selling, and the RSI at 53 suggests balanced momentum. A breakdown below $63,000 could retest $61,000 and the June low of $59,000.
