Shiba Inu, Zcash, Stellar, Solana: Key Support and Resistance Zones in Focus

Major cryptocurrencies Shiba Inu (SHIB), Zcash (ZEC), Stellar (XLM), and Solana (SOL) are facing crucial technical levels as price action becomes increasingly range-bound and volumes remain subdued. SHIB is trading at approximately $0.00000534, registering a decline on the day. The token continues to face resistance at its 200-day moving average, located near $0.00000565, with multiple failed breakout attempts since late September. A recent dip pushed SHIB close to its 100-day average, which serves as support around $0.00000530. Buyers previously defended $0.00000510 twice this month, signaling this region’s strength as a short-term floor for the token’s price.

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