On September 21, cryptocurrency traders observed a fragmented market where Zcash and Hyperliquid maintained strong upward trajectories. While Avalanche saw a sharp price spike, Shiba Inu struggled to find a decisive direction amid mixed technical signals.

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The Grayscale ETF and Zcash's $1,400 Support Floor

Zcash (ZEC) is currently navigating a necessary cooldown period after a rapid rally that saw the asset peak at approximately $1,590 on September 19. According to the source report, ZEC was trading near $1,443 as of September 21, suggesting that the recent dip is a correction rather than a trend reversal. The asset's daily chart remains bullish, with price action staying well above major moving averages.

This price action is part of a broader shift toward institutionalization in the privacy-coin sector. The report highlights that institutional interest and the presence of the Grayscale Zcash ETF have provided a fundamental layer of support that distinguishes Zcash from more speculative assets. If buyers can defend the $1,400 to $1,450 zone , Zcash is well-positioned to test the $1,600 resistance level again.

How Manual Borrowing Pushed Hyperliquid Toward $100

Hyperliquid (HYPE) has successfully broken out of its previous $77 to $80 trading range and is now eyeing the psychological $100 milestone. as reported by the source, HYPE was trading around $91 after hitting a recent high of $94.50. Unlike other surging assets, Hyperliquid's Relative Strength Index (RSI) remains in the low 60s, suggesting it has more room to grow before becoming technically overextended.

The momentum behind Hyperliquid is driven by a concrete platform upgrade: the introduction of direct or manual borrowing. This feature allows users to utilize HYPE and Bitcoin as collateral, creating a direct link between the token's utility and its market demand. This fundamental catalyst makes the HYPE breakout more sustainable than rallies based purely on social media sentiment.

Avalanche's $10.83 Peak and the Risk of Overheating

Avalanche (AVAX) delivered a powerful technical move by reclaiming the $10 level and pushing toward a peak of $10.83. This breakout was supported by a sharp increase in trading volume and a move above the long-term moving average of $8.50 to $8.70. However, the speed of the ascent has created a precarious technical situation.

The primary concern for Avalanche is that the asset has become overobught, with the RSI climbing above 75. This suggests that a short-term pullback or a period of consolidation is likely. For the broader technical reversal to remain intact, AVAX needs to hold the $10.00 support level; a deeper slide could see it retesting the $9.40 to $9.50 range.

Why Shiba Inu is Stuck Below $0.00000570

Shiba Inu (SHIB) stands in stark contrast to the recovery seen in Zcash and Avalanche,remaining range-bound and technically neutral. To establish any real bullish momentum, SHIB must break above a resistance zone situated between $0.00000560 and $0.00000570. Until this happens, there is little evidence that the token is participating in the wider market recovery.

A significant open question remains regarding whether Shiba Inu is decoupling from the current altcoin trend or simply lagging behind. While the source provides detailed technical targets for the other three assets, it offers no fundamental catalyst for SHIB, leaving traders to wonder if the token lacks the utility-driven drivers currently propelling Hyperliquid and Zcash.