Crypto Prices Slide as Bitcoin, Zcash, Jupiter Weaken

Key Moments

Broader Market Sentiment Remains Weak

The wider cryptocurrency complex continues to face selling pressure, with Bitcoin (BTC) locked in a narrow trading band near $60,000 on Monday. Retail sentiment skews negative, as CoinMarketCap’s Fear and Greed Index stands at 15, firmly within the “Extreme Fear” category and moving sideways rather than showing signs of improvement.

Within this risk-off backdrop, Zcash (ZEC) and Jupiter (JUP) stand out as some of the steepest decliners over the past 24 hours.

Bitcoin Holds Key Support but Momentum Stays Fragile

Bitcoin is changing hands just under $60,000 at press time on Monday, reflecting an indecisive near-term tone. Its current consolidation around the $60,000 area highlights buyers’ efforts to defend this support zone and keep the price above the July 5, 2024, low at $53,485.

On the daily chart, the 50-day and 200-day Exponential Moving Averages (EMAs) at $66,946 and $76,645, respectively, sit well above the spot price, reinforcing a constrained medium-term setup.

Momentum readings reflect a cautious backdrop. The Relative Strength Index hovers just above the oversold band near 30, underscoring lingering downside risk. At the same time, the Moving Average Convergence Divergence line has slipped slightly below its signal line, pointing to continued bearish pressure.

On the upside, the first notable barrier above the psychologically important $60,000 mark is the $65,000 round figure, followed by the 50-day EMA near $66,946.

Zcash Hovering Near Crucial Technical Pivot

Zcash trades around $375 on Monday, remaining lodged beneath the 200-day EMA at $381 after two straight sessions of declines. The short-term outlook stays negative as price probes the 50% Fibonacci retracement level at $356, drawn from the upswing between $184 and $390.

The RSI reading at 37 reflects a retreat from the neutral midline as buying interest fades. Simultaneously, the MACD line remains below its signal line in negative territory, with an expanding downside histogram that indicates dominant selling pressure.

On the topside, the 200-day and 50-day EMAs at $381 and $455 form significant resistance zones. Above those, the 78.6% Fibonacci retracement at $520 stands as an additional upside hurdle.

On the downside, the 50% retracement at $356 acts as near-term support. Below that, the 23.6% retracement region around $251 comes into focus, followed by the broader cycle floor close to 184.57, where buyers would be expected to more forcefully test the prevailing bearish trend if reached.

Jupiter Pressured by Resistance, Eyes Potential Pullback

Jupiter trades near the $0.2000 psychological threshold on Monday after posting losses for two consecutive sessions. This drop reflects a reversal from an overhead resistance trendline around $0.2350, which has blocked Jupiter’s fourth recovery attempt since October 2025.

A confirmed daily close above the resistance trendline could open the way to a move toward the November 27 high at $0.2662, and then to the October 11 low at $0.3255.

However, momentum indicators now tilt more cautious. The MACD and its signal line are on the verge of a bearish crossover, while the RSI at 54 has turned lower after nearing the overbought region, pointing to waning bullish momentum.

On the downside, the first notable support lies at the 50-day EMA at $0.1950. A daily close back below this level would weaken the current constructive tone and could leave the pair vulnerable to a deeper corrective phase.