Zcash (ZEC) Paints Falling Star as Momentum Fades, Toncoin (TON) on Verge of Bullish Boundary, Shiba Inu (SHIB) Price Reset Is Near: Crypto Market Review

Even though Zcash had one of the biggest rallies in the privacy coin market this month, the most recent candle structure indicates that the movement is beginning to wane. ZEC now appears to be printing a classic falling star setup on the daily chart after surging from the low $300 region to almost $700 in a matter of weeks. This is a warning sign that buyers may finally be tiring after an aggressive vertical breakout.

Before sellers intervened and forced repeated rejections close to local highs, ZEC pushed sharply higher into the $680 region. Long upper wicks and waning continuation momentum are common indicators of distribution rather than sound consolidation in the most recent candles.

Meanwhile, momentum indicators are starting to decline. After being overheated for weeks, the RSI has begun to roll over, but it is still high near overbought territory. This kind of setup has historically been found close to local exhaustion zones, particularly following parabolic runs in which the price exceeds both organic spot demand and moving averages.

The overall trend is still bullish for the time being, despite the warning indicators. The 20-day moving average is quickly rising beneath price action in the mid-$500 range, and ZEC is still trading well above all major moving averages. Given how aggressive the most recent trend reversal has been, the 50-day and 100-day moving averages have also recently completed bullish recoveries following months of weakness.

However, vertical rallies seldom last forever without a reset. Bulls have a problem because momentum chasing, rather than steady accumulation, accounted for a large portion of ZEC’s recent growth. Volume skyrocketed during the breakout phase, but as the price gets closer to historical resistance levels from previous cycles, follow-through buying has begun to thin out.

Due to their relatively thin liquidity when compared to larger-cap cryptocurrency assets, privacy coins also frequently undergo violent reversals once speculative momentum subsides. Pullbacks frequently become much sharper than anticipated when traders rotate out.

Right now, the key zone is around $600 to $620. ZEC may quickly retrace toward the 20-day moving average around $530 if buyers are unable to protect that area. The next significant support cluster is located between $430 and $450, close to the previous breakout area.

Toncoin’s sharp correction

One of the most significant technical zones that Toncoin has tested in months is drawing near. TON entered a sharp correction phase that almost immediately erased a significant portion of the rally after a violent breakout earlier in May pushed the asset close to $3.00.

Currently, the chart is right on top of a significant bullish boundary that could determine whether the recent breakout continues or ends in a total collapse. The key level is clear. After losing steam from its explosive spike, TON is now trading around the 200-day moving average in the $1.75-$1.80 range.

Recovering and maintaining above the 200-day average has historically been the difference between a sustained bearish trend and a long-term recovery. As of right now, the price is attempting to level off at that line. Because of this, this area is crucial for both bulls and bears.

The recent rally was very aggressive. Driven by significant volume expansion and speculative momentum, TON moved from about $1.30 to almost $2.90 in a short period of time. However, such vertical movements are rarely sustained without consolidation. Profit-taking struck hard as buyers ran out of energy close to the highs, forcing a quick unwind back toward the breakout base.

The issue was the rapid decline in momentum. During the rally phase, RSI entered overheated territory and rolled over sharply. As TON retraced, volume also began to drop, indicating that the breakout frenzy had subsided considerably. Support is under more pressure as a result of the local top rejection, which also produced a lower high structure on shorter timeframes.

However, the overall structure is not yet entirely pessimistic. TON is still higher than the 50-day and 100-day moving averages, which both recently saw increases following months of declines. In comparison to the first quarter of this year, when TON spent months grinding lower in a persistent downtrend, the longer-term trend also significantly improved.

Whether buyers firmly defend the current boundary is what counts now. The correction may turn into a healthy retest prior to another continuation move higher if TON maintains its position above the 200-day moving average and reclaims the short-term trendline in the $1.95-$2.00 range. In that case, traders would probably start with the $2.40 area and then try again at the most recent highs.

Shiba Inu’s momentum is yet to recover

After losing a crucial support structure that kept the token together for almost two months, Shiba Inu appears perilously close to a complete momentum reset. Short-term control has returned to sellers as a result of the recent breakdown from a rising channel, and the chart now suggests a potential volatility flush before any significant recovery attempt can start.

The technical damage is already evident. SHIB gradually recovered momentum from its March lows while grinding higher for weeks inside a narrow ascending formation. However, buyers consistently lost strength close to the 50-day moving average, where the structure collapsed. The breakdown was confirmed when SHIB fell below both the short-term moving average cluster and trendline support as soon as support broke.

That action is significant because the recovery structure as a whole relied on the gradual holding of higher lows. Rather, as momentum indicators continue to decline, SHIB now trades below the previous support channel. The RSI did not exhibit a significant bullish divergence and instead declined toward the lower border of neutral territory.

In other words, the market now views rallies as exit liquidity. Near the recent local lows in the $0.00000540-$0.00000550 range, traders are keeping a close eye on the next significant area. The chart suggests a deeper reset toward earlier accumulation levels from March if SHIB loses that zone decisively.

That does not imply that a disastrous collapse is imminent. It probably indicates that after failing to maintain breakout momentum, SHIB needs a proper cooling-off period. These reset phases are common for meme assets following prolonged sideways compression. Before trend continuation is once again feasible, the market looks for a cleaner base, weak hands exit positions, and leverage is flushed out.

The catalyst required to quickly change sentiment is currently absent from SHIB. The 200-day moving average, which is still declining and reflects the larger macro weakness that has plagued SHIB for months, is still far below the token’s price. Even the most recent attempt at recovery failed to completely turn the long-term structure in a bullish direction.