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Major cryptocurrencies face bearish pressure with Bitcoin, Ethereum, XRP weakening while Zcash cools off.

Technical Signals
29 May 2026
UToday
View Source
Bearish
Major cryptocurrencies face bearish pressure with Bitcoin, Ethereum, XRP weakening while Zcash cools off.

The cryptocurrency market is showing signs of bearish pressure as major assets like Bitcoin, Ethereum, and XRP struggle to maintain momentum and key support levels. Bitcoin has fallen below key moving averages and faces potential deeper correction if it breaks below $70,000-$72,000 support. Ethereum is weakening after losing crucial support and trading below several moving averages, with $2,000 as a critical support level. XRP is nearing a turning point with repeated tests of $1.30 support, risking a breakdown if selling pressure continues. Meanwhile, Zcash is cooling off after a strong rally but remains in a bullish trend, supported by key moving averages and volume patterns. Investors should watch these support zones closely for signs of further declines or recovery.

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