Ether and XRP Slip After Oct. 6 Close as Sui Momentum Weakens

Ether and XRP moved lower on Oct. 7 after weaker Oct. 6 closes, while Sui’s momentum indicator weakened and Zcash finished above its first Fibonacci retracement despite trading below that level.

Ether (ETH) closed Oct. 6 at $2,697.24, down 0.45%, after moving between $2,683.07 and $2,724.02. Initial support was identified at $2,650.41-$2,683.07. Ether’s 14-period Wilder average true range declined to $79.79 from $82.78, with approximately $2,617 identified as a lower volatility-adjusted reference.

XRP closed at $1.49698, down 0.70%, after trading between $1.49080 and $1.52382. Its 20-day exponential moving average was $1.47751, while its 50-day average stood at $1.39825.

Sui (SUI) closed at $1.1782, down 2.96%, with a low of $1.1757. Its daily MACD line fell to 0.10257, below the 0.10275 signal line. The histogram shifted from +0.00471 to -0.00018.

The two MACD readings were still above zero, showing reduced upside momentum in the completed daily candle without establishing a long-term downtrend. SUI support was identified at $1.1442-$1.1757, while $1.2182 marked a separate technical level.

Zcash (ZEC) closed at $1,366.92, up 2.18%, after trading between $1,318 and $1,385.20. The asset closed above its first Fibonacci retracement at $1,320.64, or 23.6%, although its intraday low fell below that level. The 38.2% retracement stood at $1,392.18.

Bittensor (TAO) closed at $308.74, up 0.98%, on Kraken. Volume totaled 20,248 TAO, about 41% of the preceding 20-session average, leaving the gain without strong volume confirmation.

Daily technical readings describe completed candles. Prices can cross support or resistance during a session before a daily close confirms a break, and Fibonacci retracement levels mark possible areas of support or resistance rather than guaranteed outcomes.