cryptd.in

암호화폐 친화적인 인재를 위한 대체 링크드인

Zcash (ZEC) Explodes 90% in a Month: Bull Trap or Major Rally Ahead?

-

by

cryptd.in
in

Many leading altcoins, including Ethereum (ETH), Ripple (XRP), and Solana (SOL), have headed south over the past 30 days, moving in step with the market’s predominantly bearish tone.

However, Zcash (ZEC) has defied the overall pullback, posting a roughly 90% price increase during this period.

How Much Higher?

The privacy coin ZEC was the talk of the town towards the end of last year when its price surged from mere $50 to over $700 in a matter of two months. Back then, though, the entire crypto market was booming (even if Zcash was among the standout performers), whereas the recent surge appears far more unexpected.

Earlier this month, the token’s valuation briefly exceeded $630 before slightly retreating to the current $585 (according to CoinGecko’s data). Its market capitalization neared $10 billion, making ZEC the 14th-biggest cryptocurrency after flipping Cardano (ADA) and Bitcoin Cash (BCH). One factor that could have played a role in the ascent is the overall uptrend in privacy coins, with Monero (XMR) and Dash (DASH) also well in the green on a monthly scale.

Somewhat expected, crypto X is once again rammed with users envisioning further gains for ZEC. CryptoJack, for example, claimed that the asset has broken out of a descending channel, suggesting it could be starting a major move up.

Sjuul | AltCryptoGems and JAVON MARKS also gave their two cents. The former 말했다 ZEC looks “pretty bullish” as it’s potentially breaking out of a bull flag. JAVON MARKS noted the token’s strong progress and forecasted a possible rise above $700.

A Desired Correction?

Contrary to the bullish predictions made by the aforementioned market observers, ZEC’s Relative Strength Index (RSI) suggests the asset may cool off in the near term. The technical analysis tool ranges from 0 to 100, with ratios above 70 signaling that the coin is overbought and due for a potential pullback. On the other hand, readings below 30 are often considered buying opportunities. ZEC’s RSI briefly spiked beyond 80, while now it stands at roughly 66.

ZEC RSI
ZEC RSI, Source: CryptoWaves

Such a correction, though, seems to be something that certain analysts would actually welcome. Altcoin Sherpa, for instance, 말했다 they want to hop on the bandwagon should the price drop to $470 or even lower.

게시물 Zcash (ZEC) Explodes 90% in a Month: Bull Trap or Major Rally Ahead? 에 처음 등장 크립토포테이토.

댓글

답글 남기기

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

최신 피드

인기 카테고리

ko_KR 한국어
ko_KR 한국어 en_US English ro_RO Română et Eesti ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 pt_PT Português it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

웹사이트 검색

인기 스토리

태그

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #B비트코인 (446) #BitcoinETF (3) #B비트코인기초 (1) #B비트코인 취급 (1) #B비트코인가격 (5) #B비트코인가격수준 (1) #B비트코인펌프 (1) #B비트코인예치 (1) #B비트코인서지 (1) #BitcoinTop (1) #Bitfinex (1) #B비트 단위 (1) #브레이스브리지캐피털 (1) #BRC20토큰 (1) #BTC취득 (1) #B울리스틱 예측 (1) #BullishSentiment (1) #C중국광업 (1) #CPIP리뷰 (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulation (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (74) #DogecoinGains (1) #DogecoinVolume (1) #DutchCourt (2) #ECommerce (1) 1TP5테엘살바도르비트코인 (1) 1TP5테더리움 (73) 1TP5테더리움통증 (1) 1TP5테더리움가격 (1) 1TP5전문가 의견 (1) #FedRateCut (1) #FiatCurrency (1) #FinancialImpact (1) #FinancialPrivacy (1) #FirmShutdown (1) #FrozenAccounts (1) #IllicitFunds (1) #인플레이션데이터 (1) #투자 (1) #투자손실 (1) #일본기업 (1) #LegalAction (1) #LegalImpact (1) #법률 (1) #라이트닝 네트워크 (1) 1TP5시장분석 (3) 1TP5시장 모니터링 (1) 1TP5시장 예측 (1) 1TP5시장 예측 (1) #MarketProjection (1) 1TP5마켓지원 (1) 1TP5시장변동성 (1) #M결혼 (1) #MemeCoin (5) #MemeCoins (2) #M광부수익성 (1) #MoneyLaundering (2) #MtGox (4) 1TP5북한암호화 (1) 1TP5노보그라츠예측 (1) #P가격 마일스톤 (1) #P가격 예측 (2) #P가격 질문 (1) #PriceSurge (1) #P형량 (1) #QuantAnalysis (1) 1TP5규제압력 (1) #SEC안티크립토 (1) #ShibaInu (6) #SocialBuzz (1) 1TP5기술분석 (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) 1TP5토네이도캐시개발자 (1) #UKCrypto (1) #업사이드 잠재력 (1) #USCongress (1) #와이오밍랜드 (1) #XRP가격 (1) #XRP업스윙 (1)

유용한 링크

유용하다고 생각되어 공유하고 싶은 링크.