Bitcoin sidechain creators tout new ‘permissionless’ version BitVM2
Introduction of BitVM2: The creators of BitVM have launched a new version called BitVM2, which includes significant improvements such as a permissionless system for challenging transactions and enhanced efficiency for processing transactions on the Bitcoin network.
Focus on Scalability: BitVM aims to scale Bitcoin rather than create decentralized finance applications, with the goal of enabling the network to handle millions of transactions per second while maintaining security.
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Technical Analysis for ZEX
Technical Sentiment Analysis for Zeta (ZEX). As of , Zeta (ZEX) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 2 indicators are flashing buy, while 5 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for ZEX stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, ZEX is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zeta (ZEX) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0188 | 0.00325 | 0.0211 | 0.0431 | 0.061 | 0.083 | 0.101 |
| Fibonacci | 0.00325 | 0.0185 | 0.0279 | 0.0431 | 0.0584 | 0.0678 | 0.083 |
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