July Brings Key Crypto Upgrades: INJ, $JUP, QTUM & More Down Up to 18%, Eyes on Testnets & Launches
Market Volatility and Price Declines: Major cryptocurrencies like INJ, JUP, and QTUM experienced significant price drops of up to 18% due to market volatility and profit-taking, despite having strong technological foundations and upcoming updates that could drive future growth.
Innovative Testnets Launching: ZetaChain and Soso Network are set to launch testnets aimed at improving interoperability and DeFi functionalities, with both projects viewed as potential game-changers in the crypto space, though their success will depend on attracting developers and proving their technology.
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Technical Analysis for ZETA
Technical Sentiment Analysis for ZetaChain (ZETA) As of , ZetaChain (ZETA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZETA 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 stock.
Support, Resistance & Moving Averages From a structural perspective, ZETA 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 $-.
ZetaChain (ZETA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0208 | 0.0331 | 0.0447 | 0.057 | 0.0686 | 0.0809 | 0.0925 |
| Fibonacci | 0.0331 | 0.0422 | 0.0479 | 0.057 | 0.0661 | 0.0718 | 0.0809 |
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