Privacy Coins Experience Volatility Amid Network Activity Resilience
- Price Volatility: Privacy coins rose by 4.5% on June 8, with Monero up 7.6% and Zcash by about 7%, yet they remain over 12% below the start of the month, reflecting market concerns over a recent hack of the Zcash network that could undermine investor confidence.
- Strong Network Activity: Despite price declines, Monero's daily transactions surged from 23,867 on June 7 to 29,623 on June 9, indicating that user and miner engagement remains robust, suggesting a solid market foundation despite bearish price trends.
- Whale Positioning: Whales and institutional investors hold short positions of approximately $9.6 million in Zcash and $1 million in Monero, indicating a cautious outlook on potential rebounds, even as Zcash saw exchange inflows of $42.5 million in the past week, significantly above average levels.
- Ironwood Upgrade Plans: The Zcash ecosystem is set to implement the Ironwood upgrade in July 2026, aimed at creating a new shielded pool using the Orchard circuit patch, backed by formal verification and independent audits, though there are doubts about whether this upgrade can quickly restore market sentiment.
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Technical Analysis for DCR
Technical Sentiment Analysis for Decred (DCR). As of , Decred (DCR) 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 DCR 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, DCR 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 $-.
Decred (DCR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 8.372 | 10.076 | 11.152 | 12.856 | 13.932 | 15.636 | 16.712 |
| Fibonacci | 10.076 | 11.138 | 11.794 | 12.856 | 13.918 | 14.574 | 15.636 |
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