Privacy Coins Surge: Dash and ZEC Prices Skyrocket

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

AURORA+2.45%

DASH-0.768%

ZEC-1.63%

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Dash Price Surge: Dash's price increased by over 8% in the last 24 hours, reaching an intraday high of nearly $48.77 with a daily trading volume exceeding $126 million, indicating a renewed market interest in privacy coins that could attract more investors into this sector.
ZEC Price Explosion: Zcash's price surged nearly 15% during the same period, approaching a six-month high of $69, as the SEC closed its multi-year inquiry into Zcash, removing market uncertainty and attracting institutional interest, further driving the price upward.
Market Sentiment Shift: With Bitcoin recovering above $77,000, a strong short squeeze occurred, leading to over $182 million in forced liquidations, and the price increases of Dash and ZEC reflect a resurgence of investor interest in privacy coins.
Technological Integration Boost: Dash's integration with the Aurora ecosystem on the NEAR protocol allows for smoother cross-chain swaps and decentralized finance deposits, reducing transaction friction and potentially enhancing market demand and liquidity for Dash.

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Technical Analysis for AURORA

Technical Sentiment Analysis for Aurora (AURORA). As of , Aurora (AURORA) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AURORA 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, AURORA 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 $-.

Aurora (AURORA) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	0.0152	0.0206	0.0241	0.0295	0.033	0.0384	0.0419
Fibonacci	0.0206	0.024	0.0261	0.0295	0.0329	0.035	0.0384

About AURORA

Aurora is a product that helps Ethereum users and dApps to easily move to the NEAR blockchain. It allows users to do two distinct things: upload and interact with Solidity smart contracts on NEAR blockchain and move assets (including ERC-20 tokens) between Ethereum, NEAR and Aurora via the Rainbow Bridge..Aurora’s base token is ETH to deliver the best user experience and familiar tooling for developers.AURORA token is a governance token to ensure proper upgrades to the protocol. Aurora is governed by AuroraDAO which includes representatives from different ecosystems and sectors of the blockchain industry.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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