Return of Privacy Protocols and Rise of Infrastructure
- Privacy Assets Resurgence: Dash and Zcash have recently surged by 24.82% and 17.34%, respectively, indicating a renewed market interest in privacy protocols, particularly amidst discussions on financial sovereignty and technological evolution that may have spurred investor interest.
- Network Upgrade Drivers: Zcash's transition from proof of work to proof of stake enhances scalability and energy efficiency, attracting more investor attention to mature privacy technologies, reflecting the market's emphasis on technological advancements.
- High-Performance Infrastructure Rise: Monad's price increased by 19.30%, with its Ethereum-compatible layer-1 blockchain attracting developers through its parallel execution capabilities, signaling a growing market interest in projects that address the Blockchain Trilemma.
- Innovative Yield Products: Ethena's synthetic dollar protocol rose by 10.92%, employing delta-neutral strategies to ensure liquidity during volatile markets, indicating a growing market receptiveness to high-yield financial products.
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Technical Analysis for DEFI
Technical Sentiment Analysis for DeFi (DEFI). As of , DeFi (DEFI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 10 technical signals, shows that 3 indicators are flashing buy, while 7 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for DEFI 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, DEFI 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 $-.
DeFi (DEFI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.000211 | 0.000251 | 0.00029 | 0.00033 | 0.000369 | 0.000409 | 0.000448 |
| Fibonacci | 0.000251 | 0.000281 | 0.0003 | 0.00033 | 0.00036 | 0.000379 | 0.000409 |
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