Zcash Founder Claims ZEC Holders Dodged a Bullet After Sprout Bugs Discovered
- Sprout Vulnerability Impact: Zcash developers uncovered two bugs in the Sprout privacy pool, one of which could have allowed counterfeit coins, raising concerns among ZEC holders; however, Zooko Wilcox stated they “dodged a bullet.”
- Market Reaction: Following the earlier Orchard vulnerability disclosure, ZEC traded near $446, showing slight recovery but still below pre-disclosure levels, with market confidence wavering regarding Zcash's ability to restore supply integrity.
- Enhanced Security Measures: Zcash's turnstile accounting system constrains fund outflows from privacy pools, meaning that despite the counterfeit risk in Sprout, the overall ZEC supply was not directly threatened due to this mechanism.
- Future Audit Plans: Zcash is advancing the Ironwood upgrade plan aimed at strengthening supply verification through a new privacy pool and turnstile accounting system, intending to rebuild market confidence in its privacy model.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for XMR
Technical Sentiment Analysis for Monero (XMR). As of , Monero (XMR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 2 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for XMR 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, XMR 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 $-.
Monero (XMR) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 266.076 | 283.538 | 300.476 | 317.938 | 334.876 | 352.338 | 369.276 |
| Fibonacci | 283.538 | 296.679 | 304.797 | 317.938 | 331.079 | 339.197 | 352.338 |
About XMR
About the author








