Zcash Price Surges Over 21% Amid Renewed Investor Demand

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: 4 days ago

DCR-2.421%

XMR-1.52%

ZEC-3.282%

Should l Buy DCR?

Price Surge: Zcash's price increased over 21% today, reaching $383 and marking a three-month high, reflecting strong retail investor demand for privacy coins, with a weekly gain exceeding 60%.
Rising Futures Interest: According to CoinGlass, Zcash's futures open interest reached $818 million on Friday, up nearly 26% from the previous day, indicating sustained investor interest and confidence in the asset.
Liquidity Pool Growth: Over 31% of all ZEC coins are now held in shielded liquidity pools, representing approximately $1.96 billion in protected value, further boosting investor confidence in its future performance.
Technical Analysis Signals: Zcash's price has broken out of a descending triangle, indicating a strong bullish signal, with the current key resistance level at $419; a breakout above this level could trigger a more significant rally.

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Technical Analysis for DCR

Technical Sentiment Analysis for Decred (DCR). As of , Decred (DCR) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 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	13.812	16.471	18.972	21.631	24.132	26.791	29.292
Fibonacci	16.471	18.442	19.66	21.631	23.602	24.82	26.791

About DCR

Decred is Money Evolved.By combining battle tested Proof-of-Work with an innovative take on Proof-of-Stake that places coin holders in charge of shaping the future, Decred is able to adapt to challenges and innovate at a rapid pace. You acquire influence in Decred by putting “skin in the game”.Decred’s security, privacy, scalability, and decentralized treasury empower stakeholders and provides them with the tools needed to enhance their financial sovereignty.

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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