Monero (XMR) and Zcash (ZEC): Privacy Coins on the Rise During Altcoin Season
Monero (XMR) Gains Momentum Toward Resistance
Monero has showcased impressive performance with a 37% increase in the last month. Currently trading near $205, it has breached the 100-day simple moving average of $191. With a Relative Strength Index (RSI) of 58, Monero indicates strong positive momentum. Bulls are targeting resistance at $268, and surpassing this could lead to values as high as $333.
Zcash (ZEC) Recovery Potential Amid Oversold Trends
Although Zcash saw a recent 17.56% drop, its 38.91% increase over the last month highlights significant recovery. Currently trading between $61 and $83, technical indicators suggest that Zcash is nearing crucial resistance at approximately $92. With an RSI at 36.80, signs of oversold conditions may yield substantial growth in the upcoming sessions.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.