Top Privacy Coins to Watch: XMR, ZEC & FET Are Breaking Trends
Privacy coins are catching the spotlight, shaking up the norms in the crypto world. With the rising interest, several names are making waves. This article dives deep into why XMR, ZEC, and FET are poised for significant growth. The reasons behind their rise and potential impacts will be uncovered.
Monero (XMR) Gains Momentum, Eyes Further Upside
Source: tradingview
Monero (XMR) has impressed with a recent price surge, gaining over 32% this month and 14% this week. Currently trading between $337 and $489, it's navigating a path towards its next resistance at $559. Should it breach this level, the door opens for a potential rise to $710. This represents an impressive potential upside, exceeding a quarter of its current price. With an RSI indicating strength at nearly 60 and an optimistic MACD, the momentum seems positive. The 10-day moving average sits above the 100-day, hinting at continued upward trends. If support holds firm at $256, Monero could rally strongly, rewarding those tracking its growth closely.
Zcash (ZEC) Shows Strong Growth Potential Amidst Volatile Swings
Source: tradingview
Zcash is experiencing dynamic price movements. Currently, it's moving between $407 and $787. In the past month, Zcash saw a massive growth of over 175%, climbing significantly over the last six months by an impressive 1450%. Its nearest resistance point stands at $958, which if surpassed, could lead to another rally toward $1338. However, the current price is above the 10-day moving average of about $673 and also above the 100-day average of about $525, suggesting positivity. The relative strength index is slightly over neutral, indicating more room for growth. Look for potential price shifts as investors keep an eye on these levels.
FET Coin Rebounds: Eyeing a New Price Surge
Source: tradingview
The Artificial Superintelligence Alliance (FET) coin is currently bouncing between twenty and forty-seven cents. Although it recently dropped by about twenty percent in a week, it stayed mostly flat over the past month. The coin has potential to climb to its nearest resistance level at about sixty cents, which would mean a leap of over twenty-six percent. If bullish sentiment grows, further gains towards the next resistance near eighty-seven cents could push it up more than seventy percent. The high RSI suggests strength, while the MACD hints at a possible uptrend. Traders are watching closely, as growth seems possible given the past dips.
Conclusion
XMR, ZEC, and FET are gaining attention for their focus on privacy. These coins are showing promising trends and could be significant players in the market. XMR is known for its strong privacy features, while ZEC offers users the option to choose between transparent and shielded transactions. FET is showing potential with its unique capabilities in secure, autonomous data transactions. Keeping an eye on these coins might prove beneficial for those interested in privacy-focused options.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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