Zcash Surges 35% in a Bear Market — The Only Major Altcoin Breaking Trend.
Defying the prevailing downtrend, one cryptocurrency has shown remarkable strength. In the midst of a bear market shaking the entire crypto space, Zcash has managed an impressive 35% surge. This article will explore the factors behind this unique performance and identify potential coins poised for growth.
Zcash Soars: Remarkable Growth in Cryptocurrency's Value
Source: tradingview
Zcash (ZEC) has experienced a notable surge in its value. Currently trading between about $500 and $820, it has shown impressive growth. Over the past month, the price has skyrocketed by nearly 168%, while over the past six months, the increase is an astounding roughly 1,190%. The coin is moving towards key resistance at around $940, and continued momentum could see it reaching the $1,259 mark. This upward trend is supported by a 10-day moving average of about $617 compared to a 100-day average of roughly $651, signaling a strong bullish pattern. The relative strength index also indicates room for further growth, encouraging optimism among traders.
Conclusion
ZEC has managed to rise by 35%, standing out among other coins. This increase is noteworthy, especially during a general downturn for altcoins. Many other cryptocurrencies have not seen similar gains in value. This sets ZEC apart in the current market.
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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