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Cryptocurrency News Articles

Monero (XMR) and Zcash (ZEC) Show Potential Amidst Market Movements

Nov 28, 2024 at 05:18 am

With a potential cryptocurrency boom on the horizon for 2025, investors are searching for the best privacy tokens to protect their capital.

Monero (XMR) and Zcash (ZEC) Show Potential Amidst Market Movements

As 2025 approaches and rumors of a cryptocurrency boom circulate, investors are turning their attention to the best privacy tokens to protect their capital. Among the contenders in this space are Monero and Zcash, two coins that have seen increasing demand. According to ChangeNOW, a service for exchanging cryptocurrency without registration, transaction volumes for XMR and ZEC have risen notably. This trend suggests that savvy investors are accumulating these coins, signaling possible future growth.

Monero (XMR) Shows Potential Amidst Market Movements

Monero is trading within a range of $153.97 – $168.43. The Relative Strength Index is at 37.60, indicating that the market is approaching oversold conditions. The price is near the 10-day moving average of $157.25, and below the 100-day average of $161.42. The nearest resistance level is at $174.88; if crossed, the next target is $189.34. Reaching this level could signify an increase of about 20%. Over the past six months, Monero’s price has risen by 10.88%, showing signs of bullish momentum despite recent declines.

Technical indicators suggest that Monero may have room for growth if market conditions improve. For those interested in this coin, Monero is available for purchase on ChangeNOW with no registration and no hidden fees.

Zcash Shows Potential for Growth Amid Market Trends

Zcash (ZEC) is currently trading between $42.89 and $59.90. Over the past month, its price has increased by 32.78%, and in the last six months, it has risen by 71.25%. The nearest resistance level is at $67.21, while support is around $33.19. Technical indicators like the Relative Strength Index at 31.52 suggest that the market may be leaning toward bullish activity. The 10-day and 100-day Simple Moving Averages are close, indicating a possible trend shift. If the upward momentum continues, Zcash could reach the next resistance level, marking a significant percentage increase from current prices.

This setup appears favorable for those interested in Zcash, which can be traded on ChangeNOW with no registration and no hidden fees.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

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