Zcash Latest Updates: Privacy-Focused Cryptocurrencies Face Market Fluctuations—Is a Recovery Possible?
- Ethereum's privacy focus has revived interest in privacy coins like Zcash, Monero, and Dash despite market volatility. - Analyst Jacob Bury highlights bullish technical patterns in ZEC, XMR, and DASH, citing potential rebounds above key support levels. - Zcash surged 1,400% recently but retreated to $423, with Bury noting a bullish wedge pattern and hidden divergence suggesting recovery. - Monero tests an ascending wedge's upper trendline while Dash shows 600% gains, both flagged by Bury for breakout pot
Ethereum’s renewed focus on privacy has sparked fresh attention toward privacy-centric cryptocurrencies, even as the overall market remains wary. Both analysts and investors are monitoring tokens such as
Monero (XMR) has also demonstrated strength. After doubling in value over three months to hit $470, the coin has encountered some selling pressure. Bury believes XMR is still undervalued compared to its peak and is currently challenging the upper boundary of an ascending narrowing wedge.
Dash (DASH), another privacy-focused asset, has quietly climbed 600% in recent weeks, rising from $22 to $150 before experiencing a pullback. Bury highlights a hidden bullish divergence in DASH’s price movement and a reduction in bearish trading volume as indications of waning selling pressure and a possible reversal. He also notes that DASH’s market cap and practical applications make it appealing for investors interested in privacy-driven cryptocurrencies
Despite ongoing volatility in the wider crypto sector, Bury’s analysis points to strong long-term prospects for privacy coins. Continued enthusiasm for privacy solutions, fueled by regulatory developments and institutional interest, could set the stage for these tokens to recover as market confidence returns. Furthermore, the analyst draws attention to
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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