Key highlights:

  • XMR dropped by a hefty 12.6% this past week as it trades around $144.
  • DASH fell by a smaller 5% this past week to reach the $97.2 level.
  • ZEC dropped by 6.3% over the past 24 hours as it trades at $67.78

While the rest of the market starts to climb, Privacy Coins seem to be in a boat of their own as exchanges start to delist them from their platforms. Bittrex announced last week that they would be delisting the top 3 privacy coins, XMR, DASH, and ZEC, likely to respond to the SEC taking legal action against XRP.

As a result, the Privacy Coin sector took a slight tumble as most of them saw a substantial drop over the past week of trading.

Nevertheless, they seem to be holding at support pretty well as the irrational market is buying everything when it’s pumping – without a care for the risk involved.

If more exchanges announce further delisting of these privacy coins, it could result in a domino effect, which would cause the privacy coins to tumble further.

Despite this, the buying continues. The age-old saying is perfect here “The market can remain irrational longer than you can remain solvent,” so it’s best not to go against the market – despite the risks involved.

Today, we will analyze the top-3 privacy tokens that are all seeing positive price increases today:

Monero Price Analysis

What has been going on?

XMR fell by over 12% this past week. IT had started to surge higher during December as it rebounded from the $120 level and began to push higher. During the course of the month, XMR managed to reach as high as $180. However, it could not close a daily candle above long term resistance at $170 – provided by a 1.414 Fib Extension.

When news hit that Bittrex was about to delist XMR, the coin started to tumble. IT fell from $170 and continued to fall beneath $150 until support was found at around $130 – where lies the 100-day EMA level.

It has spiked beneath the 100-day EMA on numerous occasions in January but managed to remain above $126 (.5 Fib Retracement).

Over the past 2-days, it has spiked as high as $160 but still needs to produce a daily closing candle above $150.

XMR price short term prediction: Neutral

XMR is considered to be neutral right now. The coin would need to close beyond the $170 resistance to turn bullish again in the short term. On the other side, if it fell beneath $110 (200-day EMA), the market would turn bearish.

If the sellers push lower, the first level of support lies at $140 (.382 Fib). This is followed by support at $130 (100-day EMA), $126.75 (.5 Fib), and $110 (200-day EMA).

Added support lies at $100.

Where is the resistance toward the upside?

On the other side, the first level of resistance lies at $150. This is followed by $170 (1.414 Fib Extension), $180, and $183.80 (1.618 Fib Extension). Beyond $190, additional resistance is found at $200 (1.272 Fib Extension), $210 (1.414 Fib Extension), $220, and $225 (1.618 Fib Extension).

Keep up-to-date with the latest XMR price predictions here.

DASH Price Analysis

What has been going on?

DASh saw a smaller 5% price drop over the past week of trading as it trades at $97.65. The cryptocurrency was moving sideways during December between $88 and $115 – unable to break beyond these boundaries. Additionally, it is trading inside a shall falling price channel.

In January, DASH dropped from above $100 to fall as low as $85.52, where it met support at the .618 Fib Retracement, combined with the 200-day EMA and the lower boundary of the price channel.

It has since rebounded from this support and spiked as high as $108 (upper boundary of the channel) yesterday.

DASH price short term prediction: Neutral

DASH is also considered neutral right now until it can break above the November resistance at $115 (bearish .786 Fib Retracement). On the other side, a break beneath $84 (200-day EMA) is likely to turn DASH bearish in the short term.

Toward the downside, support lies at $92.78 (.5 Fib), $90 (100-day EMA), $85.50 (.618 Fib & 200-day EMA), and $80. This is followed by $75.31, $72, and $70.

Where is the resistance toward the upside?

On the other side, resistance first lies at $100. This is followed by $104, $108, and $115 (bearish .786 Fib). Added resistance is found at $122, $126 (bearish .886 Fib), $132, and $135.

Keep up-to-date with the latest DASH price predictions here.

ZCash Price Analysis

What has been going on?

ZEC has recovered from the price fall it saw on the 1st of January. However, it was already in a downtrend throughout December as it reached as low as $56 (long term .886 Fib Retracement). It rebounded from this support at the start of January and has started to push higher again to trade at $68.

ZEC price short term prediction: Neutral

ZEC is also considered neutral right now and would have to break above $80 to start to turn bullish. It would need to break beyond $87.50 (bearish .786 Fib Retracement) to confirm a sustainable bullish trend. On the other side, a drop beneath $55 would turn the market bearish.

If the sellers push lower, the first level of support lies at $66.63 (.382 Fib). This is followed by support at $64 (200-day EMA), $61.85 (.618 Fib), $60, and $58.45 (.786 Fib).

Where is the resistance toward the upside?

Ont he other side, the first level of resistance lies at $68.50 (bearish .382 Fib & falling trend line). Above this, resistance lies at $70, $74 (bearish .5 Fib), $79.60 (bearish .618 Fib), $82.95, and $87.50 (bearish .786 Fib).

Keep up-to-date with the latest ZEC price predictions here.



Back link Privacy Coins Hanging In The Balance But Promising Market Action Suggests Gains Ahead (XMR, DASH, & ZEC Price Analysis) | CoinCodex https://cloudtokenplus.com https://cloudtokenplus.com

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