Privacy-focused cryptocurrencies like Monero and Zcash might be poised for significant growth this November.
Transaction volumes for these coins have increased on ChangeNOW, a platform that allows cryptocurrency exchanges without registration.
This service is popular among savvy investors and large holders concerned about fund safety.
The rising activity suggests investors are accumulating, hinting at potential future growth for these coins.
Monero Poised for Growth as Indicators Suggest Bullish Turn
Monero’s price is currently between $155.88 and $168.48, close to its 100-day average of $159.78.
The RSI is at 39.44, nearing oversold levels, and the stochastic is at 18.90, suggesting potential for a price increase.
Although the price fell by 5.81% in the last week, it has risen 11.55% over six months.
The nearest support level is $149.67, indicating limited downside. If buyers step in, Monero could reach the next resistance at $174.87, an increase of about 11% from current levels.
Given these signs, some may find the current setup favorable for purchasing Monero, which can be done on ChangeNOW with no registration and no hidden fees.
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Zcash Shows Oversold Signals; Bulls May Drive Price Towards $67 Resistance
Zcash (ZEC) is trading between $38 and $50. With an RSI around 32 and a Stochastic Oscillator near 13, both indicate oversold conditions, possibly signaling a bullish reversal.
Over the past month, the price has risen by over 10%. The nearest resistance is at $55; breaking this could push Zcash to the next resistance at $67, offering a potential gain of over 20%.
Despite a negative MACD level, the recent positive price changes suggest bulls are gaining influence.
The current setup favors a further increase in Zcash. This coin is available on ChangeNOW with no registration and no hidden fees.
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Conclusion
Monero and Zcash offer unique opportunities for traders and investors seeking privacy-focused cryptocurrencies.
Their strong emphasis on anonymity positions them as potential frontrunners this November.
For those considering investing in these coins, ChangeNOW provides an excellent platform for transactions.
It allows users to exchange, buy, or sell these cryptocurrencies without hidden fees or the need for registration.
By not storing user funds, ChangeNOW enhances security. With support for over 900 cryptocurrencies, no limits on transaction volumes, and the option to purchase crypto using a bank card, ChangeNOW simplifies the trading experience.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
