ANC dropped by almost 100% on Tuesday following a climb of nearly 100% the previous week. This is because bears continue their ravaging price. This comes as ZEC evaded today’s market uncertainty, and rose by as much as 16% during the session.
Zcash
Despite cryptocurrency markets falling by almost 2% in today’s session, the price of zcash (ZEC) was able to rally to its highest level in four days.
Today’s move in ZEC/USD saw prices rally from its long-term support of $106, with the 14-RSI also climbing past its own floor of 49.50.
ZEC was up 14.35% at the time of writing. On Tuesday it hit an intraday record of $128.20, its highest level since March 4.
The surge in prices saw them approach $130 resistance, but traders seem to have made profits and closed previous positions. This resulted in some slight gains.
We are also now at resistance for price strength as the RSI tracks at 57. That was a very hard ceiling in past years.
If volume moves above this level, ZEC could also break the $130 resistance. This would lead to ZEC moving towards multiple-week highs.
Anchor Protocol (ANC).
Over the past 10-days Anchor protocol (ANC), has had a tailoff in both halves. However, last week witnessed a series of new record highs.
These records have been snapped so far in this week. There has also been a lot of bearish pressure, sending ANC lower.
As this writing, ANC/USD was trading more than 16% lower Tuesday. It hit an intraday low at $3.58
Today’s drop has seen prices fall below the long-term resistance of $4.01, which it broke last week on its way to a new all-time high of $6.19.
After a 14-day RSI track at a peak 85 three days earlier, the price strength now stands at 52.40. It is at its lowest point since February 17th.
Were there any further price drops for ANC in this week’s session? Please share your views with us in the comments.
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