The privacy coin ZEC has stunned the crypto world lately, after briefly rising to a ten-year high of almost $1,300. However, bears stepped in and erased much of the gains, and it remains unclear whether the rally will resume.<\/p>\n
Cardano\u2019s ADA has been the subject of optimistic price forecasts, while Ethereum (ETH) appears to be at a crossroads.<\/p>\n
The token has been crypto\u2019s top performer over the past few weeks, with its price skyrocketing by 130% in a month and its market capitalization temporarily surging past $20 billion. Potential catalysts include the launch of Grayscale\u2019s ZEC ETF, along with other factors\u00a0we covered in our article here<\/a>.<\/p>\n However, bears eventually halted the upswing, and three key developments suggest<\/a> a more substantial pullback may be on the horizon. According to Ali Martinez, one of those is the TD Sequential indicator, which flashed a sell signal on the 3-day chart.<\/p>\n \u201cThe last time this setup appeared, on May 19, it resulted in a 64% price correction. Worth paying attention to this one,\u201d he noted.<\/p>\n Other factors include ZEC\u2019s RSI soaring above 70 and entering bearish territory and the shift from self-custody methods to centralized platforms, which increases immediate selling pressure.<\/p>\n Zcash is, in fact, the worst-performing top 100 cryptocurrency today (September 11), after posting an 8.5% loss. Still, it remains among the 10 biggest digital assets.<\/p>\n Cardano\u2019s native token is up 12% on a monthly scale and continues to trade above the psychological $0.20 mark. Not long ago,\u00a0X user Sssebi saw<\/a> a \u201cbig chance\u201d for a pump to $0.30 if the price reclaims $0.25.\u00a0Before that, Martinez\u00a0said<\/a> the asset\u2019s Tom DeMark Sequential indicator\u00a0<\/span>flashed a buy signal.<\/p>\n Other market observers who recently commented on the asset include X user Cup and Alex Marzell. The former argued that \u201cthe biggest altseason ever is about to start,\u201d forecasting a potential price explosion to an all-time high of $8 for ADA. Marzell was not so optimistic, outlining<\/a> $0.2051 as \u201cthe shelf the whole run started from.\u201d<\/p>\n \u201cLose it, and there\u2019s not much underneath,\u201d he added.<\/p>\n The second-largest cryptocurrency has been hovering around $2,500 for the past several days, currently trading slightly below that level. According<\/a> to Ted, a strong weekly close above $2,550 could fuel a rally to $3,000, while Michael van de Poppe claimed that breaking above $2,520 could lead to the same outcome.<\/p>\n Earlier this month, Martinez disclosed<\/a> that 116,000 ETH (worth nearly $300 million) were withdrawn from centralized platforms in 48 hours, which supports the bullish scenario.<\/p>\n On the other hand, some analysts believe the price must first head south before starting a new bull run. X user Gerla, for instance, noted the formation of an inverted head-and-shoulders pattern and expects a potential drop to $2,000, followed by a big jump toward $4,000 in the coming months.<\/p>\n The post Zcash\u2019s (ZEC) Major Uptrend, Recent Cardano (ADA) Predictions, and More: Bits Recap September 11<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The privacy coin ZEC has stunned the crypto world lately, after briefly rising to a ten-year high of almost $1,300. However, bears stepped in and erased much of the gains, and it remains unclear whether the rally will resume. Cardano\u2019s ADA has been the subject of optimistic price forecasts, while Ethereum (ETH) appears to be […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-225871","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225871"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=225871"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/225871\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=225871"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=225871"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=225871"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}ADA Predictions<\/h2>\n
ETH at a Turning Point<\/h2>\n