December could be a crucial month for Monero and Zcash as they aim to take the lead among privacy-oriented cryptocurrencies. According to ChangeNOW, transaction volumes for these coins are rising, indicating strong interest in their long-term potential.
Monero Shows Potential Amid Growth
Monero's current price ranges between $143.77 and $166.22. The 10-day Simple Moving Average is $157.13, which is above the 100-day average of $148.95, indicating possible upward momentum. The Relative Strength Index is at 49.45, indicating a neutral market. Over the past six months, Monero's price has increased by 13.21%. The nearest resistance level is at $175, and if surpassed, the next target could be $198. The nearest support is at $130.94. These levels suggest potential for Monero's price to grow.
Zcash Gains Momentum Thanks to Growing Interest
Zcash (ZEC) has seen its price increase over 30% in the past month and nearly 90% over the last six months. Currently trading between $37.93 and $49.53, it is approaching the nearest resistance level at $54. Technical indicators such as the RSI at 61.87 and a positive MACD of 1.10 suggest bullish momentum may continue. If the price breaks through $54, the next target could be the second resistance level at $66.17, representing significant growth from current levels. Market dynamics indicate that bulls are influencing Zcash's performance, suggesting further growth potential.
Conclusion
December could be a pivotal month for Monero and Zcash as they establish themselves as leaders in privacy-focused cryptocurrencies. These coins offer unique opportunities for investors and traders seeking increased privacy and security in their transactions. With support for over 900 cryptocurrencies, ChangeNOW offers users a simple and secure way to exchange, buy, or sell Monero and Zcash with no hidden fees and without the need for registration.
In conclusion, December may see Monero and Zcash confirming their positions in the privacy cryptocurrency market. Their unique features continue to attract attention, and the market shows potential for their further growth.
