Railgun (RAIL) price jumps 45% above $3 as bulls eye new all-time high

  • Railgun rides privacy narrative to above $3.20.
  • As Dash, Monero and Zcash surge, RAIL bulls could eye a new all-time high.
  • Technicals offer a mixed outlook and profit-taking could derail buyers.

Railgun (RAIL) price surged over 45% in 24 hours to top the $3.20 mark as top privacy coins soared, with Dash going vertical and Monero breaking to $700. Zcash also spiked, as did Pirate Chain, Decred, Oasis and Verge.

The surge for these coins comes despite the negative news of Dubai’s ban on privacy coins, pointing to a resurgence for the sector. Investors looking to rotate into outperforming altcoins see the censorship-resistance tokens as worth a bet.

Notably, Bitcoin and Ethereum have tailed off in the past two days as global risk assets falter on macroeconomic and geopolitical tensions, including the unfolding political situation in Iran.

RAIL pumps 45% to above $3.20

Privacy coins are back into the limelight as Bitcoin and Ethereum, and other top altcoins consolidate. Tokens native to several privacy-focused protocols have exploded in the past 24 hours, with Dash surging to outpace the sector.

Railgun, the zero-knowledge protocol designed to support private transactions for decentralized finance, has emerged as another top gainer.

The protocol has previously received backing from Ethereum founder Vitalik Buterin, and its offering is critical to DeFi.

The RAIL token was up more than 45% at the time of writing, touching highs of $3.20 amid a 176% spike in trading volume. Per CoinMarketCap, bulls elevated the daily volume to over $3.75 million as the price jumped to the intraday high.

Is RAIL price set for a breakout to a new all-time high?

The technical picture for the token signals likely upward continuation.

While key indicators paint a mixed outlook, the surge to $3.20 puts bulls in control.

That’s the outlook on the 4-hour chart, with the relative strength index in the overbought territory to suggest potential profit taking. Bears showed this as prices touched higher points on some exchanges before recoiling to lows just above $3.00.

However, RAIL is also sporting a moving average convergence divergence, painting a strengthening histogram. The MACD recently indicated a bullish crossover.

Railgun Price Chart
Railgun price chart by TradingView

For buyers, the breakout above $2.27 and $2.91 is key.

While price may yet see a pullback as noted above, a continuation may result in a fresh push to above $4.00. A close above the level will encourage bulls, with key targets being $5.50 and the all-time high of $8.37 reached in November 2021.

On the flipside, major support will be around $2.25 and $1.90.

The post Railgun (RAIL) price jumps 45% above $3 as bulls eye new all-time high appeared first on CoinJournal.

Chiliz price forecast: CHZ extends rally as bulls eye the $0.06 level

Key takeaways

  • CHZ is up 7% in the last 24 hours and is now trading above $0.053.
  • The cryptocurrency could rally towards the $0.060 level if the bullish trend continues.

CHZ hits $0.054 as bulls take control

CHZ, the native coin of the Chiliz blockchain, is up 7% in the last 24 hours, making it one of the best performers among the top 100 cryptocurrencies by market cap. 

The positive performance comes as Chiliz continues to expand its Fan Token lineup ahead of the 2026 FIFA World Cup.

Chiliz announced via X on Tuesday that Socios has signed a new national football team to launch a Fan Token, following launches for Argentina, Portugal, and Italy, marking the fourth national team. 

This latest development has boosted the demand for CHZ, pushing its market cap above $550 million. 

However, despite the current outlook, CryptoQuant’s summary data supports a bearish forecast for CHZ. The data shows that both spot and futures markets are displaying signs of retail activity and overheating, suggesting a potential correction ahead.

CHZ bulls eye $0.06 amid strong technicals

The CHZ/USD 4-hour chart is bullish but inefficient thanks to its rally in the last 24 hours. At press time, CHZ is trading at $0.0533 after successfully closing above the daily resistance of $0.039 earlier this year. 

CHZ has encountered a slight rejection around the $0.054 level but could overcome it in the near term. If CHZ continues its upward trend, it could extend the rally toward the $0.060 psychological level, with a\ weekly resistance at $0.063, an interesting area for the bulls. 

CJHZ/USD 4H Chart

The Relative Strength Index (RSI) on the 4-hour chart reads 66 and is heading into the overbought region. The Moving Average Convergence Divergence (MACD) also showed a bullish crossover, further supporting the bullish view.

However, if CHZ faces a pullback, it could dip towards the daily resistance-turned support level at $0.039.

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