Schlagwort: crypto business

• Zcash gained 9% to above $215 but faces resistance and could dump hard.
• The altcoin rose amid Bitcoin’s rebound to above $69,000 on Monday.
• Privacy coin narrative and venture funding have helped ignite ZEC’s uptick.

Zcash (ZEC) rose nearly 9% after bouncing from recent lows, placing the token among the top gainers among the 100 largest cryptocurrencies by market capitalisation.

The privacy-focused coin retested resistance above $215 as altcoins broadly posted modest gains over the past 24 hours.

Sentiment improved after Bitcoin climbed above $69,000, helping lift the wider market.

ZEC advanced alongside other privacy-oriented tokens, including Tornado Cash, Oasis Network, and Dash.

Monero (XMR) also recorded gains, with the token rising nearly 3% over the past 24 hours.

What could help Zcash price higher?

While the broader market rebound has supported Zcash (ZEC), other factors may also be contributing to the token’s recent bounce.

ZEC appears to be drawing momentum from a new report by the United States Department of the Treasury, which acknowledged that crypto privacy tools such as token mixers can serve legitimate purposes.

The report states that such tools may be used for “legitimate financial privacy purposes,” marking a shift in tone from previous official positions regarding mixers and other privacy-focused technologies.

“Lawful users of digital assets may leverage mixers to enable financial privacy when transacting through public blockchains,” the Treasury said in its report to Congress.

The token has also benefited from ecosystem developments.

The team behind a new Zcash-powered mobile wallet recently secured $25 million in a funding round backed by several venture capital firms active in the digital asset sector.

Zcash Open Development Lab (ZODL) has secured over $25 million in funding from a16z, Paradigm, Winklevoss Capital, Coinbase Ventures, Cypherpunk Technologies, Maelstrom (family office of Arthur Hayes), Chapter One, David Friedberg, Haseeb Qureshi, Mert, Balaji and others.

If you… https://t.co/yeTadbUCR5 pic.twitter.com/PyisPQLWVJ

— Josh Swihart 🛡 (@jswihart) March 9, 2026

According to ZODL, the backing “signals strong investor confidence” in shielded ZEC transactions.

Players that participated in the funding include Paradigm, a16z crypto, Winklevoss Capital, and Coinbase Ventures.

Others were Cypherpunk Technologies and Arthur Hayes’ family office, Maelstrom.

Josh Swihart, the former CEO of Zcash developer Electric Coin Company (ECC), founded Zodl (formerly Zashi) in 2024.

Zcash price: breakout or dump below $175?

Zcash (ZEC) was among the standout performers in the privacy-focused segment of the crypto market in 2025.

The token rallied from lows near $50 in September to a peak of about $700 by mid-November.

However, the gains proved difficult to sustain as the broader market turned lower.

As Bitcoin declined and the wider crypto market followed, ZEC retraced sharply, slipping to below $220.

The token fell further to around $184 on February 5, 2026, during a broader market sell-off that coincided with the departure of core developers from Electric Coin Company (ECC).

Following the sharp downturn, ZEC is currently down about 58% on a year-to-date basis.

Zcash price chart by TradingView

The daily chart indicates that Zcash (ZEC) has rebounded from a key support level near $200.

If upward momentum strengthens, the token could test initial resistance in the $290–$300 range, with a potential move toward $400 if buying pressure persists.

The relative strength index (RSI) has turned higher around the 50 level, suggesting the possibility of continued bullish momentum.

However, the moving average convergence divergence (MACD) points to weakening upside strength, which could give sellers an opportunity to push the price back toward recent lows.

On the downside, ZEC could decline to levels last seen in October 2025 if bearish pressure intensifies.

A decisive close below $175 may open the door to further losses, with the next key support level around $120.

The post Zcash price forecast as ZEC extends gains above $200 appeared first on CoinJournal.

• Avalanche climbed above $9 as bulls mirrored broader gains.
• However, the altcoin remains in bearish momentum as the price hovers below a key level.
• Derivatives data and technical indicators offer a mixed outlook for the AVAX price.

Avalanche price continues to face headwinds as the token trades just above $9.00.

Despite slight gains after four consecutive days of downward action, AVAX price remains below the $10 mark as on-chain metrics and technical indicators show a mixed outlook.

The overall bearish price action and underlying crypto market sentiment favour sellers, particularly amid the unfolding geopolitical scenario.

Avalanche derivatives outlook

The derivatives market for Avalanche presents a conflicting picture that traders must navigate carefully.

On one hand, Avalanche futures Open Interest (OI) has fallen to $387 million, having declined steadily since mid-January.

Coinglass data shows OI is nearing the February low of $361 million, which could highlight a drop in investor confidence amid a broader bearish outlook.

Such a decline in open interest typically suggests that traders are closing positions rather than opening new ones, reflecting a cautious or bearish sentiment across the broader market.

However, a closer look at the funding rates tells a different story. The funding rate for AVAX turned positive on Monday after hitting -0.0153% on March 6.

While it is not steady amid recent price declines, it currently hovers around 0.0070%.

A positive funding rate indicates that long positions are paying shorts.

Often, this suggests that despite the falling price, a segment of the market remains bullish and is willing to pay a premium to hold long positions.

This divergence of a falling open interest and positive funding suggests that while overall participation is down, the remaining leveraged traders are optimistic of a notable rebound.

Avalanche price forecast

The technical picture for Avalanche indicates that the region around the $8.63 and $8.10 levels provides a crucial support zone.

AVAX has bounced off this area multiple times in the past two months, with bulls setting the lower boundary of the range as a key level on Feb 6 and on Feb 26.

However, the bulls have failed to go higher amid supply wall rejection below $10.

Avalanche’s price has declined by more than 26% year-to-date.

The Relative Strength Index (RSI) currently reads 46, which is below the neutral 50 level.

However, it’s upturned to indicate that bulls could reclaim traction.

Also notably, the Moving Average Convergence Divergence (MACD) indicator features a bullish crossover whose upside bias has not yet been invalidated.

As of Monday morning, AVAX traded at $9.08, hovering just above the critical support zone.

Should the market sentiment shift and buyers step in, a recovery to above $11 could bring the next level of $14 into play.

If the bearish momentum outlook picks up fresh momentum, the token’s value could test the February 6 low of $7.53.

The post Avalanche price forecast as bears keep AVAX below key level appeared first on CoinJournal.

• DEXE price is up amid a volume spike and broader crypto resilience.
• Bitcoin, Ethereum, and Solana are all holding onto gains despite the Iran war.
• DeXe has hit the $4.70 mark and could eye an extended rally to $9.00.

DeXe, the governance token for the DeXe Protocol, has surged to its highest level in three months after a robust 22% spike in the past 24 hours.

The DEXE token, which traded among the top gainers early Monday alongside Chilliz, Bittensor, and Pi Network, has surged by more than $112% in the past month to trade at prices last seen in late November 2025.

DeXe price today

DeXe is trading above $4.70 at press time on Monday, March 9, 2026, extending intraday gains to over 22%.

The surge comes after a breakout above $3.71 on Sunday, with today’s uptick aligning with a sharp volume spike.

According to CoinMarketCap, DEXE’s trading volume increased by 190%.

This stood at over $21.3 million at the time of writing, reflecting the high interest in the token.

Momentum comes amid resilience for Bitcoin and top altcoins despite the conflict in the Middle East following the United States and Israel’s attack on Iran.

Despite escalating geopolitical tensions in the Middle East, including recent escalations involving regional powers, the overall digital asset sector has held firm.

Oil prices surging in early trading tanked stock futures, but BTC and ETH held near key levels as institutional inflows continued to pick up.

For DeXe, gains come amid altcoin rotation and renewed optimism around decentralized finance (DeFi) protocols.

DEXE price technical analysis: What’s next?

The near-term outlook for DeXe is mixed after the token broke out from below a key resistance level.

Bulls have pushed prices above key moving averages, including the 50-day and 100-day exponential moving averages (EMAs) near $3.14 and $3.59, respectively.

If buyers continue to position and preserve the short-term uptrend from the swing low of $1.72 to the recent high of $4.70, the next hurdle will be the 200-day EMA.

On the daily chart, the 200-day EMA currently sits at $5.03, hovering as overhead resistance amid the bulls’ quest to turn $4 into support.

Doing this could shift DEXE from trading within a prolonged downtrend into a breakout trend.

Currently, the Moving Average Convergence Divergence (MACD) indicator suggests sustained buying pressure.

However, the Relative Strength Index (RSI) at 76 lingers in the overbought territory.

While bulls could extend gains, they face elevated risks of a temporary pullback amid profit-taking.

A decisive daily close above $4.22 will keep buyers in control.

If prices move lower, failure to hold $4.00 might trigger a retest of the 100-day EMA at $3.59.

Key support levels lie below the moving averages, with $3.24 and $2.10 providing robust demand reload zones.

The post DeXe price hits 3-month high amid 22% rally: What’s next? appeared first on CoinJournal.

• Solana changed hands for around $83 on the morning of March 9, 2026.
• The cryptocurrency could dip to under $75 if bearish sentiment holds.
• SOL price has floundered amid macro headwinds but could see another oversold bounce.

Solana (SOL) trades at around $83 in the early hours of Monday, March 9, 2026, up 1.3% in the past 24 hours.

The altcoin may be showing signs of bucking the trend across stocks as Bitcoin also pulls off the $66,000 low.

However, SOL is down by more than 5% in the past month and could revisit recent lows under $80 amid persistent negative funding rates and as the Iran war decimates risk sentiment.

Solana price: market conditions fuel caution

SOL has faced headwinds alongside Bitcoin and Ethereum since sliding from $250 in September 2025.

An acceleration in losses saw SOL drop to lows of $75 on February 5, 2026, and bulls have struggled to break above $90 since.

The broader macro and geopolitical headwinds have been key downward catalysts year-to-date, with these contributing significantly to the fading memecoin hype that has hit trading volumes hard.

While net inflows into Solana spot ETFs have largely defied the sharp redemptions that hit BTC and ETH products, institutional demand has slowed.

Cumulative SOL ETF assets sit at $958 million.

SoSoValue data shows two consecutive days of outflows last week, with over $8.2 million exiting on Mar 6.

That saw weekly flows cut to about $24 million from over $44 million the previous week.

Technical analysis

Standard Chartered recently cut its 2026 target for SOL to $250, but analysts at the bank forecast a bullish flip to $2,000 by 2030.

Buyers have the long-term forecast in their favour.

However, struggles below $100 suggest bulls have work to do in the short term if macro and geopolitical headwinds continue to batter sentiment.

SOL prices hover in a broader range between $75 and $94, but as broader crypto sentiment weighs on investors amid surging oil prices, the altcoin could flip lower.

Earlier on Monday, oil prices surged to near $120 a barrel amid concerns around the US- Iran war. Prices have since dropped to $100 after reports said the G7 will discuss to release emergency oil reserves.

The RSI and MACD indicators on the daily chart above highlight this possibility.

But could Solana bulls hold $80-$75 as a support zone intact as they eye a bullish reversal?

On-chain data shows funding rates extending in the negative and open interest down to $4.93 billion, down from $8.86 billion in mid-January.

Prolonged negative funding rates have nonetheless preceded an upside flip for the cryptocurrency.

This positions SOL for a likely short-term uptick, with $118-$120 the primary hurdle above the psychological level of $100.

The post Solana price forecast as bulls fight to keep $80 support intact appeared first on CoinJournal.