Key Moments
- Zcash (ZEC) moves above $450 after an 11% jump on Thursday. The price now targets the $500–$512 zone.
- MYX Finance (MYX) rises 6% on Thursday but stays trapped between its 50-day and 200-day EMAs. The $3.17 level remains key resistance.
- MemeCore (M) extends its rally for a fifth day. It is up more than 30% this week and is now approaching a potential double-bottom confirmation above $1.52.
Market Leaders in the Latest Crypto Recovery
Zcash (ZEC), MYX Finance (MYX), and MemeCore (M) are leading the latest rebound across the crypto market. All three have posted strong gains over the past 24 hours. In addition, technical indicators for Zcash and MemeCore suggest more upside, while MYX Finance remains stuck between two major moving averages.
Zcash Targets the $500 Zone as Momentum Builds
Zcash trades 2% higher on Friday, extending Thursday’s 11% surge and pushing the price above $450. As a result, the token now sits well above its 50-day EMA and is moving toward the November 10 low at $512. For now, bulls are eyeing the $500 region as the next target.
The Relative Strength Index (RSI) holds at 52. This places the indicator just above neutral and shows growing buyer interest. It also leaves room for further upside before ZEC approaches the overbought 70 level.
Meanwhile, the MACD delivered a fresh buy signal on Thursday after a bullish crossover. Continued strength in both MACD lines would support the case for a sustained rally.
On the downside, the 50-day EMA at $416 is the nearest support. A pullback toward this level could provide a possible floor.
| Asset | Price Context | Key Levels | Technical Signals |
|---|---|---|---|
| Zcash (ZEC) | Above $450 after 11% rise Thursday and 2% gain Friday | Support: 50-day EMA at $416; Target/Resistance: November 10 low at $512 | RSI at 52; MACD in buy mode after bullish crossover |
| MYX Finance (MYX) | Trading between 50-day and 200-day EMAs | Resistance: 50-day EMA at $3.17, R1 Pivot at $3.73; Support: 200-day EMA at $2.69, S1 Pivot at $1.90 | RSI at 53; MACD near potential bearish crossover |
| MemeCore (M) | Up 5% Friday and on a five-day winning streak, over 30% for the week | Support: $1.52 and November 27 low at $1.19; Resistance: 50-day EMA at $1.76, November 27 high at $1.99 | RSI at 47 trending higher; MACD maintains buy signal after Tuesday’s crossover |
MYX Finance Trapped Between Key Moving Averages
MYX Finance continues to consolidate between the converging 50-day and 200-day EMAs. As of Friday, the token is still struggling to break above the 50-day EMA at $3.17, even after Thursday’s 6% gain.
If MYX clears $3.17, it could open the path toward the R1 Pivot at $3.73. The RSI at 53 remains slightly above neutral, showing a mild bias toward buyers.
However, the MACD lines are moving closer together. This increases the risk of a bearish crossover that could weaken upside momentum. If MYX fails to hold the 200-day EMA at $2.69, the price could slip toward the S1 Pivot at $1.90.
MemeCore Extends Winning Streak, Eyes Double-Bottom Validation
MemeCore is up another 5% on Friday, marking its fifth straight day of gains. This steady climb has pushed weekly performance above 30% and brought the token to a key technical point.
A daily close above $1.52 would confirm a potential double-bottom breakout. If that happens, the 50-day EMA at $1.76 and the November 27 high at $1.99 become the next resistance zones. These levels may influence how quickly the token can approach the $2 area.
The RSI at 47 is trending higher, signaling a gradual shift away from bearish conditions. At the same time, the MACD continues to show a buy signal from Tuesday’s crossover.
Still, a reversal below $1.52 would invalidate the pattern. Such a move could send the price back toward the November 27 low at $1.19.
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