Bitcoin Steadies Near $78k as Zcash & Stellar Extend Gains

Key Moments

Bitcoin Holds Bullish Bias Above Major Technical Levels

Bitcoin (BTC) trades close to $78,000 at press time on Tuesday, maintaining a constructive upside bias after recovering roughly 2% from the previous day’s pullback. This stabilization comes despite losses of more than 4% last week.

BTC continues to trade above the 50-, 100-, and 200-day Exponential Moving Averages (EMAs), which stand at $73,579, $71,347, and $73,053, respectively. Price is also hovering slightly above the 50% Fibonacci retracement level at $75,233, calculated from the decline between $97,924 and $57,800. However, the advance remains contained below a former support trendline that has turned into resistance around $82,850.

On the momentum side, the Relative Strength Index (RSI) on the daily chart is near 57, indicating moderate positive momentum. At the same time, the Moving Average Convergence Divergence (MACD) line sits below its signal line, implying that buying pressure may be losing some strength.

Key BTC Levels in Focus

On the upside, immediate resistance is located at the overhead trendline near $82,850. If that barrier is cleared, the next important area is the 78.6% Fibonacci retracement near $87,476.

On the downside, the first notable support area is the 50% retracement level at $75,233. Below that, a broader demand zone is formed by the cluster of the 50-day EMA around $73,579, support near $73,127, and the 200-day EMA close to $73,053.

Zcash Sustains Bullish Structure Above Rising EMAs

Zcash (ZEC) trades above $1,150 on Tuesday after gaining 9% in the prior session. The privacy-focused token remains well supported above its key moving averages, with the 50-day EMA near $828, the 100-day EMA around $683, and the 200-day EMA close to $554. This configuration keeps the broader trend tilted to the upside, even as short-term momentum has cooled.

All three EMAs are trending higher, reinforcing the view of a sustained long-term uptrend. Nonetheless, daily momentum indicators signal some moderation in bullish strength. The MACD has slipped below its signal line, signaling a bearish crossover, while the RSI has eased to 63. This places RSI back in bullish territory rather than overbought conditions, indicating that the rally is maturing but remains constructive.

Key ZEC Levels: Record High and Pivot Supports

On the upside, a decisive move above last week’s record high of $1,296 could unlock further gains toward the R3 Pivot Point at $1,435.

On the downside, initial support is identified at the R1 Pivot Point at $1,005. Below that, the 50-day EMA around $828 offers additional support, with the 100-day EMA at $683 forming a deeper demand area ahead of the 200-day EMA near $554.

Stellar Extends Rally but Faces Long-Term Trendline Ceiling

Stellar (XLM) adds another 2% on Tuesday, building on an 8% advance from the previous session. The token trades above the 200-day EMA at $0.1879, which underpins a constructive short-term outlook.

However, XLM is still constrained below a long-term descending resistance trendline drawn from the highs recorded on May 30 and August 22, currently near $0.2033. A confirmed breakout above this barrier would expose the next Fibonacci retracement levels of the downswing from $0.2982 to $0.1524. The 50% retracement sits at $0.2131, followed by the 78.6% retracement at $0.2582.

Momentum indicators suggest improving, but not overheated, bullish conditions. The daily RSI is around 61, reflecting firm upside momentum without reaching overbought territory. Meanwhile, the MACD histogram has turned slightly positive, signaling that buying pressure is rebuilding.

Key XLM Levels: Support Cluster and Fibonacci Barriers

On the downside, the immediate support zone is anchored at the 200-day EMA near $0.1879. That area is further reinforced by the 100-day EMA at $0.1807 and the 50-day EMA at $0.1804, forming a deeper cushion if prices retrace.