May Opening

- Will Terra Luna and Zcash maintain their gains?
Terra Classic's stock is trading above $0.000070 USD as of this report on Friday, maintaining stability after gains exceeding 5% the previous day. The stock remains above the rising exponential moving averages (EMAs) of 50, 100, and 200 days, reflecting a positive short-term trend.

The Relative Strength Index (RSI) is stable in the overbought zone near 79, indicating that upward momentum has extended even as the MACD remains around the zero line, suggesting a slowdown in follow-through after the recent rise.

Clear resistance for LUNC remains at the highest swing level of $0.000081.

LUNC/USDT Chart Analysis (Binance)
Daily LUNC/USDT price chart.
On the downside, Fibonacci retracement levels of 78.6% and 61.8% at $0.000070 and $0.000062, respectively, act as support levels.

Meanwhile, Zcash's price is trading below the $350 level as of this report on Friday, continuing to contract within a triangle pattern. This privacy-focused cryptocurrency maintains a positive upward trend, stabilizing above the 50, 100, and 200-day EMAs, which are clustered around approximately $285 to $307.

The pair is also trading above the upward trendline support, now near $322, indicating that buyers still control the market structure in the medium term, even as the MACD line drops below the signal line, hinting at a slowdown in bullish momentum. At the same time, the RSI at 56 slightly favors the upside, indicating a mildly bullish bias.

On the upside, immediate resistance is defined by the downward trendline barrier around $357, where previous rallies have halted; a daily close above this level could pave the way for a more convincing recovery, targeting the psychological level of $400.

ZEC/USDT Daily Price Chart.

On the downside, initial support is observed at the upward trendline near $322, followed by the 50-day EMA at $307 and the 100-day EMA at $301, while the 200-day EMA at $284 provides a deeper, more strategic support level in case selling pressure accelerates.