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- The value of my coins Zcash and Worldcoin increased as buyers' dominance grew.
The price of Zcash continues to rise toward the short-term resistance level at $500, maintaining a positive upward trend in the near term, as it remains above the 50, 100, and 200-day exponential moving averages, which are centered around approximately $475 and $374. This accumulated configuration of exponential moving averages indicates the continuation of the overall bullish trend, even with decreasing momentum, as the Relative Strength Index (RSI) hovers above the neutral 50 line on the daily chart, while the MACD indicator remains slightly negative, hinting at a slight decrease in buying pressure.
Daily chart of the ZEC/USDT pair
On the bullish side, the next major obstacle appears at the descending resistance line break area near $590, where sellers may attempt to regain control.
Conversely, the initial support is at the 50-day exponential moving average around $475, followed by the 100-day EMA near $431, then the 200-day EMA close to $374, which together form a broad demand zone that must be broken to undermine the prevailing bullish structure.
Worldcoin is trading near $0.60, reinforcing its recovery above the moving averages. Its spot price remains stable above the 50-day EMA at around $0.38, the 100-day EMA at approximately $0.37, and the 200-day EMA at about $0.45, indicating a mature bullish phase as long as these dynamic support levels stay intact.
Meanwhile, momentum aligns with this structure, with the RSI hovering in the mid-sixties on the daily chart, and the MACD chart remains in the positive territory, suggesting that buyers still control the market despite recent upward progress.
Daily chart of the WLD/USDT pair
The initial support level is at the 200-day EMA, around $0.45, with demand expected to increase near the 50 and 100-day EMAs, which are centered between approximately $0.38 and $0.37. A daily close below the $0.45 level would weaken the prevailing bullish momentum, increasing the likelihood of a return to the normal moving average range toward the exponential moving averages.
Conversely, maintaining price movement above $0.45 keeps the door open for further upside potential and a possible retest of recent highs, which are still not limited by any significant resistance on the chart.
$ZEC
$WLD
Worldcoin is gaining momentum near $0.60, supported by a MACD buy signal and based on the main demand zone for the 200-day exponential moving average.