Zcash's developer activity just fell to 2021 lows, per Santiment — the aftershock of its entire dev team walking out in January to form ZODL, backed by $25M from Paradigm and a16z (CoinDesk).
The privacy bid rotated to XMR. Monero is sitting just under the $565 ceiling with the September $630 high above it, and Peter Brandt just named it his favorite altcoin chart. The derivatives read is clean: ~$85M in 24h volume on flat open interest, barely-positive funding, only $33K of liquidations. That's spot demand, not a squeeze.
I'm watching the 20-day EMA near $540 — a daily close under it risks the $500 handle; a break above $565 opens $630. The honest part: XMR is still ~30% under its January $798 ATH, and the $590 zone already rejected price once. NFA — levels, not advice.
$XMR at ~$533: does $565 break this week, or does $540 get tested first? Drop your number.
$XMR #Monero #PrivacyCoins #PriceAction
The privacy bid rotated to XMR. Monero is sitting just under the $565 ceiling with the September $630 high above it, and Peter Brandt just named it his favorite altcoin chart. The derivatives read is clean: ~$85M in 24h volume on flat open interest, barely-positive funding, only $33K of liquidations. That's spot demand, not a squeeze.
I'm watching the 20-day EMA near $540 — a daily close under it risks the $500 handle; a break above $565 opens $630. The honest part: XMR is still ~30% under its January $798 ATH, and the $590 zone already rejected price once. NFA — levels, not advice.
$XMR at ~$533: does $565 break this week, or does $540 get tested first? Drop your number.
$XMR #Monero #PrivacyCoins #PriceAction