$ZEC Plunges About 14%; Privacy Coins Lead Market Declines
Zcash plunged as much as 14% to around $1,027, and was still down about 10% over 24 hours, with a cumulative 14% decline over seven days. Impact: Niche, highly volatile coins are bearing the brunt of deleveraging, weighing on ZEC and the privacy-coin sector. Resistance at 1,120 and 1,200; support at the 1,000 level. Trend: bearish and choppy. ZEC is a zk privacy coin focused on anonymous transfers.
TRX Edges Up Against the Trend, One of Few Strong Assets
Tron’s TRX rose about 0.3% against the trend to $0.3175, showing relative resilience. Impact: Funds are concentrating in leading and defensive public blockchains, slightly bullish for $TRX . Resistance at 0.32 and 0.33; support at 0.31 and 0.30. Trend: choppy with a bullish bias. TRX is a public blockchain associated with Justin Sun, focused on stablecoin settlement.
Solana Set to Host First Tokenized U.S. Stock Venue
Formation Securities filed a notice with the SEC proposing to operate the first tokenized securities venue on Solana, with on-chain shares of Exodus, Forward Industries, and Galaxy Digital set to launch in early 2027. Impact: RWA and stock tokenization are accelerating, benefiting the SOL ecosystem. $SOL Resistance at 85 and 90; support at 80. Trend: bullish over the medium to long term
Zcash plunged as much as 14% to around $1,027, and was still down about 10% over 24 hours, with a cumulative 14% decline over seven days. Impact: Niche, highly volatile coins are bearing the brunt of deleveraging, weighing on ZEC and the privacy-coin sector. Resistance at 1,120 and 1,200; support at the 1,000 level. Trend: bearish and choppy. ZEC is a zk privacy coin focused on anonymous transfers.
TRX Edges Up Against the Trend, One of Few Strong Assets
Tron’s TRX rose about 0.3% against the trend to $0.3175, showing relative resilience. Impact: Funds are concentrating in leading and defensive public blockchains, slightly bullish for $TRX . Resistance at 0.32 and 0.33; support at 0.31 and 0.30. Trend: choppy with a bullish bias. TRX is a public blockchain associated with Justin Sun, focused on stablecoin settlement.
Solana Set to Host First Tokenized U.S. Stock Venue
Formation Securities filed a notice with the SEC proposing to operate the first tokenized securities venue on Solana, with on-chain shares of Exodus, Forward Industries, and Galaxy Digital set to launch in early 2027. Impact: RWA and stock tokenization are accelerating, benefiting the SOL ecosystem. $SOL Resistance at 85 and 90; support at 80. Trend: bullish over the medium to long term