Anderson's 15-Min Chart Triggers MACD Death Cross, Bearish Marubozu
ByAinvest
Thursday, Oct 9, 2025 1:02 pm ET1min read
ANDE--
The Ethereum Foundation (EF) has reaffirmed its commitment to privacy, emphasizing its importance as a core part of building trust. This support from a major player in the crypto ecosystem has likely contributed to the growing interest in ZCash, which is the second-largest privacy-oriented protocol with a market capitalization of $3.1 billion [1].
According to CoinGecko, ZEC has seen over $840 million in trading volume over the past 24 hours, indicating a substantial increase in demand for the token. The futures Open Interest surged to $237 million on Thursday, underscoring the growing retail demand for ZEC. This represents an 84% increase from the average OI of $37 million on October 1, suggesting that traders are increasingly piling into long positions, anticipating a sustained rally in the coming days [1].
Technical indicators also support a bullish outlook for ZCash. The Relative Strength Index (RSI) is currently at 72, indicating strong bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) maintains a buy signal with the blue line above the red signal line, further reinforcing the short-term bullish outlook [1].
While a breakout above the $200 mark could be anticipated in the coming sessions, traders should remain cautiously optimistic to avoid sudden pullbacks, especially given that the RSI is in overbought territory. However, dips could provide new entry opportunities, particularly if demand for privacy tokens and positive sentiment continue to prevail.
ZEC--
According to the 15-minute chart for Andersons, a bearish signal has been triggered in the form of a MACD Death Cross and a Bearish Marubozu candlestick pattern at 13:00 on October 9, 2025. This indicates that the stock price is likely to continue falling, as sellers are currently in control of the market, and bearish momentum is expected to persist.
ZCash (ZEC) has been trending higher for two consecutive days, reaching near $190 on Thursday, while most cryptocurrencies face headwinds with investors generally booking profits. The surge in ZCash's price can be attributed to a significant increase in demand for privacy-focused tokens, as highlighted by a notable rise in the futures Open Interest (OI).The Ethereum Foundation (EF) has reaffirmed its commitment to privacy, emphasizing its importance as a core part of building trust. This support from a major player in the crypto ecosystem has likely contributed to the growing interest in ZCash, which is the second-largest privacy-oriented protocol with a market capitalization of $3.1 billion [1].
According to CoinGecko, ZEC has seen over $840 million in trading volume over the past 24 hours, indicating a substantial increase in demand for the token. The futures Open Interest surged to $237 million on Thursday, underscoring the growing retail demand for ZEC. This represents an 84% increase from the average OI of $37 million on October 1, suggesting that traders are increasingly piling into long positions, anticipating a sustained rally in the coming days [1].
Technical indicators also support a bullish outlook for ZCash. The Relative Strength Index (RSI) is currently at 72, indicating strong bullish momentum. Additionally, the Moving Average Convergence Divergence (MACD) maintains a buy signal with the blue line above the red signal line, further reinforcing the short-term bullish outlook [1].
While a breakout above the $200 mark could be anticipated in the coming sessions, traders should remain cautiously optimistic to avoid sudden pullbacks, especially given that the RSI is in overbought territory. However, dips could provide new entry opportunities, particularly if demand for privacy tokens and positive sentiment continue to prevail.
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