Zcash News Today: Privacy Coins Battle Volatility: Can They Rebound?

Ethereum's recent emphasis on privacy has reignited interest in privacy-focused cryptocurrencies, though the broader market remains cautious. Analysts and investors are closely watching tokens like Zcash (ZEC), Monero (XMR), and Dash (DASH), which have historically positioned themselves as leaders in financial privacy. Despite a recent pullback in prices due to broader market volatility, technical indicators and sustained investor interest suggest a potential rebound could be on the horizon according to analysis.

Jacob Bury, a prominent crypto analyst, has maintained a bullish stance on privacy coins, identifying ZEC, XMR, and DASH as top picks for long-term investment. His analysis highlights key technical patterns and market dynamics that could drive these assets higher. Zcash, for instance, surged nearly 1,400% in late October and November, reaching a record high of $744 before retreating to around $423. However, Bury notes that ZEC has maintained a bullish structure, forming an ascending broadening wedge and a hidden bullish divergence on daily charts. These signals suggest a potential rebound, particularly if the price holds above $420 according to Bury's analysis.

Monero (XMR) has also shown resilience. After doubling in price over three months to a peak of $470, the token has faced downward pressure. Bury argues that XMR remains undervalued relative to its all-time high and is currently testing the upper trendline of an ascending narrowing wedge. A successful breakout could signal a renewed rally, provided the price breaks through the $420 resistance level.

Dash (DASH), another privacy coin, has quietly surged by 600% in recent weeks, climbing from $22 to $150 before retreating. Bury points to a hidden bullish divergence in DASH's price action and declining bearish volume as signs of buyer exhaustion and potential reversal. The analyst also emphasizes that DASH's market capitalization and use case make it an attractive option for investors seeking exposure to privacy-focused assets according to Bury's analysis.

While the broader crypto market remains volatile, Bury's analysis underscores the sector's long-term potential. Sustained interest in privacy technologies, driven by regulatory scrutiny and institutional adoption, could position these coins for a rebound once market sentiment improves. Additionally, the analyst highlights Bitcoin Hyper (HYPER) as a complementary bet, noting its zero-knowledge technology and growing demand from whale investors according to Bury's analysis.