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Zcash, Hedera Hashgraph record price fall as EOS shows promise

Akash Girimath

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Source: Unsplash

Hedera Hashgraph aka HBAR recorded the best performance among a host of the day’s worst-performing assets, including EOS and ZEC. While HBAR’s relative performance was found to be down by 3.96%, EOS and ZEC declined by 33% and 36%, respectively, over the last 35 days.

Source: TradingView

Zcash [ZEC]

Privacy coin ZEC has been on the surge in the short-term; however, since February, the coin has been recording a decline in its price.

At press time, however, the coin was facing a resistance level that extended all the way back to February. With 1 ZEC trading at $32.74, its market cap of $317 million places it 27th on CoinMarketCap’s charts with a 24-hour trading volume of $341 million.

The Bollinger Bands indicated a period of low volatility and a slightly bullish move for the last 3 days since the price had managed to stay above the red SMA.

Source: ZECUSD TradingView

Hedera Hashgraph [HBAR]

Unlike EOS, HBAR was pointing to a fall in its price with the formation of a descending triangle. At press time, the price of 1 HBAR token was $0.037, with the token ranked 39th on CoinMarketCap.

The 24-hour volume of HBAR was $9.8 million, with a market cap of $129 million. The recent surge in HBAR’s price was a premature rise following Google joining the network’s governing council recently. The MACD highlighted a looming bearish crossover.

Source: HBARUSD TradingView

EOS

EOS was among the delisted leveraged tokens from Binance; however, the price of the coin was constantly on the rise. Trading at $2.34 at the time of writing, the coin had a 24-hour trading volume of $2.46 billion. Once in the top 5 ranks, EOS was now the 9th largest crypto with a market cap of $2.15 billion.

With the formation of an ascending triangle, the token has plans to surge. However, VPVR suggests resistance at its current price level and with the formation of a death cross, it might be hard, but not impossible.

Source: EOSUSD TradingView

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Akash is a full-time cryptocurrency writer and an analyst at AMBCrypto. He is an engineering graduate with an avid interest in finance and economics. Attracted to the chaos of trading, Akash has invested in BTC, ETH and XRP for educational purposes.

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