Altcoin. Photo by BeInCrypto Zcash is attempting to recover the losses accumulated in November after a steep decline cut its valuation by more than half.  The latest 40% rally has brought optimism back to the market, yet several underlying factors suggest ZEC may still struggle to complete a meaningful recovery. Zcash Is Not Following Bitcoin The RSI shows that bullish sentiment is strengthening as Zcash begins regaining traction. The indicator has climbed above the neutral 50.0 mark for the first time ...

Core Insights - Pi Coin is currently facing challenges after a significant price drop, struggling to break free from a downtrend due to weak market momentum and declining investor confidence [1][2] - Recent improvements in the broader cryptocurrency market sentiment may provide an opportunity for Pi Coin to recover [2] Investment Trends - The Chaikin Money Flow (CMF) indicator shows a noticeable uptick, indicating rising inflows into Pi Coin, suggesting that investor confidence is returning [3] - Sustained inflows are crucial for upward price movement, especially after a period of selling pressure [3][4] Technical Analysis - The Moving Average Convergence Divergence (MACD) indicator is nearing a bullish crossover, which historically has preceded recoveries for Pi Coin [5][6] - If the MACD crossover is confirmed, it could attract more investor interest and reinforce confidence in Pi Coin's recovery potential [6] Price Levels - Pi Coin is currently trading at $0.259, just above a critical support level of $0.256, which has prevented further declines [7] - To recover from a 47% crash, Pi Coin needs to rally approximately 38.8%, a target that may be achievable with rising inflows and improving technical indicators [8] Resistance and Risks - A sustained uptrend could help Pi Coin break through resistance levels at $0.271 and $0.286 [9] - However, failure to maintain bullish momentum could lead to a drop below $0.256, potentially extending losses to $0.240 [9]