Bitcoin is currently struggling to maintain the $80 000 price level following three weeks of consecutive losses. Amidst this market volatility, three specific altcoins—MemeCore (M), Ethena (ENA), and Zcash (ZEC)—are showing distinct price movements and technical patterns.
MemeCore has recorded a 44% rally, trading near $0.97. The token faces a critical resistance level at $0.976. A successful breakout could target $1.75, while a failure to hold momentum might lead to a decline toward the support level of $0.75.
Ethena is trading at $0.205, having defended a support level of $0.188 following a token unlock event. Analysts note tightening Bollinger Bands, which may precede a significant price shift. A bullish scenario suggests a potential rise toward $0.244.
Zcash has seen a 7% weekly gain, supported by $41.1 million in inflows into Grayscale’s investment product. The token is currently testing the $1 234 resistance level. A confirmed breakout could push the price to $1 411, while failing to hold could result in a drop to $1 091.
