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Is It Too Late To Buy ZRC? Zircuit Price Surges 12% And This Might Be The Next Crypto To Explode
The Zircuit price has surged 12% in the last 24 hours to trade at $0.07607 as of 11:29 a.m. EST on a 62% rise in trading volume to $54.7 million.
Zircuit Price Aims For A Breakout
The ZRC price analysis on the 4-hour chart indicates a recent bullish breakout following an extended period of sideways consolidation.
For the past few weeks, the Zircuit price has been trading within a defined range, with $0.069 to $0.071 acting as a support zone and $0.078 acting as the resistance zone
The price of ZRC has now decisively broken through the upper resistance at $0.076, indicating strong buying momentum, according to data from GeckoTerminal.
ZRC has now crossed above both the 50-day and 200-day Simple Moving Averages (SMAs) at $0.06950 and $0.07329, respectively, now acting as the immediate support levels.
The Relative Strength Index (RSI) is at 69.19, approaching the overbought territory (above 70)
This suggests that the recent rally has generated strong buying pressure, but it also warns of a possible pullback or consolidation in the short term as the RSI nears overbought conditions.
ZRC/USD Chart Analysis Source: GeckoTerminal
ZRC Is Bullish
The recent breakout above $0.076 suggests that bullish momentum is gaining traction, and the Zircuit price could test higher resistance levels in the coming sessions
However, overbought RSI levels and the possibility of short-term profit-taking may lead to a temporary consolidation or pullback before further upside.
The first resistance to watch is at $0.080, followed by $0.085, which corresponds to the previous highs in December. If ZRC maintains momentum and consolidates above $0.075, it is likely to target these levels in the near term.
Immediate support lies at the breakout zone of $0.075-$0.076. If this level fails, the next support is at the 50-MA around $0.06950. A failure to hold above $0.075 could result in a retest of the $0.070 support zone, SMAs may provide additional support.
In the meantime, investors are flocking to buy the Best Wallet ($BEST) presale, which according to Crypto Gains, a popular YouTuber with over 144K subscribers, has the potential to deliver 10x returns after launch.
Best Wallet Presale Rockets Past $7 Million—Next Crypto To Explode?
Best Wallet is a multi-functional, high-performance Web3 wallet that is designed to elevate crypto storage and management. With over $7 million raised in its presale, demand for the BEST token is surging.
The project stands out in the crowded space of Bitcoin and crypto wallets by offering an intuitive and decentralized platform that allows users to securely hold their crypto assets off exchanges.
A key feature that sets Best Wallet apart is its “Upcoming Tokens” section, a presale aggregator that identifies high-potential projects
Find the next GEM with Upcoming Tokens! 💎
Explore the newest projects gaining traction and act early. Best Wallet’s Upcoming Tokens feature gives you exclusive insights into the next big thing. 🔥
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— Best Wallet (@BestWalletHQ) December 28, 2024
This feature has already delivered impressive results, recently flagging Crypto All-Stars to investors before it skyrocketed by 1,373%. Other breakout tokens identified by this feature include Pepe Unchained and Catslap, which also soared after their launches.
Investors can also stake BEST tokens for a huge 270% annual return.
Currently, BEST tokens are priced at $0.023575. Interested investors should buy before a price hike in a little more than 19 hours
Buy Best here.
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