Over the past 24 hours, privacy coins—most notably Canton (CC) and Zcash (ZEC)—have ranked among the strongest performers in the crypto market, each logging double-digit gains alongside a rally in Luna Classic (LUNC). Technical indicators for the privacy coins remain firmly bullish, while LUNC’s rebound could see choppy trading ahead of Do Kwon’s sentencing hearing on Thursday.
Canton’s Breakout Rally Faces Multiple Hurdles
After jumping 18% on Monday, Canton eased about 2% by Tuesday’s press time, but remains up following three consecutive days of gains. On the 4-hour chart, CC has broken out of a descending channel, suggesting further upside.
If Canton can close decisively above the 4-hour R1 pivot at $0.080, it may extend its rally toward the R2 pivot at $0.095.
Momentum indicators on the 4-hour timeframe point to strong buying pressure. The RSI sits at 63—pulling back from overbought territory yet holding above 50—while the MACD line continues its upward trajectory, underscoring the growing bullish momentum.
CC/USDT 4-Hour Chart
If Canton falls back below its 50-period EMA at $0.072, it could slide toward Saturday’s low around $0.058.
ZEC’s Rally Stalls at the 50-Day EMA
Zcash popped 18% on Monday to reclaim the $400 level and is still trading above $400 on Tuesday. Bulls now need a daily close above the 50-day EMA at $412 to open the door for a move toward the $500 psychological barrier.
– On the daily chart, the RSI has climbed from oversold territory to about 46, approaching the midline and signaling easing selling pressure.
– Meanwhile, the MACD line is closing in on its signal line, setting up the potential for a bullish crossover and confirming renewed upside momentum.
ZEC/USDT Daily Chart
If ZEC fails to stay above $400, it could drop back toward the $298 support level, which aligns with the October 11 high.
Luna Classic Eyes More Upside Above 200-Day EMA
Luna Classic is heating up ahead of founder Do Kwon’s Thursday sentencing hearing, following his guilty plea in the $40 billion Terra collapse fraud case. Building on Monday’s 9% gain, LUNC is up over 4% on Tuesday and remains above its 200-day EMA. Bulls are targeting Friday’s high near $0.0000700. The RSI sits at 69—just inside overbought territory—signaling strong buying pressure, while both the MACD and its signal line continue to climb into positive territory.
LUNC/USDT Daily Chart
A close below the 200-day EMA at $0.00005161 could open the door for a slide toward the 50-day EMA near $0.00003925.
