Tron ended the previous week up by almost 2%. The candle representing price action during this period showed slight rejections at $0.29, signaling the end of the uptrend. Several factors contributed to the slight increase last week. Aside from the market’s bullish state, several reports on Tron’s user count made waves. The account on the project surpassed 350 million amid the market’s consistent decline. In the wake of this announcement, the asset gained 2% and reached its highest price in the last fourteen days on Saturday. However, price action since this event revealed no upward momentum. The asset has since consolidated but may be gearing up for a breakout in the coming days. Tron User Count Remains in Play The market is gearing up for another major breakout this week as investors anticipate the rate-cut decision. Tron will react to this news, depending on the outcome.  The FOMC decision and the user count will be the catalysts for explosive price action in the next six days. It is worth noting that aside from last week, TRX has not moved by 2% in a day since the previous 10 days of November. The 1-day chart shows the asset trading above its pivot point for most of the last 7 days. In the event of a rate cut, it will be a launchpad to break the $0.29 resistance. The pivot point standard suggests that the asset may climb by 4% afterward, breaking above the first pivot resistance.  Away from TRX, Zcash is experiencing massive improvements at the time of writing. It opened at $343 on Monday and peaked at $393 a few minutes ago. The asset is up by over 13% since the start of the day. ZEC is currently one of the top gainers in the last 24 hours following the recent hike. News of the upcoming SEC roundtable on crypto and financial privacy, featuring founder Zooko Wilcox, is one of the factors behind the current hikes. It is also worth noting that the asset underwent some improvements to its offering on Binance. These fundamentals, including the market’s current bullish state, are driving the ongoing price surge. However, indicators point to further price increases. Zcash Gears Up for Major Breakout The asset ended the previous week down almost 19%. Its current price suggests recovery is in full swing, and indicators are responding.  For example, the histogram on the moving average convergence divergence prints short bars as the gap between the 12 and 26 EMA narrows. Further uptrend will result in the altcoin experiencing a bullish divergence, signalling a higher price climb. The bollinger bands suggest that if the current price trajectory continues, ZEC will flip $400. It may retest the middle band at $460. However, previous price movement indicates significant selling pressure at $430. A closer look at the chart indicates growing selling congestion at the mark as several upticks ended around it. The last was on Friday when the altcoin broke the mark but retraced afterwards. Last Monday, the bulls failed to push prices due to the same reasons. Nonetheless, decisively flipping the mark will result in a return to $450 this week. It is also worth noting that the fibonacci retracement hints at a possible surge to the 38% level at $480, once $430 breaks. The post Tron and Zcash Set For Major Breakout as User Count Explodes appeared first on CoinTab News.Tron ended the previous week up by almost 2%. The candle representing price action during this period showed slight rejections at $0.29, signaling the end of the uptrend. Several factors contributed to the slight increase last week. Aside from the market’s bullish state, several reports on Tron’s user count made waves. The account on the project surpassed 350 million amid the market’s consistent decline. In the wake of this announcement, the asset gained 2% and reached its highest price in the last fourteen days on Saturday. However, price action since this event revealed no upward momentum. The asset has since consolidated but may be gearing up for a breakout in the coming days. Tron User Count Remains in Play The market is gearing up for another major breakout this week as investors anticipate the rate-cut decision. Tron will react to this news, depending on the outcome.  The FOMC decision and the user count will be the catalysts for explosive price action in the next six days. It is worth noting that aside from last week, TRX has not moved by 2% in a day since the previous 10 days of November. The 1-day chart shows the asset trading above its pivot point for most of the last 7 days. In the event of a rate cut, it will be a launchpad to break the $0.29 resistance. The pivot point standard suggests that the asset may climb by 4% afterward, breaking above the first pivot resistance.  Away from TRX, Zcash is experiencing massive improvements at the time of writing. It opened at $343 on Monday and peaked at $393 a few minutes ago. The asset is up by over 13% since the start of the day. ZEC is currently one of the top gainers in the last 24 hours following the recent hike. News of the upcoming SEC roundtable on crypto and financial privacy, featuring founder Zooko Wilcox, is one of the factors behind the current hikes. It is also worth noting that the asset underwent some improvements to its offering on Binance. These fundamentals, including the market’s current bullish state, are driving the ongoing price surge. However, indicators point to further price increases. Zcash Gears Up for Major Breakout The asset ended the previous week down almost 19%. Its current price suggests recovery is in full swing, and indicators are responding.  For example, the histogram on the moving average convergence divergence prints short bars as the gap between the 12 and 26 EMA narrows. Further uptrend will result in the altcoin experiencing a bullish divergence, signalling a higher price climb. The bollinger bands suggest that if the current price trajectory continues, ZEC will flip $400. It may retest the middle band at $460. However, previous price movement indicates significant selling pressure at $430. A closer look at the chart indicates growing selling congestion at the mark as several upticks ended around it. The last was on Friday when the altcoin broke the mark but retraced afterwards. Last Monday, the bulls failed to push prices due to the same reasons. Nonetheless, decisively flipping the mark will result in a return to $450 this week. It is also worth noting that the fibonacci retracement hints at a possible surge to the 38% level at $480, once $430 breaks. The post Tron and Zcash Set For Major Breakout as User Count Explodes appeared first on CoinTab News.

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