EXCLUSIVE: Anthony Scaramucci Foresees Memecoins Heading Towards Zero — Claims 'Rapid Speculation' Trading Is 'Not My Business'
Scaramucci's Prediction on Meme Coins: Anthony Scaramucci predicts that meme coins will trend toward zero, expressing skepticism about their utility and value.
Support for Cryptocurrency Trading: Despite his views on meme coins, Scaramucci supports the right of individuals to trade them, emphasizing that rapid speculation is not his focus.
Bitcoin's Reputation: He acknowledges Bitcoin as a "digital property" and "digital gold," highlighting its established reputation in the cryptocurrency market.
Investment Strategy: Scaramucci's investment strategy involves selecting three to five Layer-1 tokens expected to gain adoption and utility over the next five years, with a positive outlook on Ethereum and Solana.
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Technical Analysis for ZEC
Technical Sentiment Analysis for Zcash (ZEC) As of , Zcash (ZEC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZEC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZEC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Zcash (ZEC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 25.176 | 104.873 | 182.216 | 261.913 | 339.256 | 418.953 | 496.296 |
| Fibonacci | 104.873 | 164.862 | 201.924 | 261.913 | 321.902 | 358.964 | 418.953 |
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