Iran's Nationwide Internet Shutdown Freezes Access for 7 Million Crypto Users
- Escalating Economic Protests: Iran's nationwide internet shutdown, implemented as protests entered their 12th day, has reduced national connectivity to just 1% to 5% of normal levels, effectively locking out 7 million crypto users from trading platforms and severely impacting their ability to manage digital assets.
- Information Control Tactics: The government engineered the blackout to disrupt coordination among demonstrators and limit information flow, with independent monitoring groups confirming the disruption was intentional, raising further concerns about government transparency and accountability.
- Crypto Market Freeze: With online verification unavailable, users are unable to log into exchanges or manage digital wallets, and although satellite internet alternatives exist, their illegal status in Iran has led to a near-total halt in crypto activity within the country.
- Economic Pressure Context: The protests were triggered by a sharp collapse in the rial, persistent inflation, and rising living costs, with the internet shutdown coinciding with large demonstrations, highlighting the government's focus on controlling information dissemination.
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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 6 technical signals, shows that 2 indicators are flashing buy, while 4 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 | 12.005 | 98.288 | 183.865 | 270.148 | 355.725 | 442.008 | 527.585 |
| Fibonacci | 98.288 | 163.938 | 204.497 | 270.148 | 335.798 | 376.357 | 442.008 |
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