ZenChain Launches Layer 1 Blockchain for Secure Cross-Chain Transfers
- Secure Cross-Chain Transfers: ZenChain, as a Layer 1 blockchain, combines Bitcoin's security with Ethereum's smart contracts, enabling secure asset transfers across different blockchains, thereby addressing current fragmentation issues and enhancing user trust.
- Innovative Consensus Mechanism: Utilizing the staking-based Cross-Liquidity Consensus Mechanism (CLCM), ZenChain ensures network security and efficiency through the roles of validators and nominators, promoting economic incentives for long-term participants.
- Multi-Environment Support: ZenChain supports both EVM and Wasm execution environments, allowing existing Ethereum smart contracts to run without modification, which enhances developer flexibility and ecosystem compatibility, driving diversification in blockchain applications.
- Native Token Design: The ZTC token has a total supply of 21 billion with a fixed supply model, ensuring no inflation, and supports long-term ecosystem development through various allocation mechanisms, thereby boosting investor confidence.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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