Is It Too Late To Buy ZRC? Zircuit Price Surges 12% And This Might Be The Next Crypto To Explode
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The
Zircuit
price
has
surged
12%
in
the
last
24
hours
to
trade
at
$0.07607
as
of
11:29
a.m.
EST
on
a
62%
rise
in
trading
volume
to
$54.7
million.
Zircuit
Price
Aims
For
A
Breakout
The
ZRC
price
analysis
on
the
4-hour
chart
indicates
a
recent
bullish
breakout
following
an
extended
period
of
sideways
consolidation.
For
the
past
few
weeks,
the
Zircuit
price
has
been
trading
within
a
defined
range,
with
$0.069
to
$0.071
acting
as
a
support
zone
and
$0.078
acting
as
the
resistance
zone.
The
price
of
ZRC
has
now
decisively
broken
through
the
upper
resistance
at
$0.076,
indicating
strong
buying
momentum,
according
to
data
from
GeckoTerminal.
ZRC
has
now
crossed
above
both
the
50-day
and
200-day
Simple
Moving
Averages
(SMAs)
at
$0.06950
and
$0.07329,
respectively,
now
acting
as
the
immediate
support
levels.
The
Relative
Strength
Index
(RSI)
is
at
69.19,
approaching
the
overbought
territory
(above
70).
This
suggests
that
the
recent
rally
has
generated
strong
buying
pressure,
but
it
also
warns
of
a
possible
pullback
or
consolidation
in
the
short
term
as
the
RSI
nears
overbought
conditions.
ZRC
Is
Bullish
The
recent
breakout
above
$0.076
suggests
that
bullish
momentum
is
gaining
traction,
and
the
Zircuit
price
could
test
higher
resistance
levels
in
the
coming
sessions.
However,
overbought
RSI
levels
and
the
possibility
of
short-term
profit-taking
may
lead
to
a
temporary
consolidation
or
pullback
before
further
upside.
The
first
resistance
to
watch
is
at
$0.080,
followed
by
$0.085,
which
corresponds
to
the
previous
highs
in
December.
If
ZRC
maintains
momentum
and
consolidates
above
$0.075,
it
is
likely
to
target
these
levels
in
the
near
term.
Immediate
support
lies
at
the
breakout
zone
of
$0.075-$0.076.
If
this
level
fails,
the
next
support
is
at
the
50-MA
around
$0.06950.
A
failure
to
hold
above
$0.075
could
result
in
a
retest
of
the
$0.070
support
zone,
SMAs
may
provide
additional
support.
In
the
meantime,
investors
are
flocking
to
buy
the
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according
to
Crypto
Gains,
a
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the
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after
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Crypto
To
Explode?
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for
the
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December
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2024
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