Crypto Overview: Market stalls amid weak sentiment – Terra Classic and Zcash struggle to hold gains

Market sentiment leans bearish

CoinMarketCap's Crypto Fear and Greed Index stands at 41 on Friday, hovering near the boundary between the neutral and fear zones, suggesting that risk-off sentiment is tightening its grip on investors.

Crypto Fear and Greed Index. Source: CoinMarketCap

Bitcoin holds at key support

Bitcoin shows a near‑term upside bias as the 100-day Exponential Moving Average (EMA) at $75,719 halts the three-day decline. The Moving Average Convergence Divergence (MACD) indicator remains negative and below its signal line, suggesting that upside momentum is shifting into a corrective phase. The Relative Strength Index (RSI) at 56 is comfortably above the midline, reinforcing a constructive tone rather than overbought conditions.

If Bitcoin clears below the 100-day EMA at $75,71, the 50-day EMA at $73,786 could provide a deeper floor, while the ascending trendline near $68,707 serves as a more distant structural base.

On the topside, the 200-day EMA at 82,494.55 is the next notable resistance, and a sustained break above this longer-term average would likely open the door to a renewed leg higher in the broader bullish trend.

Will Terra Luna and Zcash hold gains?

Terra Classic trades above $0.000070 at press time on Friday, holding steady after over 5% gains the previous day. LUNC holds above the rising 50-, 100-, and 200-day EMAs, reflecting a constructive near-term bias.

The RSI stands deep in overbought territory near 79, hinting that upside momentum is stretched even as the MACD flattens around the zero line, signaling waning follow-through after the latest spike.

The clear resistance for LUNC remains at the $0.000081 swing high.

Chart Analysis LUNC/USDT (Binance) — LUNC/USDT daily price chart.

On the downside, the 78,6% and 61.8% Fibonacci retracement levels at $0.000070 and $0.000062, respectively, serve as support levels.

Meanwhile, Zcash trades below $350 at the time of writing on Friday, extending a contraction within a triangle pattern. The privacy coin maintains a constructive bullish bias, holding well above the 50-, 100-, and 200-day EMAs, which are clustered between roughly $285 and $307.

The pair also trades above the rising support trend line, now near $322, suggesting buyers still control the medium-term structure even as the MACD line descends below the signal line, hinting at waning upside momentum. At the same time, the RSI at 56 keeps directional risks skewed slightly to the upside.

On the topside, immediate resistance is defined by the descending trendline barrier around $357, where prior rallies have stalled; a daily close above this level would open the way for a more convincing recovery phase, targeting the $400 psychological mark.

On the downside, initial support is seen at the rising trend line near $322, ahead of the 50-day EMA at $307 and the 100-day EMA at $301, while the 200-day EMA at $284 stands as a deeper, more strategic floor if selling pressure accelerates.

(The technical analysis of this story was written with the help of an AI tool.)