According to Bijié Wǎng, Zcash (ZEC), Starknet (STRK), and Ethena (ENA) started December with significant declines, continuing their downward trend from the previous week. Over the past 24 hours, all three tokens fell by double digits, becoming the worst performers in the crypto market. Zcash faces a potential drop to $300 after Ethereum co-founder Vitalik Buterin warned against token voting, which he said could weaken the current privacy model. Zcash’s price fell below $400 and the 50-day EMA, dropping 10% amid increased selling pressure. Technical indicators like RSI and MACD suggest a strong bearish momentum. Starknet also faces a key support level at $0.10, with its price down over 5%. Ethena is in a downward channel pattern, with a 5% drop on Monday following an 8% decline on Sunday. The token’s RSI and MACD also indicate bearish signals.
Zcash, Starknet, and Ethena Lead Crypto Market Decline Amid Bearish Pressure
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