Both ZCoin (XZC) and DASH have increased by more than 100 percent since the beginning of January. The Monero (XMR) price has yet to undergo a similar increase but it has practically mirrored their pre-breakout movements.
Altcoin Price Highlights
- XZC broke out above a 574-day downward trend.
- It has the potential to increase for another 75 percent.
- DASH broke out above a 721-day downward trend.
- It has the potential to increase for another 50 percent.
- XMR broke out above a 589-day downward trend.
- It has the potential to increase for another 65 percent.
- All three are trading above their 200-day moving averages (MAs).
Is the movement of these three coins similar? If so, can we use the movement of the other two to predict the XMR future price? Let’s take a closer look at each of these coins individually and reach a verdict.$XMR should follow $XZC and $DASH
— Johnny Woo | Never DM you for Money (@j0hnnyw00) January 29, 2020
You're too late. C'mon baby. pic.twitter.com/TbOe53aGyc
ZCoin (XZC)
In November 2019, the XZC price broke out above a descending resistance line that had been in place for 574 days. While following this line, the price had decreased by 90 percent. The most important resistance area is found at 130,000 satoshis, which also serves as the previous breakdown level.


DASH
In September 2019, the DASH price broke out above a 721-day downward trend, which is longer than that of Zcoin. While following this resistance line, the DASH price had decreased by 91.45 percent. While not as clear cut as in XZC, the breakdown level is at found at ₿0.02, since the rate of decrease accelerated greatly afterward.


Monero (XMR)
Now, we will attempt to use the movement from XCZ and DASH in order to make a prediction about the future XMR price movement. XMR broke out above a 539-day descending resistance line which had caused it to decrease by 75 percent. While the length of the line is similar to XZC, the price decrease was smaller than both XZC and DASH. The breakdown level is found at ₿0.012.

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Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Valdrin Tahiri
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona School of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.
(I do not have a discord and will not contact you first there. Beware of scammers)
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