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Cortex (CTXC0, Horizen (ZEN), and USUAL Defy Wider Market, Post Double Digit Gains
Despite a challenging market environment, Cortex (CTXC), Horizen (ZEN), and USUAL have emerged as top gainers, defying the broader market trends. This extraordinary performance can be attributed to the groundbreaking technological advancements, strategic updates, and growing investor interest in these projects.
Cortex (CTXC) has witnessed a sharp rally driven by breakthroughs in its AI-integrated blockchain technology and recent enhancements in MIPS compilation and ZkRollup. The project’s benefits from these upgrades have amplified its appeal among investors seeking innovative applications of artificial intelligence within the blockchain ecosystem. As a result, CTXC has surged significantly on this day.
The token rose more than 17% to reach a daily high near $0.0225, with the relative strength index (RSI) hovering around 67. If bulls manage to break past the immediate resistance near $0.0233, CTXC price could continue its upward trajectory and potentially touch $0.0274 before correcting.
However, if the rally falters, the token may be forced to retest support levels at $0.0188 and $0.0162 before recovering.
Horizen (ZEN) has also seen significant gains, up more than 21% on this day alone. The token’s remarkable performance can be attributed to enhancements in its sidechain protocol, focusing on scalability and efficiency. Furthermore, the adoption of ZenDAO governance framework has fostered community participation, while liquidity has surged following its recent listing on Asia-Pacific exchanges.
As privacy becomes an increasingly critical aspect of the digital age, ZEN’s developments have solidified its position as a top choice for investors seeking innovative, secure, and scalable blockchain solutions. This upward trajectory could continue if bulls manage to break past immediate resistance at $19.30, with potential targets reaching $23.10 before correcting.
However, if the rally fails, the token may be forced to retest support levels near $15.5 and $12.8.
USUAL, the governance token of the Usual protocol, has witnessed a substantial surge following its listing on Binance earlier in the week, expanding its global accessibility and trading volume significantly. The project’s approach to stablecoins, backed by real-world assets like U.S. Treasury Bills, has reinforced its reputation for stability and innovation.
Moreover, its USD0++ product, offering staking rewards with liquidity, has strengthened its appeal within the decentralized finance (DeFi) space. Today’s rally underscores investor confidence in USUAL coin’s growing adoption.
Should the token continue to rise, it may face resistance at $1.82 and $2.24, potentially marking a new all-time high. However, given the thin daily candle that the token formed on this day, traders might be booking profits, and the overbought RSI level could add bearish pressure against the token.
As such, USUAL coin price may risk dropping to support levels near $1.22 and $0.86.
Source: coinchapter.com
