BTC slipped under the 76,000 dollar mark as Jerome Powell’s latest interest rate decision draws near, with less than 24 hours remaining. There has been no breakthrough on the Iran front, and conflicting statements are clouding the outlook. Donald Trump suggested today that he could lift the blockade, but what will ultimately happen should become clear within hours. So, what is the current outlook for ZEC and TAO Coin?
ZEC Coin shows uncertain momentum
While ZEC Coin harnessed the privacy-oriented altcoin wave last year, it has faced significant losses in recent months. Despite these setbacks, ZEC has proven resilient. Its price swings have sparked speculation that it could surpass its previous high during BTC’s rally, but this expectation has yet to materialize. The pseudonymous analyst Altcoin Sherpa commented that the current retracement is reasonable and forecasts a movement toward the 300 dollar level.
“Honestly, I’m not very sure about ZEC right now. There was quite a strong pullback today. I think it will drop to the 300 dollar level and probably oscillate around there for some time.
It recovered well at the 0.50 Fibonacci level, but personally I prefer to watch from the sidelines.”
With the 300 dollar support level still intact, Sherpa points to this area as a key price zone. However, if ZEC fails to reclaim the 325 dollar threshold, this support might not hold against further selling pressure, especially given today’s unsettled crypto environment. The situation with Iran remains unresolved, AI-related rallies are not benefitting cryptocurrencies, and Warsh has referenced an increased likelihood of interest rate cuts.
If selling intensifies, ZEC could seek a deeper bottom between 276 and 255 dollars.
TAO Coin outlook amid market uncertainty
While the artificial intelligence hype has given equities a lift, TAO Coin has struggled to recover this month due to lingering FUD. Nonetheless, Sherpa sees the outlook as positive for now. Following a spell of market turmoil, TAO Coin may not post dramatic upward moves in the near term. However, for long-term positioning, the analyst considers current prices to offer solid entry levels.
“TAO looks good for the time being; all 1-day EMAs are moving sideways. This isn’t a very active trade—I think we may need to wait a little longer for it to move. If you’re going to buy, it’s probably best to take a spot position and be patient. It’s uncertain whether a move is imminent, but I still consider it a strong AI altcoin. Entering around these levels seems reasonable.”
