CRO, ZEC, FLOKI struggle to extend gains after double-digit rise
- Cronos ticks lower after a sudden 20% surge on Tuesday, eyes 200-day EMA breakout.
- Zcash edges lower from a crucial resistance as it loses steam after a 12% surge the previous day.
- Floki’s falling channel breakout rally eyes further gains to reclaim a psychological level.
Layer-1 cryptocurrencies Cronos (CRO) and Zcash (ZEC), alongside the meme coin Floki (FLOKI), recorded a double-digit rise on Tuesday, outpacing the market in 24-hour gains at press time on Wednesday. However, as the crypto gainers reach crucial resistances, momentum wanes, and the struggle to extend gains begins. The technical outlook shares a mixed signal as the cryptocurrencies reach a crossroads.
Cronos takes a breather after the 20% surge
Cronos ticks lower by…
