Key TakeawaysInternet Computer (ICP) jumps 27% amid DFINITY's AI bet Zcash (ZEC) surges 17% as privacy coins continue to rallyAlchemix (ALCX) gains 46% with bullish momentum provided by a DeFi narrative Altcoin Market OverviewThe altcoin market saw notable strength today, with several tokens far outpacing the broader crypto market’s modest +1.59% gain. Leaders include Internet Computer (ICP), Zcash (ZEC), and Alchemix (ALCX) — each driven by a mix of technical breakouts, fundamental catalysts, and institutional accumulation. Internet Computer (ICP): AI Adoption Sparks 27% SurgeInternet Computer (ICP) rose +27.08% in 24 hours, now trading at $6.325.The move follows a technical breakout above multi-month resistance at $5.20–$5.40, coupled with the launch of DFINITY’s Caffeine AI platform, a no-code tool enabling users to build AI dApps through natural language input.RSI (7-day): 85.2 (overbought), confirming strong bullish momentumMACD Histogram: +0.33, signaling continued upward pressureOn-chain data shows exchange reserves down 31.4%, while top 100 wallets increased holdings by ~30%, a clear accumulation signalAnalysts note the next resistance target near $7.80, with $6.10 acting as key support amid potential profit-taking volatility. Zcash (ZEC): Whale Activity Drives 17% Jump, Privacy Coin Sector Extends RallyZcash (ZEC) gained +17.02%, trading at $536.54, as derivatives leverage and whale inflows fuel bullish sentiment.Open interest surged 30% to $863.58M, while a large wallet added 32,000 ZEC ($16.3M) over three days, underscoring institutional interest.Funding rate: -0.0019989%, showing short-heavy positioning and potential for a short squeezeRSI: 81.78 (overbought), suggesting momentum riskNext resistance: $550 (Fibonacci 127.2% extension); support near $500ZEC is also part of a larger group of privacy sector coins enjoying an extended rally this week, with other privacy coins such as DASH (+13.9) and PIVX (+9.43%) continuing to see gains that outpace the broader crypto market. Alchemix (ALCX): Technical Breakout, 46% RallyAlchemix (ALCX) soared +46.15% to $13.65, partly driven by a DeFi narrative revival.Technical indicators:RSI (7-day): 81.68, signaling overheated conditionsPrice has crossed the 200-day EMA ($9.72), a key trend reversal levelFibonacci resistance near $14.90 could act as a short-term ceiling Market Context and OutlookWhile Bitcoin and Ethereum showed muted moves, today’s altcoin rotation underscores investors’ appetite for high-beta plays amid AI integration, DeFi innovation, and halving narratives.Key watch levels:ICP: Hold above $6.10 to sustain breakoutZEC: Maintain $500 support ahead of halvingALCX: Consolidate above 200-day EMA ($9.72) for continued trend strength
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