Crypto Market Stagnates Amid Weak Sentiment

The crypto market continues to be influenced by weak sentiment, leading to a lukewarm performance for most assets.

Bitcoin ($BTC) is trading above $76,000 at press time on Friday, maintaining its stability despite the overall bearish tone. The coin's near-term upside bias remains intact, with its 100-day Exponential Moving Average (EMA) serving as a key support level.

Terra Classic ($LUNC), however, is struggling to hold onto its gains from the previous day. Despite trading above $0.000070 at press time, the coin's momentum appears to be waning, with its Relative Strength Index (RSI) standing deep in overbought territory near 79.

On the other hand, Zcash ($ZEC) is maintaining a constructive bullish bias, holding well above its 50-, 100-, and 200-day EMAs. However, the coin's MACD line has descended below the signal line, hinting at waning upside momentum.