In the past 24 hours, altcoins such as Zcash (ZEC), Telcoin (TEL), and Curve DAO (CRV) are leading the strong recovery of the cryptocurrency market. This upward momentum is driven by improved investor sentiment after Vanguard Group embraced cryptocurrency ETFs, along with Charles Schwab’s announcement of plans to offer Bitcoin (BTC) and Ethereum (ETH) trading services in 2026.
Zcash posted a modest 3% gain on Thursday, building on an impressive 8% surge from the previous day. This privacy coin remains firmly above the psychological $300 support level, aiming to reclaim the $350 mark.
If the sustainable recovery continues, ZEC could challenge the 50-day exponential moving average (EMA) at $421. If it successfully breaks through, the coin may extend its gains toward the supply zone at $527–$550.
ZEC/USDT daily chart | Source: TradingViewThe daily chart’s relative strength index (RSI) is at 38, signaling a sideways phase before entering oversold territory and indicating weakening selling pressure. Once RSI turns upwards and surpasses the neutral level, increased buying momentum will be confirmed.
However, the MACD indicator still suggests prevailing downward pressure, as the moving averages remain below the zero line.
On the downside, Zcash’s key support levels include the psychological $300 threshold and the 200-day EMA at $216, serving as crucial backstops for any corrections.
Telcoin extends uptrend amid golden cross pattern
Telcoin continues its impressive recovery, rising more than 7% since the start of the week, following a strong bounce from the 200-day EMA. As of writing, TEL is undergoing a slight 1% pullback on Thursday after surging 13% in the previous session.
Telcoin’s important resistance levels are at the August 14 and July 18 highs, at $0.006653 and $0.007500, respectively.
Notably, this recovery is on track to expand the breakout wave from the falling wedge pattern on the daily timeframe, which formed on November 12. Since then, TEL has rallied nearly 70%, pushing the 50-day EMA above the 200-day EMA, forming a golden cross—a strong signal of a potential long-term uptrend as bullish momentum is firmly reinforced.
TEL/USDT daily chart | Source: TradingViewTechnical indicators also support this outlook: a bullish MACD crossover signals increasing buying strength, while the RSI remains around 60, underscoring the ongoing uptrend.
On the flip side, the 50-day EMA at $0.004872 remains a key support, acting as a crucial barrier against corrections.
Curve DAO recovery targets 50-day EMA
Curve DAO token (CRV) is up 1% at the time of writing on Thursday, following an 8% breakout in the previous session. CRV’s current rebound is targeting the 50-day EMA at $0.4781, which is also near the resistance trendline connecting the October 15 and October 27 highs on the daily logarithmic chart.
CRV/USDT daily chart | Source: TradingViewMomentum indicators on the same chart are supporting the bullish trend: RSI is at 48 and showing signs of breaking above the midline, while both the MACD and signal line continue to trend upward.
Conversely, CRV’s key support remains the November 21 low at $0.3651, acting as a major anchor for any price corrections.
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TOP 3 altcoins with outstanding trends today - December 4
In the past 24 hours, altcoins such as Zcash (ZEC), Telcoin (TEL), and Curve DAO (CRV) are leading the strong recovery of the cryptocurrency market. This upward momentum is driven by improved investor sentiment after Vanguard Group embraced cryptocurrency ETFs, along with Charles Schwab’s announcement of plans to offer Bitcoin (BTC) and Ethereum (ETH) trading services in 2026.
Zcash holds above $300, signaling recovery potential
Zcash posted a modest 3% gain on Thursday, building on an impressive 8% surge from the previous day. This privacy coin remains firmly above the psychological $300 support level, aiming to reclaim the $350 mark.
If the sustainable recovery continues, ZEC could challenge the 50-day exponential moving average (EMA) at $421. If it successfully breaks through, the coin may extend its gains toward the supply zone at $527–$550.
However, the MACD indicator still suggests prevailing downward pressure, as the moving averages remain below the zero line.
On the downside, Zcash’s key support levels include the psychological $300 threshold and the 200-day EMA at $216, serving as crucial backstops for any corrections.
Telcoin extends uptrend amid golden cross pattern
Telcoin continues its impressive recovery, rising more than 7% since the start of the week, following a strong bounce from the 200-day EMA. As of writing, TEL is undergoing a slight 1% pullback on Thursday after surging 13% in the previous session.
Telcoin’s important resistance levels are at the August 14 and July 18 highs, at $0.006653 and $0.007500, respectively.
Notably, this recovery is on track to expand the breakout wave from the falling wedge pattern on the daily timeframe, which formed on November 12. Since then, TEL has rallied nearly 70%, pushing the 50-day EMA above the 200-day EMA, forming a golden cross—a strong signal of a potential long-term uptrend as bullish momentum is firmly reinforced.
On the flip side, the 50-day EMA at $0.004872 remains a key support, acting as a crucial barrier against corrections.
Curve DAO recovery targets 50-day EMA
Curve DAO token (CRV) is up 1% at the time of writing on Thursday, following an 8% breakout in the previous session. CRV’s current rebound is targeting the 50-day EMA at $0.4781, which is also near the resistance trendline connecting the October 15 and October 27 highs on the daily logarithmic chart.
Conversely, CRV’s key support remains the November 21 low at $0.3651, acting as a major anchor for any price corrections.
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