Altcoin Alert: Zcash, Monero, Uniswap Set for September Breakouts

Zcash (ZEC) is one of three altcoins to watch in September. The token broke above the $750 cycle high on August 22 and is now targeting $903, with a possible next extension near $1,099. Grayscale listed the first US spot Zcash product on NYSE Arca, which traded under the ZCSH ticker with initial volume of roughly $14.8 million. A break above $903 could expose the token to further gains.

Monero (XMR) is another altcoin to watch in September. The token gained 26.5% within seven days after THORChain enabled native Monero swaps on August 25. XMR now faces resistance near the $538 Fibonacci retracement level, with a next major target at $600. However, rising derivatives activity increases correction risks.

Uniswap (UNI) is also worth monitoring in September. The protocol activated v4 fees and Robinhood Chain fees during late July, resulting in record burn funding of $8.9 million in August. UNI now tests the $4.94 Fibonacci retracement level after breaking above resistance at $3.99 and $4.43.