#zcash
🚀 Zcash ($ZEC ): Unexpected Breakout and EMA Golden Cross
After several weeks of consolidation, Zcash is regaining traders’ attention. An important technical signal has formed on the $ZEC /USDT chart — the short-term moving averages (EMAs) are crossing in the $495 zone, forming a potential golden cross. The coin price has already tested the $509 level.
📊 Key levels and indicators:
Major support: Cluster $494–$496 and long-term level $470–$475.
Resistance level: Zone $520–$525. A consolidation (daily candle) above $525 will open the way to $550–$575.
RSI: Located at 54.5, which leaves significant room for growth into the overbought zone.
Global trend: EMAs are significantly above the 200-day moving average ($426.49), confirming a healthy market structure.
⚠️ Things to watch out for:
The only weak point of the current breakout remains the low trading volumes compared to the impulsive rally of May-June. To fully confirm the bullish trend of the market, it is necessary to attract large capital.
🚀 Zcash ($ZEC ): Unexpected Breakout and EMA Golden Cross
After several weeks of consolidation, Zcash is regaining traders’ attention. An important technical signal has formed on the $ZEC /USDT chart — the short-term moving averages (EMAs) are crossing in the $495 zone, forming a potential golden cross. The coin price has already tested the $509 level.
📊 Key levels and indicators:
Major support: Cluster $494–$496 and long-term level $470–$475.
Resistance level: Zone $520–$525. A consolidation (daily candle) above $525 will open the way to $550–$575.
RSI: Located at 54.5, which leaves significant room for growth into the overbought zone.
Global trend: EMAs are significantly above the 200-day moving average ($426.49), confirming a healthy market structure.
⚠️ Things to watch out for:
The only weak point of the current breakout remains the low trading volumes compared to the impulsive rally of May-June. To fully confirm the bullish trend of the market, it is necessary to attract large capital.