$ZEC Update | Structure Check
Current price: ~$1,220 – $1,225
The idea of a long from the $1,200–1,210 zone with TP near $1,340 and SL under $1,201 still makes sense on the chart.
Technical factors :
• RSI (14) sitting near 48–50 → neutral, room to move either way
• Price holding above key short-term support (~$1,187–$1,200)
• Immediate resistance: $1,227 – $1,240
• Higher targets remain valid if buyers defend this base On-chain notes
• Shielded supply still ~29%
• Recent positive ETF inflows
• Network activity stable with Ironwood migration ongoing.
Many shorts are still positioned lower.
If this zone continues to hold, a squeeze higher is possible.
Watch volume + daily close above $1,230 for confirmation.
Risk first.
#zec #zcash #TechnicalAnalysis
Current price: ~$1,220 – $1,225
The idea of a long from the $1,200–1,210 zone with TP near $1,340 and SL under $1,201 still makes sense on the chart.
Technical factors :
• RSI (14) sitting near 48–50 → neutral, room to move either way
• Price holding above key short-term support (~$1,187–$1,200)
• Immediate resistance: $1,227 – $1,240
• Higher targets remain valid if buyers defend this base On-chain notes
• Shielded supply still ~29%
• Recent positive ETF inflows
• Network activity stable with Ironwood migration ongoing.
Many shorts are still positioned lower.
If this zone continues to hold, a squeeze higher is possible.
Watch volume + daily close above $1,230 for confirmation.
Risk first.
#zec #zcash #TechnicalAnalysis
