Zcash just lost its 200-day average — the line that held its whole rally. 📉
$ZEC ~$842, down ~10% today after tagging $802. RSI is near 30, its weakest in 7 months. Still +70% this year, but -32% in a week and 7 straight red days.
Support sits at $806, then $873 is the line to win back. Resistance $956.
BTC is at ~$62,500 too, so this is a market-wide washout, not just ZEC.
Spot buyers — do you grab ZEC here, or wait for $806?
Not financial advice. DYOR.
#Zcash #Crypto #Altcoins
$ZEC ~$842, down ~10% today after tagging $802. RSI is near 30, its weakest in 7 months. Still +70% this year, but -32% in a week and 7 straight red days.
Support sits at $806, then $873 is the line to win back. Resistance $956.
BTC is at ~$62,500 too, so this is a market-wide washout, not just ZEC.
Spot buyers — do you grab ZEC here, or wait for $806?
Not financial advice. DYOR.
#Zcash #Crypto #Altcoins