Bulls Need to Prove It Again
$ZEC is cooling after its explosive run toward the $1,300 area. On the 1H chart, price is around $1,143, sitting just below the MA(7) at $1,143.5 and MA(25) at $1,153.5, while MA(99) near $1,135.5 is acting as nearby support. RSI at 41.6 shows momentum has weakened, but it is not yet oversold.
The key battle is $1,155–$1,200. A strong reclaim could bring $1,225 and potentially a retest of $1,300 into focus. On the downside, losing $1,135 could expose $1,115, while a deeper breakdown would weaken the short-term structure.
$ZEC remains volatile after its huge rally, so confirmation matters more than chasing candles. My bias: cautiously bullish above $1,135, but bulls need volume to regain control.
#ZEC #Zcash #Crypto
$ZEC is cooling after its explosive run toward the $1,300 area. On the 1H chart, price is around $1,143, sitting just below the MA(7) at $1,143.5 and MA(25) at $1,153.5, while MA(99) near $1,135.5 is acting as nearby support. RSI at 41.6 shows momentum has weakened, but it is not yet oversold.
The key battle is $1,155–$1,200. A strong reclaim could bring $1,225 and potentially a retest of $1,300 into focus. On the downside, losing $1,135 could expose $1,115, while a deeper breakdown would weaken the short-term structure.
$ZEC remains volatile after its huge rally, so confirmation matters more than chasing candles. My bias: cautiously bullish above $1,135, but bulls need volume to regain control.
#ZEC #Zcash #Crypto
