$ZEC Technical Setup: Bulls Still in Control?
Zcash ($ZEC ) is showing strong momentum after a powerful breakout, with price currently around $1,643 on the 1H chart. ZEC recently pushed to $1,698, marking a fresh high before a healthy pullback.
The structure remains bullish: MA(7) at $1,653 is above MA(25) at $1,576 and MA(99) at $1,558, keeping the short-term trend positive. RSI(6) sits around 65.8, showing strong momentum but also warning that volatility can remain high.
đ„ Key resistance: $1,698â$1,710
đą Support: $1,600, then $1,575â$1,558
đ A clean breakout above $1,710 could open the door to further price discovery, while losing $1,575 could trigger a deeper pullback.
$ZEC is moving fastâmanage risk carefully.
#zec #zcash #altcoins
Zcash ($ZEC ) is showing strong momentum after a powerful breakout, with price currently around $1,643 on the 1H chart. ZEC recently pushed to $1,698, marking a fresh high before a healthy pullback.
The structure remains bullish: MA(7) at $1,653 is above MA(25) at $1,576 and MA(99) at $1,558, keeping the short-term trend positive. RSI(6) sits around 65.8, showing strong momentum but also warning that volatility can remain high.
đ„ Key resistance: $1,698â$1,710
đą Support: $1,600, then $1,575â$1,558
đ A clean breakout above $1,710 could open the door to further price discovery, while losing $1,575 could trigger a deeper pullback.
$ZEC is moving fastâmanage risk carefully.
#zec #zcash #altcoins
