$ZEC
Daily Update — Coiling Under Resistance
Price: $1,234 (+8.7% 24h)
24h Range: $1,120 → $1,245
Structure
After topping at $1,698, ZEC has spent ~6 weeks ranging between ~$1,050 and ~$1,400. Today's bounce reclaimed MA25 ($1,216) and price is now testing MA7 ($1,237). The short MAs are flat and converging, which looks like compression before expansion.
Volume is drying up (MA5 < MA10). Low-volume coils tend to resolve sharply.
Bull case
• Daily close above $1,255 flips MA7 to support
• Range top $1,350–$1,400 is next
• Clean break of $1,400 opens a path back toward $1,500+
• Order book currently leans bids (~59/41)
Bear case
• Rejection at $1,250 keeps it range-bound
• Lose $1,215 (MA25) → retest $1,120
• Below $1,120, range low $1,050 and MA99 (~$1,028) come into play
Levels I'm watching
Resistance: $1,255 | $1,350 | $1,400
Support: $1,215 | $1,120 | $1,030
Bigger picture: +139% over 90 days with a rising MA99. The trend is still up; this is a consolidation, not a breakdown yet.
Breakout above $1,400 or breakdown below $1,100. Which comes first?
#ZEC #Zcash
NFA · DYOR
Daily Update — Coiling Under Resistance
Price: $1,234 (+8.7% 24h)
24h Range: $1,120 → $1,245
Structure
After topping at $1,698, ZEC has spent ~6 weeks ranging between ~$1,050 and ~$1,400. Today's bounce reclaimed MA25 ($1,216) and price is now testing MA7 ($1,237). The short MAs are flat and converging, which looks like compression before expansion.
Volume is drying up (MA5 < MA10). Low-volume coils tend to resolve sharply.
Bull case
• Daily close above $1,255 flips MA7 to support
• Range top $1,350–$1,400 is next
• Clean break of $1,400 opens a path back toward $1,500+
• Order book currently leans bids (~59/41)
Bear case
• Rejection at $1,250 keeps it range-bound
• Lose $1,215 (MA25) → retest $1,120
• Below $1,120, range low $1,050 and MA99 (~$1,028) come into play
Levels I'm watching
Resistance: $1,255 | $1,350 | $1,400
Support: $1,215 | $1,120 | $1,030
Bigger picture: +139% over 90 days with a rising MA99. The trend is still up; this is a consolidation, not a breakdown yet.
Breakout above $1,400 or breakdown below $1,100. Which comes first?
#ZEC #Zcash
NFA · DYOR
