$ZEC has dropped significantly, down 14.238% in the past 24 hours to $989.68. The coin is now 28.697% below its 7-day high. This decline comes with heavy volume, 1.433 times its 7-day average, confirming the selling pressure.
The 14-hour RSI is at 29.0, which shows oversold conditions. However, oversold assets can stay oversold. I am waiting for a clear bullish reversal before considering a trade here. My view would change to neutral if $ZEC closes above its 7-day low of $966.06 on strong volume, indicating potential demand.
#Zcash #MarketUpdate
The 14-hour RSI is at 29.0, which shows oversold conditions. However, oversold assets can stay oversold. I am waiting for a clear bullish reversal before considering a trade here. My view would change to neutral if $ZEC closes above its 7-day low of $966.06 on strong volume, indicating potential demand.
#Zcash #MarketUpdate
