$ZEC
๐ Technical Update for the ZEC/USDT Pair
The ZEC/USDT pair has seen a notable change after the previous upward wave, recording a new high at 1,257.06 before entering a phase of volatility and price stabilization.
๐ข Resistance
- 1,257.06: Immediate resistance and the current high.
- 1,263.67: Next resistance, and a breakout above it could open the way to higher levels.
๐ด Support
- 1,205.56: Nearest support and the current consolidation area.
- 1,196.71: Critical support aligned with the SuperTrend indicator.
- 1,176.50: Previous breakout area.
๐ Indicators
- RSI(6): 56.12, in neutral territory and above the 50 level.
- MACD: DIF at 9.22 and DEA at 10.83, with short-term negative momentum appearing.
- Price: Currently moving in an approximate range between 1,205 and 1,257.
๐ฏ Expected Scenario
๐ข Staying above 1,196.71 could support a retest of 1,257.06, and a breakout above it may target 1,263.67.
๐ด A break below 1,205.56 could push the price toward 1,196.71, and breaking the latter could open the way to 1,176.50.
โ๏ธ Conclusion
The overall trend remains bullish, but the price is currently going through a phase of volatility after the strong rise. The 1,196.71 level is considered the most important technical support to watch.
#ZECHitsANewAllTimeHigh
#ZEC'sMarketCapSurpassedDOGE
๐ Technical Update for the ZEC/USDT Pair
The ZEC/USDT pair has seen a notable change after the previous upward wave, recording a new high at 1,257.06 before entering a phase of volatility and price stabilization.
๐ข Resistance
- 1,257.06: Immediate resistance and the current high.
- 1,263.67: Next resistance, and a breakout above it could open the way to higher levels.
๐ด Support
- 1,205.56: Nearest support and the current consolidation area.
- 1,196.71: Critical support aligned with the SuperTrend indicator.
- 1,176.50: Previous breakout area.
๐ Indicators
- RSI(6): 56.12, in neutral territory and above the 50 level.
- MACD: DIF at 9.22 and DEA at 10.83, with short-term negative momentum appearing.
- Price: Currently moving in an approximate range between 1,205 and 1,257.
๐ฏ Expected Scenario
๐ข Staying above 1,196.71 could support a retest of 1,257.06, and a breakout above it may target 1,263.67.
๐ด A break below 1,205.56 could push the price toward 1,196.71, and breaking the latter could open the way to 1,176.50.
โ๏ธ Conclusion
The overall trend remains bullish, but the price is currently going through a phase of volatility after the strong rise. The 1,196.71 level is considered the most important technical support to watch.
#ZECHitsANewAllTimeHigh
#ZEC'sMarketCapSurpassedDOGE