ZEC is showing a strong breakout on the daily chart, rising 14.55% to around $950.95. Price has moved well above the 7, 30, and 200-day moving averages, confirming strong bullish momentum. RSI is around 76.6, showing heavy buying pressure but also warning that the move is becoming overbought.
MACD remains positive, while the increase in volume supports the breakout.
The next major level to watch is around $976.92, the recent local high. A clean break above it could open the way toward $990 and higher.
On the downside, $867 is an important support zone. If $ZEC holds above it, the current rally could have more room to run.
MACD remains positive, while the increase in volume supports the breakout.
The next major level to watch is around $976.92, the recent local high. A clean break above it could open the way toward $990 and higher.
On the downside, $867 is an important support zone. If $ZEC holds above it, the current rally could have more room to run.
