#zec After the rapid rise a few days ago, things have started to cool off. Current price has pulled back to around $1,443, retreating from the $1,600 peak. Although short-term momentum has weakened, the overall trend is still on the stronger side; price remains above the key moving averages.
The $1,400–$1,450 range is a critical support zone. If it holds, there may still be an opportunity to test $1,500 again, and even $1,580–$1,600. If price breaks below it, watch the $1,300–$1,350 area. The RSI has fallen to around 60 as well, indicating the market is gradually cooling down from an overheated state.
The $1,400–$1,450 range is a critical support zone. If it holds, there may still be an opportunity to test $1,500 again, and even $1,580–$1,600. If price breaks below it, watch the $1,300–$1,350 area. The RSI has fallen to around 60 as well, indicating the market is gradually cooling down from an overheated state.