$ZEC
In the previous period, ZEC surged strongly out of a major move. This is a speculation driven by a privacy coin theme, with a huge short-term rise. In the past two days, it has entered a high-level pullback and consolidation phase, with long-side profit-taking and liquidation of positions.
1. The rally met resistance. From the high around 1674, it started to fall under pressure. It closed down for the day; the highest was 1674 and the lowest was 1576. Trading volume stayed high. During the day, many long positions took profit and exited the market. The RSI was previously overbought and showed pullback signals.
2. Weak consolidation continued. It kept probing lower, and the current price is around 1520, with a 24-hour decline of about -4%. The trading range is 1510–1612. During the decline, leveraged funds were liquidated, and the price is prone to sudden sharp spikes and abrupt dumps, with extremely intense volatility.
In the previous period, ZEC surged strongly out of a major move. This is a speculation driven by a privacy coin theme, with a huge short-term rise. In the past two days, it has entered a high-level pullback and consolidation phase, with long-side profit-taking and liquidation of positions.
1. The rally met resistance. From the high around 1674, it started to fall under pressure. It closed down for the day; the highest was 1674 and the lowest was 1576. Trading volume stayed high. During the day, many long positions took profit and exited the market. The RSI was previously overbought and showed pullback signals.
2. Weak consolidation continued. It kept probing lower, and the current price is around 1520, with a 24-hour decline of about -4%. The trading range is 1510–1612. During the decline, leveraged funds were liquidated, and the price is prone to sudden sharp spikes and abrupt dumps, with extremely intense volatility.
