$ZEC 👀 Are we seeing a move back toward $1,300?
After a sharp correction from above $1,600, Zcash has returned to trading near $1,213, and selling pressure has started to ease. In my view, the current zone is worth watching, but I don't consider the rebound confirmation that the correction is over.
The price is still above the 50-day average at $1,185, while the 20-day average at $1,337 represents resistance it has yet to reclaim.
On the 4-hour chart, the MACD is still negative, but the shrinking negative bars and an improvement in CMF to -0.03 point to easing selling pressure—not buyer control just yet.
📍 Key levels:
• A breakout above $1,250 and holding there could open the way toward $1,300.
• Reclaiming $1,300 could put $1,337 and then $1,400 in view as the next levels.
• A daily close below $1,185 would put $1,100 at risk.
There's also interest in developing quantum-resistant payments, targeting January, alongside developments in ZEC investment funds.
$ZEC 👀 👇
After a sharp correction from above $1,600, Zcash has returned to trading near $1,213, and selling pressure has started to ease. In my view, the current zone is worth watching, but I don't consider the rebound confirmation that the correction is over.
The price is still above the 50-day average at $1,185, while the 20-day average at $1,337 represents resistance it has yet to reclaim.
On the 4-hour chart, the MACD is still negative, but the shrinking negative bars and an improvement in CMF to -0.03 point to easing selling pressure—not buyer control just yet.
📍 Key levels:
• A breakout above $1,250 and holding there could open the way toward $1,300.
• Reclaiming $1,300 could put $1,337 and then $1,400 in view as the next levels.
• A daily close below $1,185 would put $1,100 at risk.
There's also interest in developing quantum-resistant payments, targeting January, alongside developments in ZEC investment funds.
$ZEC 👀 👇