$ZEC a $1,227: momentum or pullback?
On the 24h radar, $NEAR liderar with +2.3% and $XRP bajando -0.5%. $ZEC is up modestly by +0.68%, with a volume of US$153 M, making it today's key player.
The current price is around US$1,227. Its EMAs are nearly aligned (EMA20 1,209 / EMA50 1,208), and the 4h trend remains bullish. The RSI is at 54.2, neither overbought nor oversold, so there's no sign of overheating.
The critical support levels are 1,183 and 1,117. If the price breaks below 1,183, the bearish scenario is triggered. On the other hand, the first resistance is at 1,248; breaking above it would confirm bullish momentum toward 1,287.
Meanwhile, futures funding is positive (+0.0056% every 8h) and 48 % of accounts are long, but open interest rose just 5.8% in 24h, suggesting caution. If the 4h candle closes below 1,183, the pullback could accelerate.
Will it break 1,248 or retest 1,183? 🟢/🔴
#Zcash #PrivacyCoin
This is not financial advice. Do your research before investing.
On the 24h radar, $NEAR liderar with +2.3% and $XRP bajando -0.5%. $ZEC is up modestly by +0.68%, with a volume of US$153 M, making it today's key player.
The current price is around US$1,227. Its EMAs are nearly aligned (EMA20 1,209 / EMA50 1,208), and the 4h trend remains bullish. The RSI is at 54.2, neither overbought nor oversold, so there's no sign of overheating.
The critical support levels are 1,183 and 1,117. If the price breaks below 1,183, the bearish scenario is triggered. On the other hand, the first resistance is at 1,248; breaking above it would confirm bullish momentum toward 1,287.
Meanwhile, futures funding is positive (+0.0056% every 8h) and 48 % of accounts are long, but open interest rose just 5.8% in 24h, suggesting caution. If the 4h candle closes below 1,183, the pullback could accelerate.
Will it break 1,248 or retest 1,183? 🟢/🔴
#Zcash #PrivacyCoin
This is not financial advice. Do your research before investing.
