#zcash fell to an intraday low of $1,178 before rebounding to around $1,241. For now, $1,195 is a key support level, and whether it holds will influence the market’s next move.
Looking back at the previous price action, ZEC climbed from around $500 in August to nearly $1,700 in late September, then pulled back by about 30%. More recently, it has entered a consolidation phase.
Key levels:
Support: $1,195. If this level breaks, the price could fall further to $1,030; the longer-term moving average support is around $812.
Resistance: $1,300. A decisive breakout could put the next target near $1,370.
Trading activity has eased, and the RSI is nearing neutral territory, suggesting the market is currently consolidating, with no clear direction yet.
Looking back at the previous price action, ZEC climbed from around $500 in August to nearly $1,700 in late September, then pulled back by about 30%. More recently, it has entered a consolidation phase.
Key levels:
Support: $1,195. If this level breaks, the price could fall further to $1,030; the longer-term moving average support is around $812.
Resistance: $1,300. A decisive breakout could put the next target near $1,370.
Trading activity has eased, and the RSI is nearing neutral territory, suggesting the market is currently consolidating, with no clear direction yet.