$ZEC $ZEC Short-Term Market Update: Parabolic Rally Tests $850-$880 đĄïžđ
âZcash ($ZEC ) has surged toward $815 â $850, recording new local highs near $888 on expanding daily volume. Upward momentum is driven by renewed interest in privacy tokens and network upgrades. However, the 14-day RSI sitting deep in overbought territory (>80) indicates potential short-term consolidation.
âResistance Level: $880 â $900 (A daily close above $880 targets $950+).
âSupport Floor: $760 â $765 (Key local swing low and immediate buyer defense level).
âMarket Outlook: While the macro trend remains strongly bullish above its moving averages, vertical price action increases the risk of a mean-reversion retest toward $700â$760 before the next leg higher.
#ZECBreaksKeyResistanceUp75.5%
#SKHynixFalls5.63%AfterUnionRejectsWageDeal
#JapanNoAdditionalOilReserveReleaseInSepOct
âZcash ($ZEC ) has surged toward $815 â $850, recording new local highs near $888 on expanding daily volume. Upward momentum is driven by renewed interest in privacy tokens and network upgrades. However, the 14-day RSI sitting deep in overbought territory (>80) indicates potential short-term consolidation.
âResistance Level: $880 â $900 (A daily close above $880 targets $950+).
âSupport Floor: $760 â $765 (Key local swing low and immediate buyer defense level).
âMarket Outlook: While the macro trend remains strongly bullish above its moving averages, vertical price action increases the risk of a mean-reversion retest toward $700â$760 before the next leg higher.
#ZECBreaksKeyResistanceUp75.5%
#SKHynixFalls5.63%AfterUnionRejectsWageDeal
#JapanNoAdditionalOilReserveReleaseInSepOct
