$ZEC still looks heavy to me here. At $481.53, it’s down 2.36% on the day and slipping another 1.3% in the 4h, while RSI sits at 38 and volume is barely 0.1x its 20d average. That’s not the kind of tape that usually launches straight up 🚨
The bigger tell? Futures funding is still positive, so longs are paying even as ZEC chops with mixed MAs. I still think a flush toward the lower zone is more likely before any real expansion higher. If ZEC loses this mid-range support, $400 starts looking a lot more interesting. $ZEC #ZEC #Crypto #Binance
Inspired by CryptoSpotter Official on Binance Square.
The bigger tell? Futures funding is still positive, so longs are paying even as ZEC chops with mixed MAs. I still think a flush toward the lower zone is more likely before any real expansion higher. If ZEC loses this mid-range support, $400 starts looking a lot more interesting. $ZEC #ZEC #Crypto #Binance
Inspired by CryptoSpotter Official on Binance Square.