$ZEC is cooling off after an explosive rally, and this is where things get interesting. 👀
On the 4H chart, $ZEC is around $1,444, sitting slightly below the MA(7) at $1,454.9 and MA(25) at $1,460.4, showing short-term momentum has weakened. RSI(6) is near 36.6, so selling pressure is noticeable but the market is approaching a softer momentum zone.
The key area to watch is $1,400–$1,430. Holding it could give bulls room to challenge $1,500, then the recent $1,595 high. A clean break below support could bring deeper profit-taking.
Fundamentally, Zcash still has catalysts: Grayscale’s ZCSH ETF has increased access, while the upcoming NU7 upgrade targets faster 25-second blocks.
#zec #zcash #SaylorHintsStrategyBitcoinBuy
On the 4H chart, $ZEC is around $1,444, sitting slightly below the MA(7) at $1,454.9 and MA(25) at $1,460.4, showing short-term momentum has weakened. RSI(6) is near 36.6, so selling pressure is noticeable but the market is approaching a softer momentum zone.
The key area to watch is $1,400–$1,430. Holding it could give bulls room to challenge $1,500, then the recent $1,595 high. A clean break below support could bring deeper profit-taking.
Fundamentally, Zcash still has catalysts: Grayscale’s ZCSH ETF has increased access, while the upcoming NU7 upgrade targets faster 25-second blocks.
#zec #zcash #SaylorHintsStrategyBitcoinBuy
