ZCASH $ZEC RECLAIMING MOVING AVERAGE SUPPORT FOR A BULLISH CONTINUATION REBOUND ARE BULLS TARGETING $1,292.06 NEXT?
Pair: $ZEC /USDT
Direction: LONG
Entry Price: 1,222.76
Target Levels (Take Profit)
TP 1: 1,248.75 +2.13%
TP 2: 1,266.07 +3.54%
TP 3: 1,292.06 +5.67%
Stop Loss
SL: 1,188.11
Technical Breakdown
ZEC ($1,222.71) executed a strong bottoming reversal following a capitulation sweep down to test the $1,100 demand zone. Steady green candle expansion back into the middle-to-upper portion of the Bollinger Bands confirms aggressive buyer absorption and structural momentum shift toward overhead target levels.
Price action has successfully crossed above short-term MA 7 (~1,215) and intermediate MA 25 (~1,210), while pressing up toward baseline MA 99 (~1,295). Sustaining above MA 25 clears the path toward baseline MA 99, which sits directly below the TP 3 target level.
RSI (14) has recovered steadily from oversold levels back toward 50.00–55.00, confirming solid upside expansion. The MACD indicator displays expanding cyan histogram bars with signal lines trending steadily upward following a bullish crossover, confirming active buyer control.
$ZEC
Pair: $ZEC /USDT
Direction: LONG
Entry Price: 1,222.76
Target Levels (Take Profit)
TP 1: 1,248.75 +2.13%
TP 2: 1,266.07 +3.54%
TP 3: 1,292.06 +5.67%
Stop Loss
SL: 1,188.11
Technical Breakdown
ZEC ($1,222.71) executed a strong bottoming reversal following a capitulation sweep down to test the $1,100 demand zone. Steady green candle expansion back into the middle-to-upper portion of the Bollinger Bands confirms aggressive buyer absorption and structural momentum shift toward overhead target levels.
Price action has successfully crossed above short-term MA 7 (~1,215) and intermediate MA 25 (~1,210), while pressing up toward baseline MA 99 (~1,295). Sustaining above MA 25 clears the path toward baseline MA 99, which sits directly below the TP 3 target level.
RSI (14) has recovered steadily from oversold levels back toward 50.00–55.00, confirming solid upside expansion. The MACD indicator displays expanding cyan histogram bars with signal lines trending steadily upward following a bullish crossover, confirming active buyer control.
$ZEC