Why is $ZEC seeing heavy volume despite a 5.20% daily drop? 📉
At $1238.25, trading turnover reached $173.45M while hourly volume dipped to 0.65x of the 23-hour average.
This mix suggests cooling activity after testing the $1327.04 high.
If price reclaims the $1244.96 hourly close level, bullish momentum could target the upper range. Conversely, failing to hold the $1230.49 session low invalidates this setup.
Will buyers defend the low or will the previous resistance at $1327.04 hold firm?
Tap $ZEC for the live chart. #ZEC #BinanceSquare
At $1238.25, trading turnover reached $173.45M while hourly volume dipped to 0.65x of the 23-hour average.
This mix suggests cooling activity after testing the $1327.04 high.
If price reclaims the $1244.96 hourly close level, bullish momentum could target the upper range. Conversely, failing to hold the $1230.49 session low invalidates this setup.
Will buyers defend the low or will the previous resistance at $1327.04 hold firm?
Tap $ZEC for the live chart. #ZEC #BinanceSquare