$ZEC IS going up ???
#USMidtermElections #BinanceRestores28FiatWithdrawals
$1,157
$ZEC has been showing strong volatility after a major rally. Recent technical data suggests that bullish momentum is still possible, but the price is approaching important resistance.
🟢 Bullish scenario
Price holds above $1,116.
A 4H candle closes above $1,256.
Next resistance: $1,301–$1,316.
A strong breakout could open the way toward $1,370.
🔴 Bearish scenario
Price fails to reclaim $1,256.
A daily candle closes below $1,116.
Next support: $1,047.
Further weakness could expose $905.
The $1,256 resistance and $1,116 support
Short-term outlook: Neutral to cautiously bullish
ZEC could recover if buyers defend support and confirm a breakout with strong volume. However, entering before confirmation carries significant risk because of the coin's extreme volatility.
Level Price Significance
Resistance 3 $1,316 Major breakout zone
Resistance 2 $1,301 Strong resistance
Resistance 1 $1,256 Immediate resistance
Current reference $1,157 Price reference
Support 1 $1,116 Immediate support
Support 2 $1,047 Strong support
Support 3 $905 Deeper correction zone
Source:
Pattern / indicator Signal
Hammer Potential bullish reversal
Spinning top Market indecision
Doji Buyers and sellers balanced
RSI (daily) 43.9 — neutral
Moving averages Mixed to bullish
Overall momentum Choppy, volatile
#USMidtermElections #BinanceRestores28FiatWithdrawals
$1,157
$ZEC has been showing strong volatility after a major rally. Recent technical data suggests that bullish momentum is still possible, but the price is approaching important resistance.
🟢 Bullish scenario
Price holds above $1,116.
A 4H candle closes above $1,256.
Next resistance: $1,301–$1,316.
A strong breakout could open the way toward $1,370.
🔴 Bearish scenario
Price fails to reclaim $1,256.
A daily candle closes below $1,116.
Next support: $1,047.
Further weakness could expose $905.
The $1,256 resistance and $1,116 support
Short-term outlook: Neutral to cautiously bullish
ZEC could recover if buyers defend support and confirm a breakout with strong volume. However, entering before confirmation carries significant risk because of the coin's extreme volatility.
Level Price Significance
Resistance 3 $1,316 Major breakout zone
Resistance 2 $1,301 Strong resistance
Resistance 1 $1,256 Immediate resistance
Current reference $1,157 Price reference
Support 1 $1,116 Immediate support
Support 2 $1,047 Strong support
Support 3 $905 Deeper correction zone
Source:
Pattern / indicator Signal
Hammer Potential bullish reversal
Spinning top Market indecision
Doji Buyers and sellers balanced
RSI (daily) 43.9 — neutral
Moving averages Mixed to bullish
Overall momentum Choppy, volatile
