Zcash loses $1,000: $ZEC now tests its key Fib support
$ZEC trades near $990 (12:20 UTC), down ~14% in 24h and ~25% on the week after losing its $1,050–1,120 range floor.
Daily | RSI (14): 35
Support: $930–960 (0.618 Fib + Sep 4 low), then $870–895 (EMA 200)
Resistance: $1,045–1,085 (old floor + 0.5 Fib), then ~$1,200 (EMA 20/50)
Bull: a daily close back above $1,085 reopens $1,200.
Bear: a daily close below $930 exposes $872, then $730.
No major US data today (bond market shut for Veterans Day). Jobless claims and Fed speakers land Thursday.
Our view: $930 is the line. Hold it and this reads as a shakeout; lose it and the post-CPI unwind likely deepens.
Which level are you watching: the $930 support or the $1,085 reclaim?
Not financial advice. DYOR.
$ZEC trades near $990 (12:20 UTC), down ~14% in 24h and ~25% on the week after losing its $1,050–1,120 range floor.
Daily | RSI (14): 35
Support: $930–960 (0.618 Fib + Sep 4 low), then $870–895 (EMA 200)
Resistance: $1,045–1,085 (old floor + 0.5 Fib), then ~$1,200 (EMA 20/50)
Bull: a daily close back above $1,085 reopens $1,200.
Bear: a daily close below $930 exposes $872, then $730.
No major US data today (bond market shut for Veterans Day). Jobless claims and Fed speakers land Thursday.
Our view: $930 is the line. Hold it and this reads as a shakeout; lose it and the post-CPI unwind likely deepens.
Which level are you watching: the $930 support or the $1,085 reclaim?
Not financial advice. DYOR.
