ZEC Holds Above $1,260: Range-Bound Action With a Constructive Tilt
Zcash is trading at $1,264.47 on the 4H chart, up 1.14% on the day. After the spike to $1,398 and the sharp pullback that followed, ZEC has spent the past several sessions chopping sideways, and buyers are now defending the area above $1,210.
Price structure: The 24h range sits between $1,210.62 and $1,284.96. The $1,180 wick marks the major swing low, and price has been building a base above it. The latest green candle pushed back from the lows, but the market is still moving inside a broad range rather than trending.
Moving averages: Price is sitting right on the MA(25) at 1,261, with the MA(7) at 1,248 curling up beneath it. The MA(99) at 1,225 is flat and acting as a floor, which is a healthy sign compared to BTC and ETH, where the MA(99) is still sloping down overhead. Holding above this cluster keeps the short-term structure intact.
Volume: 24h volume is about 88,175 ZEC (roughly $110M). Volume has faded considerably since the heavy candles during the drop, which tells me the market is in wait-and-see mode. A breakout from this range will need stronger participation to be trusted.
What I’m watching:
Support: $1,248 to $1,225, where the MA(7) and MA(99) sit, followed by the $1,180 swing low
Resistance: $1,285, then the $1,360 to $1,398 zone near the previous high
A clean 4H close above $1,285 with rising volume would be the first real sign that buyers are taking control. A break below $1,225 would put the recovery on hold and expose the lows again.
#Zcash #ZEC #CryptoTrading #TechnicalAnalysis #ZECUSDT
$ZEC
Zcash is trading at $1,264.47 on the 4H chart, up 1.14% on the day. After the spike to $1,398 and the sharp pullback that followed, ZEC has spent the past several sessions chopping sideways, and buyers are now defending the area above $1,210.
Price structure: The 24h range sits between $1,210.62 and $1,284.96. The $1,180 wick marks the major swing low, and price has been building a base above it. The latest green candle pushed back from the lows, but the market is still moving inside a broad range rather than trending.
Moving averages: Price is sitting right on the MA(25) at 1,261, with the MA(7) at 1,248 curling up beneath it. The MA(99) at 1,225 is flat and acting as a floor, which is a healthy sign compared to BTC and ETH, where the MA(99) is still sloping down overhead. Holding above this cluster keeps the short-term structure intact.
Volume: 24h volume is about 88,175 ZEC (roughly $110M). Volume has faded considerably since the heavy candles during the drop, which tells me the market is in wait-and-see mode. A breakout from this range will need stronger participation to be trusted.
What I’m watching:
Support: $1,248 to $1,225, where the MA(7) and MA(99) sit, followed by the $1,180 swing low
Resistance: $1,285, then the $1,360 to $1,398 zone near the previous high
A clean 4H close above $1,285 with rising volume would be the first real sign that buyers are taking control. A break below $1,225 would put the recovery on hold and expose the lows again.
#Zcash #ZEC #CryptoTrading #TechnicalAnalysis #ZECUSDT
$ZEC
