$ZEC 's Momentum Just Flipped. Here's How I'm Reading It 🔍
The uptrend is intact, but short-term momentum has clearly cooled. I'm watching, not chasing.
🔹 Price: ~$1,325, about 22% below the recent $1,700 peak
🔹 Structure: lower highs and lower lows since the top
🔹 RSI: slipped below 50, so bullish momentum has faded
🔹 ETF: first week of net outflows since launch (~$93M)
🔹 Big picture: still far above its key moving averages after rising from ~$500 in August
My levels:
✅ Support: $1,280-$1,300. This is the line I care about.
⚠️ Lose it, and a drop toward $1,000 becomes the realistic scenario.
✅ Reclaim ~$1,450 with volume, and I'd call the correction over.
Strong rallies need resets. The question is whether this is one.
💬 A healthy correction, or the start of something deeper? Where are you buying? 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #PrivacyCoins #BinanceSquare
The uptrend is intact, but short-term momentum has clearly cooled. I'm watching, not chasing.
🔹 Price: ~$1,325, about 22% below the recent $1,700 peak
🔹 Structure: lower highs and lower lows since the top
🔹 RSI: slipped below 50, so bullish momentum has faded
🔹 ETF: first week of net outflows since launch (~$93M)
🔹 Big picture: still far above its key moving averages after rising from ~$500 in August
My levels:
✅ Support: $1,280-$1,300. This is the line I care about.
⚠️ Lose it, and a drop toward $1,000 becomes the realistic scenario.
✅ Reclaim ~$1,450 with volume, and I'd call the correction over.
Strong rallies need resets. The question is whether this is one.
💬 A healthy correction, or the start of something deeper? Where are you buying? 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #PrivacyCoins #BinanceSquare