The whole ZEC move is a test of 1,200. Price is 1,206, sitting just over the hourly EMA50. RSI is neutral 54. Volume is $136M. A break back below 1,200 and the 4% pop was just noise. 1,226 is the only meaningful resistance.
$ZEC
Continuation or reversal — where are you leaning? 👇
$T ran 42.5% to a 0.00791 high and got sent back. Volume's real at $13M. Hourly RSI is 61, so it’s not completely blown out, but price is well off the highs. The entire story is that 24h peak. A failure to reclaim 0.00791 makes this whole run look like a liquidity grab.