Warning! ZEC has entered the 'Extreme Greed' zone. Is it still worth getting in now?
Both RSI indicators have exceeded 70, and on-chain data shows that early players may be distributing. ZEC hides crises amidst the festivities; is it an opportunity or a trap? We let the data do the talking.
· Bullish Signals: · Trend Dominance: EMA multi-period moving averages show a perfect bullish arrangement, and the MACD momentum bars continue to rise, indicating an extremely healthy upward trend. · Capital Inflow: Prices run closely along the upper Bollinger Band, accompanied by massive net inflows of capital, which is a typical feature of a strong market. · Danger Signals: · Overbought Warning: RSI6 has reached 80.54, and RSI12 has also reached 74.64. The market urgently needs a healthy correction to digest profit-taking. · Bubble Concerns: Current trading volume has surpassed the peak of the 2021 bull market, and the speculative atmosphere is overheated. High open interest also signals potential risks of severe volatility.
For traders seeking excitement, ZEC is undoubtedly a paradise right now. But for investors seeking stability, perhaps it's better to focus on areas where narratives are just beginning and volatility is relatively low. After all, staking a claim on a potential 'small pup' may be more stable than snatching food from the jaws of a frenzied whale.
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