โ๐ Is $ZEC Going to Hit $600 or Crash From This Parabolic Top? ๐
โZcash is experiencing extreme volatility, trading aggressively near $535 USDT. The privacy coin is in a sharp, parabolic uptrend, fueled by high demand, but the market is now dangerously overbought. This key decision point will determine if momentum carries it higher or if profit-taking triggers a massive correction.
โ๐ Technical Outlook:
โMoving Averages (MAs): The price is widely separated from its MAs. The MA(7) at $446 is the immediate, crucial support. This wide separation signals extreme overbought conditions.
โMACD: Momentum is peaking with a very high histogram reading, confirming intense buying pressure but warning of an unsustainable vertical structure.
โRSI: Deeply overbought territory, increasing the risk of a swift and sharp correction.
โ๐ Trade Setup (Bias: Extreme Caution Long)
โNew entries should wait for a safe re-entry point or confirm continued strength.
โSafe Long Entry: Wait for a controlled pullback to the MA(7) support near $446.
โTarget (TP): $586 - $600 (The next major psychological and technical resistance).
โStop-Loss (SL): A daily close below $420.00 invalidates the current structure, confirming a major correction.
โ๐ Strong Conclusion
โThe line in the sand for $ZEC bulls is the $446.26 (MA(7)) level. A failure to hold this immediate support will likely initiate a wave of selling, leading to a deep pullback. If you are not in, do not chase the price here; wait for a clear and confirmed entry.
โ๐ก Tip
โParabolic runs often see high-volume spikes just before a local top. Look for volume divergence (new high price, lower volume) as a key signal that the surge is exhausting.
