ZEC Technical Analysis / Technical Analysis
English:
Zcash (ZEC) is currently trading around $230, showing a resilient bullish posture after a period of consolidation.
Technical indicators suggest a 70% bullish sentiment today.
The price is hovering above a crucial support zone, with the RSI (14) sitting at 56, indicating there is still room for upward movement before hitting overbought territory.
Key moving averages signal a "Strong Buy," as ZEC holds firmly above its 50-day EMA.
Resistance is currently identified near the $242 mark; a clean breakout above this level could trigger a rally toward $255.
On the downside, immediate support lies at $234.
Despite the "Extreme Fear" in the broader market index, ZEC’s privacy-centric fundamentals are attracting decoupled interest.
Spanish:
Zcash (ZEC) is currently trading around $230, showing a resilient bullish posture after a necessary consolidation.
Technical indicators suggest a 70% bullish sentiment today.
The price is hovering above a crucial support zone, with the RSI (14) at 56, indicating there is still room for upward movement before hitting overbought territory.
Key moving averages signal a "Strong Buy," as ZEC holds firmly above its 50-day EMA.
Immediate resistance is identified near the $242 mark; a clear breakout could push the price towards $255.
On support, $234 acts as a safety net.
Despite the "Extreme Fear" in the broader market, ZEC's privacy fundamentals attract independent interest.
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