🔥 $ZEC MAJOR Reversal Incoming? $500 Target in Sight!
Zcash just took a 17% beating but the buyers are BACK! Price has spiked off $424.82 and is fighting to reclaim key moving averages. The momentum shift is undeniable, confirming a strong relief rally is brewing.
📊 Technical Outlook
Price ($464.95) is ABOVE MA(7) ($448.29) and challenging MA(25) ($460.99). MACD is strongly BULLISH (Histogram: 2.33) with a decisive crossover, signalling a complete short-term momentum flip.
📈 Trade Setup
🚀 Bias: LONG (Reversal Play)
Entry: $465.00 - $467.00 (Confirming MA(25) break)
🎯 TP 1: $494.50 (Near MA(99) Resistance)
🎯 TP 2: $506.00 (Recent swing high)
🛑 SL: $455.00 (Protecting the MA(25) support level)
🚨 The $460.99 (MA(25)) level is the line in the sand. Hold this level, and ZEC flies towards $500.
ZECUSDT
Perp
463.27
-4.95%