The current price of ZEC is facing short-term pullback pressure, but the overall upward structure has not yet been broken.
1. Key Technical Signals
Moving Average System:
The price of 452.94 is still between MA7 and MA30, showing a converging state, indicating an intensification of the tug-of-war between bulls and bears.
If it breaks below 445, the short-term trend may weaken.
Momentum Divergence Risk:
The potential death cross of MACD and the new high of 469 form a divergence, suggesting a weakening of upward momentum, and caution is needed for a pullback.
2. Price Trend Projection
If it cannot stabilize above 454 in the short term, it may test the 445-440 range downwards. If it breaks below MA30 with volume, the pullback may accelerate towards around 386.
3. Operational Logic Reference
Spot Strategy:
Holders can observe the support strength around 445; if it breaks, they need to reduce their positions;
Those who have not entered the market are advised to wait for around 386 to gradually build positions, avoiding chasing highs.
Contract Strategy:
In the short term, light positions can be tried in the 454-460 range with stop losses set above 469, targeting 445;
Long positions are recommended to be entered after stabilizing in the 386-395 range with stop losses set below 375.
4. Risks to Watch
The total open interest across the network has reached 16.43 million ZEC. If the price fluctuates rapidly, it may trigger a chain reaction of forced liquidations, amplifying price swings.
It is necessary to consider the trends of Bitcoin's market; if BTC weakens, ZEC is difficult to strengthen independently.
Still the same saying, feeling lost and helpless about when to enter the market? Follow Brother Niu, and let him lead you through the market challenges! @牛哥说趋势
