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📊Technical Analysis (1 hour) $ZEC /USDT

$ZEC - Price: 634.10 USDT (−1.45% per day)

Timeframe: probably 15 min – 1 h

Key indicators:

‱ Bollinger Bands (20.2): The price touches the lower band (549) and pushes up - a classic bounce signal.

‱ Volume: Increased sharply on the last green impulse (108 million) - confirmation of buying interest.

‱ MACD: The histogram has moved from the negative to the positive zone (9.61), the lines have crossed upwards - a bullish signal.

‱ RSI (6): 72 - already in the overbought zone (a short-term pullback is possible).

‱ RSI (14) and (24): 58 and 51 - not yet overbought, there is room for upside.

‱ On-Balance Volume (OBV): It went up sharply with the price - money is coming in.

Market structure:

‱ After a long decline from 730+, the downtrend was broken (yellow line).

‱ An impulse rebound with strong volume is now underway.

‱ Nearest resistance: 650–658 (Bollinger average + local high), then 700–730.

‱ Support: 617 - 600 - 577.

ZEC
ZECUSDT
522.46
-8.31%

Signals:

🟱Buy (Long) - active signal

The current movement looks like the beginning of an impulse rebound/reversal.

Entry: now or on confirmation of hourly close above 640

Target 1: 658–660

Target 2: 700–730

Stop: 615 (below the last local low)

🔮Short – none yet

Short makes sense only with:

‱ a clear rebound and consolidation below 615, or

‱ a sharp drop in volume + MACD reversal down.

⚠Conclusion: At the moment, the advantage is on the side of buyers. The most likely scenario is a move to 660–730 in the coming hours/day, if the volume remains high. Short is still risky.