📈 Analysis and forecast for $ZEC : is it time to exit? 🚀
As of May 22, 2025, 19:27 EEST, the price of $ZEC on Binance is $48, with a 15% increase over the last 24 hours. The daily trading volume is approximately $120M, and the market capitalization is $780M (with a circulating supply of 16.33M ZEC). Sentiment on X is bullish: users are discussing the growth following news about privacy developments in the Zcash network.
Technically, ZEC is in an uptrend. On the 4-hour chart, the price is above the 50-day moving average ($42), and the RSI (14) at 67 indicates bullish momentum, but there is proximity to overbought conditions. Key levels: support at $45, resistance at $50. A breakout above $50 could push the price to $52, but a drop below $45 would increase pressure towards $42.
Forecast: In the short term (by the end of May), ZEC may reach $52 if volume is maintained. By July 2025, a correction to $42 is possible due to overbought conditions. The long-term target for 2026 is $90, assuming increased interest in private transactions and the development of Zcash.
Is it time to exit? After a 15% increase and a current price of $48, taking profits is justified, especially ahead of the $50 resistance. Set a stop-loss at $45 for protection. For long-term investors, holding for a target of $52 is possible, but watch the RSI and volumes. $ZEC is promising due to the unique zk-SNARKs technology, but the market is volatile, and regulatory risks for private coins remain. Act cautiously! #zec #Binance #CryptoAnalysis
