($ZEC ) is staging a massive recovery after the recent "Developer Exodus" news shook the market. After bottoming out at $361.01, the price is now pushing hard toward the $400 psychological barrier. The launch of cashZ by the former core team has injected fresh hope into the privacy narrative.
🔍 Technical Breakdown
Trend Reversal: ZEC has successfully reclaimed the MA(7) ($386.47) and MA(25) ($379.66) on the 1-hour chart, signaling that bulls are stepping back in.
Major Target: The immediate resistance is the MA(99) at $418.75. Analysts suggest that a strong close above $450 is the key required to target $500 and beyond.
RSI Alert: The RSI(6) is currently sitting at 83.54, which is deep in overbought territory. Expect a healthy "reset" or slight pullback toward the $385 support level before the next leg up.
🎯 Trade Setup: ZEC/USDT
🟢 Entry Zone $385.00 – $395.00 (Wait for a slight dip)
🎯 Take Profit 1 $418.00 (Immediate Resistance)
🎯 Take Profit 2 $450.00 (Major Trend Gate)
🎯 Take Profit 3 $500.00 (The Dream Target)
🛑 Stop Loss $360.00 (Strict exit below recent low)
⚠️ What to Watch Out For
While the dream of $1,000 backed by figures like Arthur Hayes remains alive, the governance shift is a major risk factor. If ZEC fails to hold the $370–$390 support zone on a daily close, the bearish structure could return.
Bottom Line: The recovery is real, but don't FOMO at the top of an overbought RSI. Buy the dip and keep your stops tight!
#ZEC #Zcash #CryptoAnalysis #PrivacyCoins #BinanceSquare #Write2Earn
