Zcash fully bought back the local dip to $425 (which we discussed earlier) and returned to its highs. The market demonstrates an aggressive bullish sentiment: buyers do not let the price drop and are buying any dip. ZEC is once again attacking the resistance at $450.
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✅ Technical analysis of Zcash (ZEC/USDT)
• Current price: $445.33
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📈 Market overview
Zcash is demonstrating a V-shaped recovery. Holding the level $430 was successful, and bulls have taken the initiative. The asset is trading again in the zone of strong bullish momentum, closely approaching the psychological barrier of $450. The market structure is strictly upward ("Higher Highs, Higher Lows").
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📊 Technical Indicators (Daily)
Table based on the price $445.33.
● RSI (14) 69.5 🟢
● MACD (12, 26) 16.20 🟢
● EMA (20) $412.00 🟢
● SMA (50) $388.00 🟢
● Stochastic 68.0 🟢
● Momentum +28.5 🟢
(🟢 — Buy/Growth, 🔴 — Sell/Decline, ⚪ — Neutral)
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🔍 Detailed analysis
1. Moving Averages (MA)
The price ($445.33) is significantly above the 20-day EMA ($412). This is a sign of a very strong trend. The fact that the price is not "hugging" the average but maintaining distance indicates high aggressiveness from buyers. Support has risen: now the zone $410–$412 is a "concrete floor."
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2. Oscillators
• RSI (69.5): The indicator is approaching the overbought boundary (70) again but has not crossed it yet. This means there is room for price to break $450 before a new pause is needed.
• Stochastic (68.0): Trending upwards. This confirms the resumption of growth after a short correction.
• MACD: The histogram is growing, and the lines are diverging upwards. Full control of bulls.
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3. Support and Resistance Levels
● Resistance zones:
• $450.00: Nearest obstacle. Round number.
• $465.00 – $470.00: Local high of the week.
• $500.00: Medium-term target.
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● Support zones:
• $430.00: Key mirror level. Former resistance turned support. As long as the price is above $430 — the trend is unwavering.
• $412.00 (EMA 20): Dynamic support.
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💡 Movement scenarios
🚀 Bullish (Break $450):
With the current momentum, a break above $450 seems to be a matter of time. Holding above this level will open a direct path to update highs around $465 – $470.
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📉 Correction (Sideways):
If sellers defend the level $450, the price may enter a sideways movement in the range $435 – $450 to gather strength.
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Summary:
Zcash looks stronger than Ethereum and Solana at the moment. It is not just recovering but preparing to update the high.
