🚀 Zcash (
$ZEC ): MA200 Breakout Confirmed! Has the Global Reversal Begun?
We Did It! As predicted in the previous analysis, Zcash (
$ZEC ) has just broken through the main “lifeline” of the bear market. Right now, the price is at $352, and we are consolidating above the critical MA200 level ($349).
🔥 Why is this a historic moment?
1 MA200 Breakout (1D): For the first time in a long time,
$ZEC is trading above its 200-day moving average. This is an official signal for a global trend change from bearish to bullish.
2 Golden Cross on 1H: A “Golden Cross” occurred on the hourly timeframe (MA50 crossed MA200). This is the fuel that is currently pushing the price up on high volumes.
3 RSI Status: The indicator 65 indicates strong bullish momentum. We are entering an active growth zone, but we still have a margin to critical overbought (70+).
4 Whale Power: Whales, who accumulated assets in the $300-$315 zone, have started to defend new levels. Supply on exchanges continues to fall rapidly.
🎯 What's next?
The next big target is psychological and technical resistance in the $390-$400 zone. If we hold the $350 level at the close of the day, the path to new highs is open.
Warning: The market is volatile. Now the $349-$350 level is turning from resistance into our main support. Watch for a retest!
This is not financial advice. Do your own research (DYOR).
#GoldenCross #Breakout #CryptoTrading #Bullish #TechnicalAnalysis