Chart Analysis (Daily – ZEC/USDT)
Current Price → $118.56 (strong rally).
24h High/Low → $129.20 / $74.39 → very wide range = extreme volatility.
Moving Averages
MA(7) = 54.39
MA(25) = 50.01
MA(99) = 42.69
✅ Price is far above all MAs → trend is over-extended.
RSI (6) = 59.11 → not overbought (70+), but coming down from high → showing momentum cooling.
Candlestick → After the strong green run-up, a long upper wick at $129 signals selling pressure / possible reversal.
Recent Move → From $38 → $129 in a few weeks = +240% pump.
📉 Next Possible Position (Short-Term: 1 Week)
Support Levels:
$100 (psychological round number, near consolidation zone).
$90–93 (old resistance, now could act as support).
Resistance Levels:
$125–130 (strong rejection zone).
If broken → could test $150, but probability is low unless BTC pumps.
📊 Projection
Likely Scenario (60%) → Pullback / downtrend toward $95–105 before stabilizing.
Bullish Scenario (25%) → If it holds above $115 and BTC remains strong, retest $125–130.
Bearish Scenario (15%) → If market sentiment weakens, correction to $85–90.
✅ Conclusion:
ZEC looks over-extended after a parabolic pump. The most probable move is short-term downtrend or sideways consolidation between $95–115.
Safe strategy: Wait for dip buying near $95–100 instead of chasing at $118.
