ZEC/USDT Analysis

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Current price: around 565 USDT

The overall trend is short-term bearish after a strong rise from the 297 → 754 area.

The currency has started a clear downward correction after breaking the 25 average (pink) downwards.

🔸 Moving Averages (MA)

MA7 (yellow) = 622 → moving downwards.

MA25 (pink) = 606 → has started to curve downwards.

MA99 (purple) = 440 → still bullish but far away.

📉 A negative crossover occurred between MA7 and MA25 → a sign of weakness in the short term.

📉 The price is currently below both the short and medium averages → continuous selling pressure.

🔸 Technical Indicators

RSI (6) = 34 → close to oversold (below 30), indicating a possible slight temporary rebound.

STOCH RSI = 20 → also close to the bottom, giving the same signal (possible temporary rebound).

MACD = -9.30 and values are below zero, with the blue line below the yellow → confirmation of the continued bearish trend.

🔸 Support and Resistance

Strong support: 530 – 500

Deeper support: 440 (matches with MA99)

Nearby resistance: 606 (MA25)

🔸 Technical Summary

Current trend: 🔻 Short-term bearish

But the indicators (RSI and StochRSI) suggest a corrective rebound is approaching before continuing downwards.

Ideal buying area: 520 – 480

Selling area / Possible resistance: 600 – 670