🔍 Tech & market overview
On the daily time-frame, many moving averages (MA100, MA200) are still above current price, signalling overall downward pressure from the longer term.
Shorter-term indicators show some mixed signs: RSI 14-day is ~51.3 (neutral) but MACD is positive (hinting potential upward momentum).
The price recently surged from ~US$46 in late September to ~US$740 in early November, a huge move in a short time.
According to some analysts, due to that parabolic rise the risk of a sharp pull-back is meaningful: one view expects a revisit toward much lower levels (even < $100) on a full correction.
On the adoption front, ZEC remains one of the stronger privacy-coins with a capped supply of 21 M and underlying protocol strength.
🎯 Trade & strategy ideas
Scenario A – If you’re bullish short/mid‐term:
Entry zone: if ZEC pulls back to a support around ~$480–$500 (given current pivot zones ~499 USD) you might look for signs of bounce.
Target zone: if bounce succeeds you could aim for near previous recent highs ~$650–$740 area (with increased risk)
Stop / risk: a break below ~$450 could invalidate the bounce thesis, meaning tighter stop needed.
Scenario B – If you’re cautious/expecting correction:
If you believe the big rise is overextended, you might wait for clear breakdown below support (~$450) then target much lower levels (some analysts suggest ~$40-$100) for a major reset.
Use a pull‐in‐rally (e.g., when ZEC tries to retest highs) as opportunity to lighten or tighten risk.
✅ Key levels to watch
Support: ~$480-$500 zone (current approximate pivot ~499 USD)
Resistance: ~$650-$740 region (recent highs)
Major risk trigger: Break and close below ~$450 → could signal deeper correction
Catalysts: Privacy-coin regulation, adoption of ZEC shielded pool growth, general crypto market risk‐off flows#USGovShutdownEnd? #BinanceHODLerALLO #CFTCCryptoSprint #CPIWatch
