$ZEC First: What happened on the chart
The currency was in a long downward trend and reached a bottom at $15.78.
After that, a clear accumulation phase started for several months between ($25 – $60).
Then there was a very strong price explosion and a vertical rise to around $750 before it returned to correct to $336.
This type of increase usually happens due to: ✔ Strong news
✔ Reducing the supply of the currency or upgrading
✔ Funds entered with huge amounts for the long-term direction (Long Term)
The general trend now
🔹 The trend has become a long-term upward trend after breaking historical levels and the appearance of very strong candles.
🔹 This movement is considered the beginning of a new trend and not just a short Pump.
Important levels for the long term
Strong support levels for the long-term outlook
1. $300 – $320
Very strong main support (the current area for correction).
2. $245 – $260
Medium support, likely to return to it if the correction continues.
3. $142 – $150
The strongest historical support from the previous trend, and it is only visited if the momentum collapses.
Upcoming resistance levels
1. $420 – $450
First resistance in case of a rebound.
2. $585 – $600
Strong resistance and may face significant selling at that level.
3. $750
The last peak — if it breaks through, the path opens toward:
$900
$1200
Chart indicators
RSI
Reached a strong overbought level (73), normal after a price explosion
This confirms that the currency may need correction or consolidation.
MACD
The momentum is still positive but has started to slow down → An indication of entering a calming phase before a second wave.
