š„ Is the $ZEC Rally Sustainable After Hitting $426? Key Levels to Watch! šš
Zcash chart on the 4-hour timeframe shows a massive bullish surge, breaking out and hitting a high of $426.15. The price is up over 19% in 24 hours and consolidating just above the $410 level. Bulls are in firm control, with price action well above all key moving averages, signaling strong trend continuation.
š Technical Outlook
Momentum is robustly confirmed on the 4-hour chart:
Moving Averages (MAs): The price at $413.00 is holding significantly above dynamic supports, confirming a strong uptrend:
MA(7): $399.42
MA(25): $368.15
MA(99): $359.02
MACD: The indicator confirms aggressive momentum with a widening bullish cross above the zero line:
DIF: 16.85
DEA: 12.55
The high positive value suggests strong buying pressure but warrants caution for a potential temporary pullback.
š Trade Setup
A Long bias is favored, anticipating a continuation of the breakout after a minor cooling-off.
š Bias/Entry Zone: Long, seeking entry at $405.00 - $410.00 (Retest of previous breakout).
šÆ Target 1 (TP1): $430.89
šÆ Target 2 (TP2): $455.00
š Stop-Loss (SL): $398.00 (Just below the MA(7) dynamic support).
The important point for $ZEC is the MA(7) at $399.42. As long as the price remains above this level, the bullish structure is intact, and a fresh push toward the $430-$455 resistance zone is the most likely outcome. A decisive break below $398.00 would invalidate the immediate long setup.
š” Tip
In aggressive uptrends, use the short-term MA (MA(7)) as a dynamic guide for managing your trade, as it often acts as reliable support during consolidations.
