Hey guys, ZEC is consolidating after an explosive +17.32% rally that took price from $332 to $425 in 24 hours. Now trading at $407.75, we're watching to see if bulls can digest these gains and push for another leg or if we're due for a retracement.
The technical setup leans bullish with strong trend confirmation. ADX at 69.4 signals legitimate momentum, MACD shows a bullish crossover, and price sits above all major EMAs (EMA20 $388, EMA50 $369, EMA200 $378). RSI at 69.1 approaches overbought but still has room, while MFI at 76.9 shows strong money flow despite current volume sitting below average.
Key levels to watch: immediate support at EMA20 $388.31 backed by BB middle band $384.02, with critical support at EMA50 $369.27. Resistance comes in at the 24h high $425.00, then BB upper band $432.08. The 52.6% upper wick signals rejection near $425, making that our key breakout level.
Trading setup: entries $400-$410 zone, stop below EMA20 at $388, targets $425/$445/$465 offering 2.1:1 to 4.2:1 risk/reward. The trend structure shows higher lows (bullish) but also lower highs (bearish), creating compression that typically resolves with a strong move. With 80% confidence and strong buy signals, this looks like a solid momentum continuation play if $388 support holds. How are you playing this move?
✅ Trade here on $ZEC
