📊 Technical Analysis — ZEC/USDT (1h)
@Zcash Official #zec #zcash $ZEC
Zcash (ZEC) rises +7.18%, quoted at $437.63, after reaching a high of $449.99 in the last 24 hours.
📈 Upward Trend Maintained:
The price remains above the moving averages (MA7, MA25, and MA99), indicating continuity of the upward movement, even with minor corrections.
📉 Technical Indicators:
• RSI(6): 58.44 — Neutral zone, with a slight inclination towards high.
• RSI(12) and RSI(24): both at 61, suggest buying strength still present, but without overbought conditions.
📊 Volume:
Stable volume, but with a slight decline in the last hours, signaling possible deceleration of buying strength.
📌 Moving Averages:
• MA(7): $436.51 (immediate support)
• MA(25): $417.99
• MA(99): $369.86
The price respects MA7 as dynamic support — still a healthy technical structure.
🔁 Supports and Resistances:
• Resistance: $449.99 (recent peak)
• Support: $436.50 (MA7) and $418 (MA25)
⚠️ Summary:
ZEC maintains an upward structure with a healthy technical pullback after the peak. There is still room for a resurgence if the support at MA7 is held.
🎯 Strategy:
Safer entry at support (MA7) or on confirmed breakout of $449.99 with volume. Caution if it loses $436, as it may seek MA25.
