Type Level (USD) Implication
Major Resistance $455 - $480 If broken, it could open the path toward $500 and the historical resistance at $520.
Immediate Support $420 Maintains the bullish structure in the short term.
Critical Support $390 - $400 This is the key psychological area; if lost, it could signal a deeper correction.
🛠️ Indicators (Summary)
Critical Support $390 - $400 It is the key psychological area; if lost, it could indicate a deeper correction.
Relative Strength Index (RSI): The daily RSI is in the 55-65 zone. This suggests that the asset has room to continue rising before being considered "overbought" (generally above 70).
Volume: Trading volume has been consistent, which validates recent price movements and accumulation.
🔮 Outlook
The overall trend is bullish, validated by the Moving Averages and the ability to hold support. The immediate challenge for $ZEC is overcoming the $455 - $480 resistance zone.
Note: The 2025 Halving event has already been priced in to some extent, but the scarcity momentum remains a key Fundamental Analysis (FA) factor supporting the TA.
📈 Technical Analysis (TA) of Zcash ($ZEC/USDT)
📊 Key Levels (Daily Chart)
Type Level (USD) Implication
Major Resistance $455 - $480 Breaking this level could open the path toward $500 and the historical resistance at $520.
Immediate Support $420 Maintains the short-term bullish structure.
Critical Support $390 - $400 This is the key psychological area; if lost, it could signal a deeper correction.
Major Resistance $455 - $480 If it breaks, it could open the way to $500 and the historical resistance of $520.
Moving Averages (MA): $ZEC is trading above both the 50-day and 200-day MAs. This is a strong indicator of a predominant bullish trend in the medium and long term.
Moving Averages (MA): $ZEC is trading above the 50 and 200-day MAs. This is a strong indicator of a prevailing medium to long-term bullish trend.
Volume: Trading volume has been consistent, which validates recent price movements and accumulation.
🔮 Outlook
The overall trend is bullish, validated by the Moving Averages and the ability to hold support. The immediate challenge for $ZEC is overcoming the $455 - $480 resistance zone.
Note: The 2025 Halving event has already been priced in to some extent, but the scarcity momentum remains a key Fundamental Analysis (FA) factor supporting the TA.
