A strong bullish candlestick has broken the stagnant deadlock, with ZEC declaring in price language: the bulls have taken over the short-term market.
At this moment, an exciting breakthrough market trend is unfolding before your screen. This real-time candlestick chart shows that the ZEC/USDT price has strongly risen above $417, with an opening price of $394.24 and an intraday increase of nearly 6%!
As a cryptocurrency analyst closely monitoring the market, I see not just the price surge, but also the subtle reversal of the forces between bulls and bears. Let's dive into this real-time chart and interpret each key signal within it.
01 Intraday raid, key resistance turns into support
The latest chart tells a clear technical story. ZEC opened at $394.24 this morning at 10:00 and did not continue the range fluctuations of the previous days, but instead broke through the psychological barrier of $400 and the integer resistance with increased volume.
During the trading session, the price reached a high of $403 and quickly pulled back to a low of $390.68. This pullback low was just above the lower Bollinger Band (389.66), forming a textbook 'lower band support confirmation' before launching a counterattack.
The current price of $417.27 has firmly stood above the key resistance of $400 from the past two weeks. According to classic technical theory, 'once strong resistance is broken, it transforms into strong support.' The $400 area has now become the first line of defense for future market pullbacks.
02 Indicator resonance reveals the hidden layout of the bulls.
Carefully observing the attached indicators, I discovered a strong bullish resonance signal.
The Bollinger Band indicator is undergoing a critical change: the upper band is at $452.44, the lower band is at $389.66, and the current price of $417 has clearly broken through the midline, entering the upper half of the Bollinger Band. This marks a shift in price momentum from neutral oscillation to a bullish pattern.
It is particularly noteworthy that the Bollinger Band width—although it has not expanded significantly—suggests that the price is running closely along the upper band, indicating that volatility is about to increase, with an upward direction likely.
The MACD indicator also hides secrets: although the DIF (-8.22) and DEA (-4.33) are still below the zero axis, the difference between them is narrowing, and the MACD histogram value is -7.77. More importantly, as the price reaches a new high (breaking $403), the MACD's negative area has not weakened simultaneously, forming a typical bottom divergence prototype.
03 The relationship between volume and price reveals the true intentions of the main players.
From the analysis of the market structure since the opening, today's market is not driven by retail investors in chaotic fluctuations. After breaking through $400, the pullback was shallow and short, indicating that the selling pressure has been effectively absorbed.
This rhythm of 'breakthrough - slight pullback - continue upward' is a typical characteristic of main force control and lifting. The stop-loss orders set by bears above $400 are becoming the fuel for further price increases.
Combining recent fundamentals, the number of ZEC in the Zcash network's shielded pool has exceeded 4.5 million, accounting for nearly 30% of the total circulating supply, creating sustained net buying pressure. The daily new supply post-halving is only 1,800 coins, and the supply-demand balance is quietly tilting towards the bulls.
04 Key positions, a precise map for layout and risk control.
Based on real-time charts, I have made active adjustments to key positions:
Core support has moved up: $400 (previous strong resistance, now core support), $389 (Bollinger lower band and today's low resonance area).
The upward targets are clear: the first target is $430 (previous minor high), and the second target is $452 (upper Bollinger Band). If the upper band is broken, it will open space for the $480-$500 range.
My exclusive prediction: the next 24 hours are crucial. If the price can stabilize above $415, it is likely to quickly test $430. The ideal path is a three-wave structure of 'rapid rise - pullback to confirm $400 - rise again.'
A warning signal to be cautious of: if the price falls below $400 and cannot recover within half an hour, this breakthrough may fail, and the market will return to the 390-400 oscillation box.
Charts do not lie; they tell us in the most direct visual language: the bull engine for ZEC has been ignited. The rigid demand for privacy narratives, the heightened scarcity post-halving, and the critical technical breakthroughs have all formed a rare resonance at this moment.
When the Bollinger Bands expand from contraction, when the MACD is brewing a golden cross below zero, and when the price declares direction with a solid bullish candle, the market is left with one question: is this just the beginning, or the final celebration?
The market changes rapidly. Do you think this breakthrough is the start of a real bull market, or a trap for the bulls?
Follow me for real-time market movement interpretations and key level reminders!#加密市场反弹 #美联储降息 $ZEC
