📈 Technical Analysis — ZEC/USDT (1h)

@Zcash Official #zec $ZEC

Current price: $443.23

Variation: +2.20%

🔍 General Summary

• 24h High: $460.00

• 24h Low: $390.28

• 24h Volume: 817 thousand ZEC | USDT: $345 million

• Recent movement: Strong rise with an expressive candle, followed by a slight retracement

📊 Technical Indicators

1. Moving Averages

• MA(7): $430.81

• MA(25): $418.39

• MA(99): $404.82

✅ The price is above all moving averages, confirming a positive short-term trend.

2. RSI (Relative Strength Index)

• RSI(6): 73.91

• RSI(12): 64.88

• RSI(24): 58.73

🔺 RSI(6) entering overbought territory, which may signal a slight correction in the short term, but still without divergence.

3. Volume

• Increasing volume above the average, which confirms the strength of the upward movement.

🔑 Technical Levels

• Immediate resistance: $460.00 (recent peak)

• Nearest support: $426.74

• Key support: $408.37

⚠️ Technical Conclusion

ZEC/USDT broke resistance with volume and strength, maintaining above the short MAs. High RSI suggests a possible breather, but the context remains bullish.

📌 It may test the $460 region again. A correction to $426 would be healthy and could generate a new entry.

ZEC
ZEC
461.44
+1.13%