ZEC (Zcash) $ZEC Technical Analysis
ZEC is currently trading around $414.90 showing a minor pullback (-3.15%) after a strong upward move. Price recently bounced from the $409–410 support zone, confirming strong buyer interest at lower levels.
On the 1-minute chart, ZEC remains above key moving averages (MA 25 & MA 99), which suggests the short-term trend is still bullish, though momentum is cooling.
Indicators:
RSI (≈67): Near overbought territory, signaling possible consolidation or a small correction.
Bollinger Bands: Price is close to the upper band, indicating short-term exhaustion.
Supertrend: Still bullish, supporting trend continuation.
Key Levels:
Resistance: $414.7 – $420.0
Support: $412.5 → $409.0
Outlook
If ZEC holds above $412, a retest of $420–430 is possible. A break below $409 could trigger a deeper pullback toward $405. Overall bias remains bullish with short-term consolidation.
