On December 16, #ZEC走势分析 $ZEC 12, the trend of ZEC showed a strong oscillating trend for the day. Although there were fluctuations, it was generally supported by multiple positive factors and was not significantly affected by the overall market fluctuations. The specific trend details are as follows:
1. Price performance: As of approximately 9 AM on December 16, the latest price of ZEC was about 408.72 USD, with a 24-hour increase of 0.47%. The highest price within the 24 hours reached 418.49 USD, while the lowest was 386.45 USD, with a price fluctuation of 8.29%. The 24-hour trading volume reached 910 million USD, with a trading volume of 2.21 million, and recent trading volume has seen some increase.
2. Technical situation: Previously, ZEC had stopped falling at the support level and showed a strong candlestick signal, indicating a trend of testing higher points. The current MACD histogram has remained positive and is gradually lengthening, indicating strong bullish momentum. However, the previous RSI indicator had reached the overbought zone of 79, suggesting there may still be a possibility of volatility due to speculative sentiment retreating in the short term.
3. Support and resistance: The market considers the 400 USD range as a potential profit and loss advantage for long positions, with significant resistance around 443 USD that needs to be monitored above. If it breaks through, it may look toward higher points like 462 USD; initial support below can refer to today's low around 386 USD.
4. Market-related impacts: ZEC recently completed its halving, coupled with institutional buying and other positive factors, and has shown a negative correlation with Bitcoin, creating an independent market trend. However, the overall cryptocurrency market is currently volatile, and the high number of open contracts for ZEC previously may amplify its price fluctuations due to crowded positions.
