ZTC is currently fully under bot & whale control.
Those who enter before the direction starts take serious risks.
Be cautious.
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$ZTC Market Volatility Analysis: Heavy Selling Pressure After TGE, High Risk of Whales Cashing Out
1. Market Update: TGE is "Killing Valuation"
After the positive announcement of ZTC's exclusive launch in Binance's Web3 wallet, it failed to maintain momentum and instead faced aggressive selling by profit takers.
- Price Performance: Plummeted 14.01% intraday, current price $0.00208.
- Support Test: The price once dipped to $0.00192, currently at a critical support level's edge; if it breaks down, it may open a new downward channel.
2. Technical Analysis: Bears Hold the Initiative
- Moving Average Pressure: The price has fallen below the major moving averages (MA), forming a clear bearish arrangement, worsening the technical pattern.
- Momentum Indicators: The RSI indicator is at 45, although it has not entered the extremely oversold range (<30), it is clearly below the 50 watershed, confirming the dominant bearish trend in the short term.
{alpha}(560x87033d521f1a5db206860f2688ca161719f85187)
1. Market Update: TGE is "Killing Valuation"
After the positive announcement of ZTC's exclusive launch in Binance's Web3 wallet, it failed to maintain momentum and instead faced aggressive selling by profit takers.
- Price Performance: Plummeted 14.01% intraday, current price $0.00208.
- Support Test: The price once dipped to $0.00192, currently at a critical support level's edge; if it breaks down, it may open a new downward channel.
2. Technical Analysis: Bears Hold the Initiative
- Moving Average Pressure: The price has fallen below the major moving averages (MA), forming a clear bearish arrangement, worsening the technical pattern.
- Momentum Indicators: The RSI indicator is at 45, although it has not entered the extremely oversold range (<30), it is clearly below the 50 watershed, confirming the dominant bearish trend in the short term.
{alpha}(560x87033d521f1a5db206860f2688ca161719f85187)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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