$ZEC
ZEC Surge: +13% Gains! Is $400 the Next Stop? 📈
ZEC (Zcash) is leading the market today with an incredible +13.69% rally! The 1-hour chart shows a powerful recovery, and the momentum is currently hitting critical levels.
🔍 Technical Analysis (1H Chart):
Massive Breakout: ZEC is trading at 372.09, pushing right against the Upper Bollinger Band ($372.29). This shows extreme bullish strength.
Bullish SAR: The Parabolic SAR dots switched below the price candles a few hours ago, confirming a strong upward trend.
MACD Momentum: The MACD (DIF: 5.21 / DEA: 3.22) is in a steep climb with expanding green bars, showing that the buying volume is still very high.
RSI Check: The RSI (10) is currently at 74.23. While this is strongly bullish, it is now in the Overbought zone. Traders should watch for a potential short-term consolidation before the next push.
🎯 Potential Trade Setup:
Entry Zone: For those not in yet, look for a small pullback toward the $360 - $365 area.
Target 1: $385 (Immediate psychological resistance).
Target 2: $400 (Major extension target).
Stop Loss: $345 (Below the middle moving average support).
💡 Expert Insight:
ZEC has just hit a 24h high of 372.24. If the price can close a 1-hour candle above 373, expect a fast move toward the $390 range. However, with an RSI above 74, avoid "chasing the green candle" and look for smart entries on dips.
What's your plan? Are you riding the ZEC wave or waiting for a dip? Let’s hear your targets! 👇
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