$ZEC /USDT Binance chart, 15m timeframe 📉
*Analysis:*
1. *Price*: 573.30 USDT, down 7.00% in 24h. Rs159,686.98
2. *Trend*: Short-term bearish. Price 573.30 is below MA60 at 574.02 and MA60 is sloping down. In the last 24h, it dropped from 626.87 to 561.49.
3. *Levels*:
- 24h High: 626.87
- 24h Low: 561.49 ← currently recovering around this level
- Support: 561.49, Resistance: 574 MA60
4. *Volume*: 294K ZEC traded, heavy selling was seen with a red candlestick. A slight bounce is visible now.
5. *Performance*:
- Today: -2.39%
- 7 Days: +0.23%
- 30 Days: +60.11%
- 90 Days: +124.04%
- 1 Year: +961.60% 🔥 → There has been a massive pump in the long term
*Quick take:*
ZEC is down 7% today and trading below the MA60. However, it's up 961% over the past year, so this looks like just profit booking. If the 561 support holds, we could see a bounce back to 574.
"ZEC is 7% down today, testing 561 support ⚠️ it was up 961% in a year, is this a correction or a trend change? #ZEC #zcash #Crypto"
*Analysis:*
1. *Price*: 573.30 USDT, down 7.00% in 24h. Rs159,686.98
2. *Trend*: Short-term bearish. Price 573.30 is below MA60 at 574.02 and MA60 is sloping down. In the last 24h, it dropped from 626.87 to 561.49.
3. *Levels*:
- 24h High: 626.87
- 24h Low: 561.49 ← currently recovering around this level
- Support: 561.49, Resistance: 574 MA60
4. *Volume*: 294K ZEC traded, heavy selling was seen with a red candlestick. A slight bounce is visible now.
5. *Performance*:
- Today: -2.39%
- 7 Days: +0.23%
- 30 Days: +60.11%
- 90 Days: +124.04%
- 1 Year: +961.60% 🔥 → There has been a massive pump in the long term
*Quick take:*
ZEC is down 7% today and trading below the MA60. However, it's up 961% over the past year, so this looks like just profit booking. If the 561 support holds, we could see a bounce back to 574.
"ZEC is 7% down today, testing 561 support ⚠️ it was up 961% in a year, is this a correction or a trend change? #ZEC #zcash #Crypto"