📉 Market overview
• Current price: $385.50 – $395.00.
After a powerful rally in November, where the price reached $500+, Zcash is in a phase of deep correction.
The asset broke the psychological support of $400 and is now searching for a bottom around $360. Volatility remains high, the market is cooling off after overheating.
Overall trend on the daily chart: Correction (within the global bullish trend).
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📊 Technical Indicators
● RSI (14) 42.1 ⚪
● MACD (12, 26) -5.30 🔴
● SMA (200) $215.40 🟢
● EMA (20) $412.80 🔴
● Stochastic 12.4 🟢
● Momentum -35.6 🔴
( 🟢 — Buy/Overbought, 🔴 — Sell, ⚪ — Neutral)
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🔍 Detailed Analysis
1. Moving Averages (MA)
The price has fallen significantly below the 20-day EMA ($412.80), confirming the short-term strength of bears. However, the asset is still trading well above the long-term 200-day SMA ($215.40), indicating the preservation of the global uptrend. The current decline is a healthy correction to the mean after a vertical rise.
2. Relative Strength Index (RSI)
The value of 42.1 indicates a cooling of interest. The indicator has exited the overbought zone and is gradually declining. This provides an opportunity for a "reload" before a new impulse.
3. Support and Resistance Levels
Zcash is in search of a demand zone.
Resistance Zones:
• $395 — $400: Nearest retest zone (previous support). A breakout above is necessary for the bulls' return.
• $450: Intermediate level.
• $520: Yearly high.
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Support Zones:
• $360: Current local support (0.5 Fibonacci level from the last impulse).
• $300 — $310: Strongest area of interest (Demand Zone). Here the 0.618 Fibonacci correction and previous trading levels converge.
• $280: Deep safety support.
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💡 Movement Scenarios
● Buyback Scenario (V-shaped reversal):
Stochastic (12.4) is in the strong oversold zone. If buyers hold the $360 level, a quick bounce to $400 is possible. This is a speculative scenario for aggressive traders.
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● Reload Scenario (Main):
A smooth price slide into the "golden zone" of purchases $300 – $320 seems more likely. There, major players may start accumulating positions again for a move to a new high ($600+).
