• Current Binance price: $425.37.
📉 Market Overview
The price of $425.37 indicates that Zcash has continued to decline, failing to hold the key level of $430. This suggests that selling pressure remains, and the market aims to test the next, stronger demand zone. A correction is developing, but it still remains within a 'healthy' (not threatening the long-term trend) range if the asset holds critical dynamic supports.
• Overall Trend: Bullish, but the short-term phase is Bearish momentum (continuation of correction).
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📊 Technical Indicators
● RSI (14) 60.0 🟢
● MACD (12, 26) 10.50 🟢
● EMA (20) 398.00 🟢
● SMA (50) 380.00 🟢
● Stochastic 55.0 ⚪
● Momentum +20.0 ⚪
( 🟢 — Growth/Bullish Control, 🔴 —
Sell/Drop, ⚪ — Neutral)
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🔍 Detailed Analysis
1. Moving Averages (MA)
Despite the price drop, Zcash is significantly above key averages ($398 and $380). This confirms that the current decline is a correction, not a trend change. However, the price is quickly approaching the important psychological zone of $400.
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2. Oscillators
RSI (60.0): The indicator continues to cool down and is in "bullish" territory. This is still a healthy sign: correction helps the market shake off "weak" hands.
Stochastic (55.0): Dropped to the neutral zone, indicating a loss of short-term bullish momentum.
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3. Support and Resistance Levels
The level of $430, which did not hold, now becomes resistance.
● Resistance Zones:
• $430.00: Key level (former support). A return and consolidation above it is the first bullish signal.
• $448.00: Local maximum of the week.
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● Support Zones:
• $410.00 – $420.00: Current demand zone. This is the first strong area where buyers may intervene.
• $400.00: Psychological barrier and strong demand zone. The likelihood of a strong bounce here is very high.
• $398.00 (EMA 20): Critical dynamic support.
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💡 Movement Scenarios
● Bearish Scenario (Main):
The current momentum is likely to continue moving towards the zone of $410.00 – $420.00. If this zone is broken, the next target is $400.00.
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● Bullish Scenario (Short-term Bounce):
If Zcash finds support in the current zone of $420–$425, it may bounce back for a retest at $430.00 and attempt to regain control.
