📉 ZEC/USDT – Technical Analysis (1H)
Current Price: $402.33
Variation: -1.15%
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🔍 1. Moving Averages (MA):
• MA(7): 409.12
• MA(25): 407.03
• MA(99): 434.96
➡️ Interpretation:
The price is below all moving averages, including the short (MA7) and the intermediate (MA25), reinforcing the continuation of the downtrend in the short term. The MA99 remains as the main long-term resistance.
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📊 2. RSI (Relative Strength Index):
• RSI(6): 35.28
• RSI(12): 41.57
• RSI(24): 42.67
➡️ Interpretation:
The RSIs are still close to the oversold zone, but not at extreme levels. This shows that the market is weak, but there is still no clear signal of reversal.
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🔊 3. Volume:
• High volume during the drop to $386.45, followed by a green candle, and now a new drop with reduced volume.
➡️ Interpretation:
A peak in volume during the bottom indicates possible selling exhaustion, but the lack of continuation suggests that the recovery is still weak.
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🧱 4. Supports and Resistances:
• Immediate Support: $386.45 (daily low)
• Immediate Resistance: $407 (MA25)
• Critical Resistance Zone: $419–$434 (next MAs + previous top)
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⚠️ Technical Conclusion:
🔻 Trend: Down in the short term
The ZEC tested a bottom at $386.45 with strong volume, indicating a possible accumulation area, but the current candle shows rejection at $407 and a return to $402, which may be a false attempt at reversal if there is no resumption of buying volume.
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✅ Likely Scenarios:
📈 Possible Rise:
• Confirmation only above $409.12 (MA7) with volume, targeting $419–$434.
📉 Continuation of Decline:
• Loss of $395–$386 with volume may open the way for $375 or even the $360 region.
