#ZEC is showing signs of a potential relief rally, trading at $365.73 with a +2.48% gain in the last 24 hours. While the long-term trend remains bearish on the daily chart, the price is attempting to find solid ground after a recent dip.
Current Trend: Price remains below the 50-day EMA ($428.35), indicating that sellers still hold mid-term control.
Key Support: The $336.00 level has recently acted as a critical floor for buyers.
Momentum Indicators:
MACD: Remains in negative territory at -8.06, showing persistent bearish pressure.
RSI: Sits at 36.48, hovering just above the oversold zone, which often precedes short-term relief moves.
Strategic Outlook:
Look for a sustained move above $375 to confirm a short-term trend shift. However, a failure to hold the $336 support could lead to a deeper correction toward psychological support at
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ZEC
239.94
+0.80%