2026-01-06 02:23:03

ZEC encounters resistance at the 509 level and begins to come under pressure. The current price is around 502.72, and several technical signals are worth noting. The RSI indicator has risen to 68.9, clearly entering the overbought zone, indicating that the short-term rally has been quite sufficient. At the same time, the MACD double lines show signs of a death cross at high levels, which usually suggests that the upward momentum may start to weaken. From the hourly chart, the downward correction pressure in the short term is not insignificant. Traders should pay attention to these technical warning signals and assess their own position risks.

ZEC0.07%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

13 Likes

Reward
13
7
Repost
Share

Comment

0/400

GigaBrainAnon

· 20h ago

509 died there, now at 502.72, still want to bounce? RSI is already at 68.9 and overbought, MACD is also starting to form a death cross. How low will this drop go?

View OriginalReply0

GateUser-5854de8b

· 01-08 05:00

509 that line really can't hold, RSI is overbought and it's still hesitating, this wave needs to reduce positions.

View OriginalReply0

Gm_Gn_Merchant

· 01-06 02:52

509 couldn't hold, the death cross has appeared as well. This wave definitely calls for reducing positions. ZEC's pace, RSI is already overbought and still pushing higher? Wake up, everyone. Around 502 might just be a relay point, be careful of getting caught by a sudden drop. The MACD death cross signal has been quite reliable in previous years... this time, we should also accept it. Short-term bullishness, don't be fooled by the false breakout at 509.

View OriginalReply0

AirdropHuntress

· 01-06 02:50

RSI is already at 68.9, and you still can't see it? Death cross + overbought. After research and analysis, this is a typical top signal. Don't be greedy.

View OriginalReply0

GateUser-cff9c776

· 01-06 02:44

RSI is already at 68.9 and still not running, this is a typical Schrödinger's bull market—both rising and falling. I've seen too many death crosses on MACD. According to the supply and demand curve, this wave of ZEC is just a clearance sale. The resistance line at 509 can't be broken. I bet this is the last pullback opportunity of this round. These technical warnings, to put it simply, indicate that the market is doing subtraction—feels a bit like Van Gogh cutting off his ear. With such strong short-term downward pressure, why are some still willing to go all-in? It’s completely a lack of trust in the DAO governance mechanism.

View OriginalReply0

GasFeeCry

· 01-06 02:44

509 can't move, RSI is already at 68.9, still want to go up? Wake up, everyone.

View OriginalReply0

MetaverseLandlord

· 01-06 02:24

509 that line is really a hurdle. It feels like a correction is coming after this drop. RSI is already at 68.9, still want to go up? Dream on, with such obvious overbought conditions, who dares to chase higher? The MACD just gave a death cross, the momentum is really starting to fade, be careful of catching the falling knife. This rhythm looks a bit dangerous, need to reduce positions. ZEC's recent rally has been quite sufficient, and the short-term resistance is indeed strong. Honestly, I'm a bit anxious about my holdings now, I feel I should take some profits. With such obvious technical warnings, should I sell or hold on?

View OriginalReply0