1. Continuous capital inflow, strong support from contract market buying, significant 24H increase of +8.34%, ample bullish momentum.
2. 4-hour MACD golden cross continues, bullish momentum bars are expanding and remain above the zero axis, indicating a clear mid-term uptrend.
3. RSI(14) is at the 63 level, close to overbought but no divergence has appeared; upward momentum is still being released.
4. Price has broken through the previous consolidation center, with healthy volume-price coordination. Capital support and trend resonating, validating the effectiveness of the uptrend.
1. $370.00 (round number level, short-term resistance)
2. $385.00 (previous high, strong resistance)
Suggested take profit: $380.00, stop loss: $348.00
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.
$ZEC Current price: $362.69
Direction: Bullish
Reasons:
1. Continuous capital inflow, strong support from contract market buying, significant 24H increase of +8.34%, ample bullish momentum.
2. 4-hour MACD golden cross continues, bullish momentum bars are expanding and remain above the zero axis, indicating a clear mid-term uptrend.
3. RSI(14) is at the 63 level, close to overbought but no divergence has appeared; upward momentum is still being released.
4. Price has broken through the previous consolidation center, with healthy volume-price coordination. Capital support and trend resonating, validating the effectiveness of the uptrend.
Support levels:
1. $350.00 (recent consolidation upper edge, strong intraday support)
2. $345.00 (MA20 moving average, strong support)
Resistance levels:
1. $370.00 (round number level, short-term resistance)
2. $385.00 (previous high, strong resistance)
Suggested take profit: $380.00, stop loss: $348.00