#密码资产动态追踪 ZEC's recent trend is quite interesting. Let's not look at the daily chart for now, just focus on the 4-hour chart—KDJ has surged to 86. According to conventional logic, this is considered overbought, but that's just a short-term phenomenon. What about the daily chart? I haven't really seen any particularly overbought signals.

To talk about the price action supporting daily overbought conditions, ZEC has risen over 10% in the past day, reaching a high of $414.79, which sounds pretty good. But looking further back, it has fallen nearly 17% in 7 days, and over the past two weeks, the decline has reached 22%. Plus, with the issues surrounding the development team, market confidence has indeed been shaken. Many analysts are still pondering whether it might drop another 40%-50%. Under this major trend suppression, forming an effective daily overbought condition? That's difficult.

From the MACD perspective on the 4-hour chart—although the histogram is still positive, it has been decreasing. What does this indicate? It suggests that the bullish momentum is gradually waning. Short-term rebounds are easy, but for a sustained rally that causes the daily chart to show true overbought conditions? The probability isn't very high. Overall, ZEC is currently in a relatively weak phase.