ZEC Analysis



The hourly chart shows a violent surge of 23.51% to a high of 331.92, with bullish momentum exhausted, indicating a potential top after a sharp rise.

The price has deviated significantly from the upper band, needing to revert to the mid-band at 302.53. The overbought zone is turning downward, showing a death cross signal. After the surge, trading volume has decreased, with no follow-through from buyers.

Trading suggestion: 330-335 range, with targets at 300-280-260. Long-term view around 200. $BTC $GT $ETH
BTC5.28%
GT2.01%
ETH8.4%
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