ZEC has recently experienced a step-like rebound, with the current price hovering around $385. It is currently holding above the 25-hour moving average (374) and the 99-hour moving average (349), but still struggling below the very short-term moving average (388), overall leaning towards a mildly bullish outlook.
If it can break cleanly through the 395-400 resistance range, the upside potential will open up, with 420 to 450 being possible targets. Looking downward, around 374 is the first line of defense ((MA25 level)), with stronger support at the swing low of 301.
In terms of trading volume—there was indeed a surge in buying during the rally, but it has gradually tapered off since. The good news is that as long as the price stays above these moving averages, the uptrend remains intact.
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WhaleWatcher
· 7h ago
385 is in a bit of an awkward spot, stuck just below 388 and unable to break through. We'll have to see if this move can push hard past 400... The shrinking trading volume is a bit frustrating.
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FunGibleTom
· 8h ago
That 388 barrier needs to be broken soon, otherwise it's just empty hype. How can we play with such sluggish trading volume?
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MemeKingNFT
· 12-05 13:56
That 388 threshold is starting to torment people again. I've said before, this is just the main players' tactic for shaking out weak holders.
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NervousFingers
· 12-05 13:55
That resistance line at 388 needs to be broken, otherwise it will just keep fluctuating back and forth. The shrinking trading volume is a bit concerning...
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LongTermDreamer
· 12-05 13:51
Haha, it's the same old trick again. If it breaks 400, everything will be clear; if it can't hold, they'll say it's a healthy correction. I've been hearing this for three years.
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DaoTherapy
· 12-05 13:50
The 388 barrier is a bit annoying; let's see if we can break through 400 in one go.
ZEC has recently experienced a step-like rebound, with the current price hovering around $385. It is currently holding above the 25-hour moving average (374) and the 99-hour moving average (349), but still struggling below the very short-term moving average (388), overall leaning towards a mildly bullish outlook.
If it can break cleanly through the 395-400 resistance range, the upside potential will open up, with 420 to 450 being possible targets. Looking downward, around 374 is the first line of defense ((MA25 level)), with stronger support at the swing low of 301.
In terms of trading volume—there was indeed a surge in buying during the rally, but it has gradually tapered off since. The good news is that as long as the price stays above these moving averages, the uptrend remains intact.