ZEC drops 8.05% to $1,322.86, testing key technical support
- —ZEC trades at $1,322.86, down 8.05% on the day
- —24-hour volume of $1.04 billion is 30.71% below the 30-day average
- —Price sits below SMA-5, SMA-7, SMA-10 and SMA-20, but above SMA-30
- —MACD histogram at -43.37, RSI at 49.8, stochastic at 10.5
Why it matters: The break below short-term averages and VWAP on weak volume points to further downside risk for ZEC unless support at $1,280 holds.
Source: DiarioBitcoin