ZEC Rises 5.18% on October 12, but Technical Signals Remain Mixed
- —ZEC trades at $1,282.25, up 5.18% on the day, intraday range $1,220.99–$1,294.21
- —Daily volume of $888.52 million is 34.2% below the 30-day average of $1.35 billion
- —RSI at 48.7 is neutral, while MACD histogram stays negative at -35.64
- —Price holds above SMA-5, SMA-7, SMA-10 and SMA-50 but remains below SMA-15, SMA-20 and SMA-30
Why it matters: The rally lacks volume confirmation and MACD remains bearish, keeping reversal risk alive; a break above $1,294.21 is needed to sustain momentum.
Source: DiarioBitcoin