ZEC Jumps 9.68% on October 16, but Technical Signals Remain Mixed
- —ZEC trades at $1,221.03 with a market cap of $20.65 billion
- —Volume of $1.59 billion is 22.21% above the 30-day average
- —RSI at 46.8 and bearish MACD do not confirm a breakout
- —Reported 9.68% gain does not match the prior close of $1,207.32
Why it matters: ZEC's rally coincided with Bitcoin's rebound above $80,000, but without technical confirmation the sustainability of the move remains uncertain.
Source: DiarioBitcoin