Markets· ★★· neutral·

Zcash needs daily close above $1,277.62 to confirm bullish reversal

  • —ZEC trades at $1,234.17 with daily RSI at 46.7, below its midpoint
  • —A daily close above $1,277.62 (EMA20) would confirm recovery toward $1,291.97
  • —A close below $1,189.44 (EMA50) would expose support at $1,183.48
  • —Daily MACD histogram remains negative but its magnitude is narrowing
Why it matters: Zcash is attempting a recovery after a double-digit drop, but the daily structure has yet to confirm a reversal — the EMA20 and EMA50 levels will set the direction.
#ZEC
Source: Cryptonews.net
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