Zcash rebound stalls below $1,175 resistance as hourly momentum fades
- —Daily RSI at 42.0 signals weak momentum; hourly RSI has slipped to 61.7
- —A break of $1,175.37 would target the EMA50 at $1,183.33 and EMA20 at $1,240.65
- —An hourly close below $1,158.53 would invalidate the rebound scenario
- —Fear & Greed Index sits at 59, in Greed territory
Why it matters: The ZEC rebound remains corrective until a daily close above $1,175 confirms it.
Source: The Cryptonomist