Zcash Rebounds 6% as 50-Day SMA Comes Into View
- —Tuesday's range ran from about $1,118 to $1,232 after a $1,151 open
- —ZEC sits about 28% below its late-September peak near $1,690
- —RSI has turned up to about 49, nearing the 50 midpoint
- —Next resistances are the 50-day SMA near $1,270 and the 0.236 Fib at $1,350
Why it matters: A daily close above the 50-day SMA would confirm the channel breakout and open the way toward $1,350.
Source: Coindoo