Markets· ★★· neutral·

Zcash recovery stalls below $1,240 daily EMA20 resistance

  • —ZEC at $1,235.81 sits below EMA20 ($1,240.13) but above EMA50 ($1,191.32) and EMA200 ($809.91)
  • —Daily RSI at 48.4 and declining clashes with a positive MACD histogram
  • —Bullish trigger is an hourly close above $1,238.76; bearish below $1,230.59
  • —Total market cap $2.75 trillion (-3.04%), Fear & Greed neutral at 50
Why it matters: The upcoming NU7 upgrade tripling payment speed is a catalyst, but ZEC needs a close above EMA20 to confirm recovery.
#ZEC
Source: The Cryptonomist
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