Markets· ★★· neutral·

ZEC at $1,299: up 6.57% from the open but volume lags average

  • —Price sits above SMA-7, SMA-30 and SMA-90 but below SMA-50
  • —Volume of $802.4 million is 20.11% below the 30-day average
  • —Resistance at $1,319.45, support at $1,213.36; RSI at 54 is neutral
  • —NU7 upgrade due around Nov. 5 is a catalyst; CoinShares ETP delay in Paris weighs
Why it matters: The rally lacks volume confirmation, so a close above $1,319.45 on rising turnover is needed to validate a breakout.
Source: DiarioBitcoin