1 month ago
15
Key Takeaways
- Immediate resistance sits around $815-$825.
- The main support zone extends from $755 to $770.
- Daily RSI has retreated from above 80 toward 70.
- Futures turnover greatly exceeds reported spot activity.
ZEC’s rally narrows into a $755-$825 range
The current structure developed after ZEC cleared the resistance levels that had contained it during July and early August. Our previous analysis followed the break above $512, when buyers were still attempting to recover $550.
Price subsequently crossed $550 and accelerated toward $880. Daily volume expanded during the strongest stage of the advance, showing that participation increased as ZEC moved through its previous trading range.
Sellers began appearing earlier after the August peak. The resulting sequence of lower highs forms a descending line that currently passes through approximately $815-$825.
The lower boundary sits close to $765. Intraday wicks have reached beneath that line, broadening the practi...
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