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Key Takeaways
- ZEC at $574, up 69% in one month.
- This zone triggered the November downtrend and rejected the December retest.
- All three MAs below price.
- 200 MA reclaimed in April breakout.
- RSI at 85.95 against signal of 69.65.
- Upper macro target: ~$750 descending trendline
- Macro support: $200-$210.
The $575–$590 zone is not a random technical level. Zcash first lost momentum in November after peaking above $700 near the upper resistance line. From there, price started to unwind sharply and later broke through the $575–$590 area as the decline accelerated.
That same zone then became important again during the recovery attempt that followed. After the initial selloff, ZEC tried to reclaim the area in late November and December, but ...
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