đ ZEC/USDT Chart Analysis and prediction
The ZEC/USDT 4-hour chart shows a notable bullish momentum as prices have surged by 13.19% to reach $38.18. Hereâs a detailed breakdown:
đ Key Indicators
âą Bollinger Bands: The price has broken out of the middle Bollinger Band, moving closer to the upper band at $38.87. This breakout could suggest the start of an upward trend if momentum holds.
âą RSI: Currently, the RSI indicators (6, 12, and 24 periods) are at 73.62, 64.04, and 57.39, showing the asset entering an overbought region. This signals strong buying interest, though caution is needed as overbought conditions may trigger pullbacks.
âą MACD: The MACD is in the positive territory, with a value of 0.45, and the DIF line (0.13) has crossed above the DEA (-0.32), indicating potential bullish momentum.
đ Moving Averages
âą MA(5): 39,695.315 volume, reflecting recent buying activity.
âą MA(10): 25,322.136 showing a rising trend, signaling buying pressure is higher than the previous average.
đ
Docâs Prediction
If ZEC maintains momentum above the middle Bollinger Band, we could see a continued push towards $40+ in the short term. However, if the RSI levels remain high, a correction might occur, potentially bringing prices back to the support zone around $35-$36 before the next rally.
$ZEC
{spot}(ZECUSDT)
#BinanceBlockchainWeek #USJoblessClaimsDip #BTCETFDemandSurge #CryptoPreUSElection #TeslaBTCQ3HoldingsStable