唐华斑竹 Analyzes ZEC Market Trends, Focuses on Key Support Range

According to Twitter user 唐华斑竹, the price of ZEC has retraced from $1699 to the current price of $1366.10, a decline of about 20%. The moving average system shows a bullish arrangement, with the 50-day EMA above the 200-day EMA. The RSI has fallen from the overbought zone to a neutral but weak position, the daily MACD histogram has turned green, and the Bollinger Bands are narrowing, with the amplitude of 30 candlesticks compressed to within 5%, indicating that low volatility compression may signal a trend change. The key support range is between $1280 and $1330; as long as the daily close does not fall below $1233, the upward trend remains intact. The NU7 upgrade has been activated on the testnet, reducing block time to 25 seconds, and the community vote supports a Bitcoin-style halving. The SEC has concluded its investigation into the Zcash Foundation, and the approval of Grayscale's ZCSH spot ETF has attracted capital inflows. Bitcoin's price remains stable, with Citigroup raising its target price to $113,000. The operational suggestion is to focus on the support zone between $1280 and $1300, with a stop-loss set below $1233.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.