$zec is cooling off, but the setup still has some fire in it.
$ZEC /USDT is trading at $471.7 on KuCoin, down -5.8% today, after pulling back from a recent high of 589.23 and a deeper bottom around 368.28. Here's what the chart is showing:
24h High: $504.17 / 24h Low: $469.93 Price is chopping around near the lower end of today's range.
EMA5: 492.58 | EMA10: 494.74 | EMA30: 493.78 All three short-term averages are sitting above the current price, meaning ZEC is trading *below* its recent averages a short-term bearish sign.
RSI6: 31.08 | RSI12: 42.10 | RSI24: 47.53 The 6-period RSI is dipping into "oversold" territory, hinting a bounce could be near, but the longer RSIs are still just neutral.
24h Volume: 52.25K ZEC (~$25.64M USDT) Solid trading activity, so there's real interest either way.
So is this just a healthy pullback before another push up, or the start of a deeper slide? What's your read? 👇
#ZEC #Zcash #CryptoTrading #kucoin
