ZEC's recent performance is indeed worth paying attention to. The current price is around $435.75. From a technical perspective, the RSI has already surged to 76.1, clearly entering the overbought zone. This indicates a strong short-term rally with ample buying momentum, but it also suggests an increasing likelihood of a correction.



In terms of price structure, the key support level is at $422.68, while resistance is at $448.82. More importantly, the position at $444.47—if a successful breakout occurs here—could trigger a new upward movement. Liquidity tends to be lower during the early morning hours, which may lead to larger fluctuations, so trading during this period requires extra caution.

Fundamentally, as a privacy coin, ZEC's core competitive advantage has always been privacy protection. Recently, there have been many positive developments in the ecosystem, such as new projects launching and increased community activity, which support the price. The overall enthusiasm for the privacy sector is also rising, providing some emotional momentum for ZEC.

Strategically, it’s advisable to continue observing in the short term and consider increasing positions only after confirming a breakout above $444.47. However, risk management should always come first—properly controlling individual positions and avoiding excessive leverage. Market volatility is normal; maintaining a stable mindset and good position management are often more important than perfect timing. For those monitoring markets late at night, remember to balance work and rest.
ZEC4,17%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MidsommarWalletvip
· 7h ago
ZEC this wave is a bit risky, RSI is already at 76 and still pushing, it's exhausting Wait, can it really break 444? Feels a bit risky Privacy coins are heating up again? By the way, ZEC has indeed been less prominent over the years Exactly, don't mess around in the early morning, liquidity is dead But every time I see the phrase about risk management, I want to laugh. How many actually do it? Those trading ZEC are all thinking about breaking 444, but I'm more concerned about when it will pull back Is the privacy track heating up? Or is it just ZEC bouncing around there Could this be another false alarm? Last time, they said it would break through and it just suddenly happened If the 424 support can't hold, it will go down directly Honestly, watching the market in the early morning is just asking for trouble. I advise everyone to just sleep Is there anything new in the ZEC ecosystem, or are old projects just hyping concepts again? It's already 2024, and we're still talking about privacy coins as the next big trend. Just thinking about it is a bit funny
View OriginalReply0
DefiVeteranvip
· 7h ago
RSI76 is directly overbought, this wave of ZEC might need to pull back, so what are we waiting for, 444? --- Privacy coins do have some momentum, but trading in the early hours really requires caution; low liquidity makes it easy to be hammered. --- As long as the $422 support holds, there’s still hope; breaking it would be dangerous. Who will come to the rescue? --- People who constantly talk about risk management are the ones with the heaviest positions in the end. I’ll just watch quietly and see how it unfolds. --- ZEC this round is a bit like last year’s pattern—popularity is up, but the fundamentals can’t keep up. Be careful not to chase the high, everyone.
View OriginalReply0
FlatlineTradervip
· 7h ago
RSI 76.1 is indeed a bit overbought, but there is still some sentiment for privacy coins in this wave, just worried about a sharp drop... Wait until 444.47 breaks before entering, patience is still needed. The overnight market is too thin, I dare not operate, sleeping is more important. ZEC ecosystem is indeed gaining momentum, but don’t be fooled by the fundamentals; the technicals are the real thing. Even with such obvious overbought signals, if it keeps pushing in, don’t blame me if it gets hammered later. If privacy coins really take off, ZEC definitely has a chance, it’s just a matter of timing. Breaking @E5@ 422.68 is the real concern; no matter how good the hype, support levels matter. I think small tests are okay, but really don’t play with leverage, too soft-hearted for such a sharp tongue. The low liquidity during the early hours, many have been burned here, everyone should remember this lesson. 444.47 gives me the feeling that if it breaks, it’s heaven; if it doesn’t, it’s hell.
View OriginalReply0
0xDreamChaservip
· 7h ago
zec this wave, RSI is already at 76, still want to go higher? I think it's risky. If 444.47 can't be broken, it will have to pull back. The trading volume in the early morning is so low that I wouldn't dare to touch it.
View OriginalReply0
NotAFinancialAdvicevip
· 7h ago
Speaking of RSI 76 being so high, it's almost too hot to handle. Are you still chasing? I'm waiting for a correction. If $444.47 can't be broken, I'll keep sleeping. Trading in the early hours really results in heavy losses, especially for those staying up late chasing the trend. Don't ask me how I know. Privacy coins are really hot this wave, but ZEC's rapid rise makes it feel like a big move is coming. Be cautious, everyone. I only dare to act after dropping to $422.68. Why chase high at this level? The positive ecosystem news is good, but charts don't lie. Overbought is overbought. Isn't waiting more sensible?
View OriginalReply0
OldLeekMastervip
· 7h ago
zec this wave is a bit too fast, RSI has already reached 76, probably a pullback is coming Wait, do you really think 444.47 can break through? It feels uncertain Staying up late watching the market is really exhausting, sleeping is more comfortable The privacy coin sector has indeed started to pick up, but don’t be fooled by emotions Short-term bullish, but long-term still depends on fundamentals If the support at 422.68 breaks, it could be quite dangerous With good position control, you don’t have to fear any market condition Liquidity is poor in the early morning, I usually don’t trade then Overbought signals a correction is coming, everyone be careful
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)