Zcash (ZEC) has extended its sharp rally, now up more than 240% in the past month and over 30% in just the last 24 hours. At $170, the price has reached a level not seen in years, reflecting strong momentum supported by growing volume and rising interest across exchanges.
This recent move continues a broader trend that began in late September. Since then, ZEC has broken through previous resistance zones with minimal corrections. Momentum indicators and volume data both confirm that buying pressure remains strong. However, technical signals now suggest that ZEC could be entering a more complex phase of the trend.
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Technical Setup and Possible Turning Points
The RSI(14) is currently at 75, and the shorter-term RSI(7) is at 73. These readings are slightly lower than last week’s extreme values but still suggest overbought conditions. At this level, it’s common for momentum to slow down, even if the broader trend remains bullish.
The price is also approaching the upper limit of the Bollinger Bands, currently around $182. This level has now become a key point to watch. If ZEC breaks above that resistance zone with volume support, it would confirm continued strength. If not, the chart could move into a consolidation phase or show the first signs of a short-term reversal.
Support levels are not yet under pressure, but traders may look toward the $150–$155 range if there’s a pullback. As of now, no clear topping pattern has formed, but indicators suggest the market is no longer in the early phase of the move.
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Where the Indicators Stand Now
At this stage, the indicators are mixed. On one hand, the price trend remains upward, and no strong reversal signals have appeared. On the other, RSI and Bollinger Band conditions now reflect a stretched move that could slow down or consolidate. The $182 level is a clear resistance zone in this structure. How the price behaves around that level will likely shape what happens next.
As always, remember that technical analysis is not predictive on its own. It can highlight when momentum is strong or fading, but it can’t measure the impact of sudden news, broader market moves, or changes in sentiment.
