$ZEC is trading around $403 after dropping from its high near $736. The price fell for some weeks but is now starting to show small signs of settling.
The short moving average is turning upward a bit, which means buyers are beginning to show interest again. The wider moving averages are still above the price, so the coin is not fully strong yet.
The RSI is around 46 which is in the middle range. This means the market is neither hot nor cold. If
$ZEC can hold above this level and push toward the $450 to $500 area, it may start a slow recovery.
For now,
$ZEC looks like it is trying to bounce after a long fall, but it still needs more buyer strength to confirm a real comeback.
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