$ZEC's +16% Candle: Relief Rally or Setup?
ZEC just woke up (as I am, lol). After weeks of bleeding and grinding lower, the price printed a strong daily bounce with +16% on the day. Treat it as the demand stepping in. 🤝
Here’s what matters 👇
• Price bounced from a key demand zone (~240–260)
• RSI was deep in oversold territory and is now curling up
• Short-term MA is getting challenged — momentum is shifting
• Volume spike confirms this move isn’t dead-on-arrival
🟢 Now, let’s be clear: this is not a confirmed trend reversal yet. The bigger structure is still bearish until ZEC reclaims the 290–300 zone with conviction. Until then, this is a relief rally with potential driven by
$BTC, not a free ride to the moon.
📈 Best case? Continuation toward 300–320, then we reassess.
📉 Worst case? Rejection + another range grind.
Trade smart. Don’t marry the pump. Let the market prove itself.
#BTC Price Analysis# #Bitcoin Price Prediction: What is Bitcoins next move?# #ZEC
