Technical Analysis for $ZEC
/USDT
Current Price: $63.05 (Up +9.86% in 24 hours)
24h Range: Low: $53.66 | High: $63.15
Key Support & Resistance Levels:
Support: $60.54, $57.51
Resistance: $63.15, $63.57
Trade Momentum:
Bullish Momentum: The price has shown positive movement with an increase of 9.86% in the last 24 hours. The price remains above the support levels, indicating bullish sentiment.
Volume: 24.18M USDT in 24h volume, confirming active trading and strong interest.
Trade Signal & Target Levels:
1. Buy Signal: Above $63.15 (Breaking resistance)
Target 1: $64.50
Target 2: $66.00
Target 3: $68.00
2. Sell Signal: If the price dips below $60.00 (Support break)
Target 1: $57.50
Target 2: $55.00
Target 3: $53.66
Recommendation:
Bullish Strategy: Hold if price maintains above $63.15 and aim for $64.50 or higher.
Bearish Strategy: Set stop losses near $60.00 and exit if price falls towards $57.50.
Be sure to closely monitor price movements and adjust stop loss/targets accordingly.