Reason: The news indicates that ZEC contract funds are unusually active and continuously flowing in, releasing a clear bullish signal. The 24-hour increase is 10.05%, reflecting high market bullish sentiment. Signs of main capital entering the market are evident. Technically, the 1-hour chart shows all moving averages in a bullish arrangement, RSI is at a reasonable 58 level and not overbought, and the MACD red histogram continues to expand, indicating strong bullish momentum. The 15-minute chart shows a volume breakout above the short-term resistance at 515, with trading volume increasing by 33% compared to the first half-hour. Buying momentum is strong, and both the fundamentals and technicals are resonating positively. The short-term upward logic is clear, but attention should be paid to high-level volatility and the risk of profit-taking and exit.
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.
$ZEC
Current price: $519.37 Long position
Reason: The news indicates that ZEC contract funds are unusually active and continuously flowing in, releasing a clear bullish signal. The 24-hour increase is 10.05%, reflecting high market bullish sentiment. Signs of main capital entering the market are evident. Technically, the 1-hour chart shows all moving averages in a bullish arrangement, RSI is at a reasonable 58 level and not overbought, and the MACD red histogram continues to expand, indicating strong bullish momentum. The 15-minute chart shows a volume breakout above the short-term resistance at 515, with trading volume increasing by 33% compared to the first half-hour. Buying momentum is strong, and both the fundamentals and technicals are resonating positively. The short-term upward logic is clear, but attention should be paid to high-level volatility and the risk of profit-taking and exit.