ZEC's recent performance is indeed worth paying attention to. The current price is around $428.37, showing a general correction trend, which often hides opportunities.
From a technical perspective, the RSI has fallen to 25.7, clearly in the oversold zone. This extreme position usually indicates that short-term selling pressure has been quite sufficient, and the possibility of a rebound is increasing. The support level is set at $415.52, which is a key defensive point below. If the price can stabilize at this level, the rebound potential will be quite significant.
Looking upward, the resistance level is at $441.22, with an intermediate breakout point at $436.94. The order of breaking these levels is important—first confirm whether $436.94 can be effectively held, then consider the sustainability of the upward move.
To be honest, the current correction is more about testing participants' endurance. Truly confident investors won't panic and exit due to short-term fluctuations. But on the other hand, position management cannot be ignored. The market will always give more opportunities to calm and rational traders, while over-leveraged participants are more likely to be shaken out.
If the price can effectively break through the $436.94 barrier, there could be a pretty good upward space afterward. But before that, it's better to observe and wait. No need to rush; after all, trading is like cultivation—mindset and strategy often determine the final success or failure.
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BoredStaker
· 01-08 19:56
ZEC's recent oversold condition indeed looks quite intense, with RSI already at 27, feeling like it's just waiting there for people to buy the dip... However, the 436.94 level must be held firmly, or else there's more downside to come.
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MEVHunterNoLoss
· 01-08 19:49
It's another test of your mindset. Even though RSI has broken below, you're still hesitating. The real chips have already been washed out long ago.
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ImpermanentSage
· 01-08 19:29
ZEC's RSI is oversold at 25.7 this wave. To be honest, it's a bit harsh... But these extreme levels are actually the biggest test of mentality. Those rushing to buy the dip are often the ones buried the deepest. Let's wait for the $436.94 level; if it's broken, then we'll talk.
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GateUser-6bc33122
· 01-08 19:29
Wait, RSI has dropped to 25.7? Is this guy trying to buy the dip or just fishing? I'm a bit nervous.
ZEC's recent performance is indeed worth paying attention to. The current price is around $428.37, showing a general correction trend, which often hides opportunities.
From a technical perspective, the RSI has fallen to 25.7, clearly in the oversold zone. This extreme position usually indicates that short-term selling pressure has been quite sufficient, and the possibility of a rebound is increasing. The support level is set at $415.52, which is a key defensive point below. If the price can stabilize at this level, the rebound potential will be quite significant.
Looking upward, the resistance level is at $441.22, with an intermediate breakout point at $436.94. The order of breaking these levels is important—first confirm whether $436.94 can be effectively held, then consider the sustainability of the upward move.
To be honest, the current correction is more about testing participants' endurance. Truly confident investors won't panic and exit due to short-term fluctuations. But on the other hand, position management cannot be ignored. The market will always give more opportunities to calm and rational traders, while over-leveraged participants are more likely to be shaken out.
If the price can effectively break through the $436.94 barrier, there could be a pretty good upward space afterward. But before that, it's better to observe and wait. No need to rush; after all, trading is like cultivation—mindset and strategy often determine the final success or failure.