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Summary
• ZEC/USDT formed bullish engulfing patterns during key 5-minute rallies.
• Price traded above 20- and 50-period moving averages, indicating short-term strength.
• RSI suggested overbought conditions during peak hours, with a pullback observed.
• Volatility expanded after 04:30 ET, with a surge in volume and turnover.
• Bollinger Bands tightened before a sharp move higher, signaling a breakout.
Zcash/Tether (ZECUSDT) opened at $388.87 (12:00 ET – 1) and closed at $410.61 (12:00 ET), reaching a high of $425.61 and a low of $387.29. The 24-hour volume was 126,177.79 ZEC, with $53,224,250.64 in notional turnover.
Structure & Formations
Bullish engulfing patterns emerged between 04:30 and 05:00 ET, suggesting short-term buying interest. A bearish reversal was attempted around $415–417, but it failed due to strong volume support. The price appears to be consolidating above a dynamic support level at $410.61, with a key resistance zone forming near the high of $425.61.
Moving Averages
On the 5-minute chart, ZEC/USDT traded above both the 20- and 50-period moving averages for much of the session, reinforcing a short-term bullish bias. The 20-period MA crossed above the 50-period MA early in the 24-hour period, forming a potential golden cross signal.
MACD & RSI

Bollinger Bands
Bollinger Bands contracted between 02:45 and 04:15 ET, followed by a sharp breakout above the upper band at $425.61. Price has since remained within the upper third of the band, suggesting high volatility and a strong bullish phase.
Volume & Turnover
Volume surged during the breakout from $420–425, with a 5-minute bar showing 12,617.78 ZEC traded — the highest of the session. Turnover aligned with volume, showing no divergence between price and value traded. This reinforces the legitimacy of the breakout.
Fibonacci Retracements
Fibonacci levels for the $388.2–425.61 swing identified a 61.8% retracement at $406.50, which acted as a short-term support. Price has now retested the 50% level near $406.90 and could attempt a new high if buyers hold above $415–417.
ZEC/USDT appears to be consolidating after a strong bullish move, with momentum likely to test key resistance levels in the coming 24 hours. Traders should watch for a break of the recent high or a pullback to the 50–60 RSI zone for potential reversal signals.
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