Summary
•
broke key support at $436.93, closing below it with bearish confirmation.
• Volume surged during the 0230-0330 ET window, indicating heightened bearish interest.
• RSI entered oversold territory near 30, hinting at potential short-term stabilization.
• Bollinger Bands tightened prior to the breakdown, signaling increased volatility.
• The 20-period 5-min MA dipped below the 50-period MA, reinforcing bearish bias.
At 12:00 ET on 2025-12-26, Zcash/Tether (ZECUSDT) opened at $444.24, touched a high of $449.63, and fell to a low of $434.65 before closing at $441.79. Total volume reached 54,678.33 ZEC, with a notional turnover of $23,886,822.12 over the 24-hour window.
Structure and Price Action
ZECUSDT tested and broke a key support level at $436.93 during a session low at $434.65, confirmed by a bearish engulfing pattern. A large bearish candle at 2230 ET on 2025-12-25 marked the initial breakdown, followed by a continuation phase on elevated volume. A bullish reversal candle emerged near $440.50, but failed to reclaim the $443.00 psychological level.
Moving Averages and Momentum
The 20-period 5-min moving average crossed below the 50-period MA, signaling short-term bearish momentum. Over the daily chart, the 50-period MA remains above the 100- and 200-period MAs, suggesting a more balanced trend in the medium term. RSI reached oversold levels near 30, hinting at potential short-covering or pullback, while MACD turned negative with a bearish crossover.
Volatility and Volume
Bollinger Bands tightened between $440 and $445 on the 5-min chart before the price dropped sharply, suggesting a period of consolidation ended. Volume spiked during the 0230-0330 ET window, confirming the breakdown. Turnover increased by nearly 12% during the 2-hour window, aligning with the move below $436.93.
Risk Outlook
ZECUSDT could test the next key support at $432.00, which may trigger stop-loss orders. A short-term rebound toward $445.00 is plausible, but a sustained move above $447.50 would be needed to reinvigorate bullish sentiment. Investors should remain cautious of potential volatility amid a mixed indicator setup.
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