Market Overview for Zcash/Tether (ZECUSDT)

Tuesday, Dec 9, 2025 11:48 am ET1min read
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- ZECUSDT formed a bullish engulfing pattern near $405, indicating short-term buying interest amid a $403–$425 trading range.

- RSI hit overbought levels above $445, while Bollinger Bands expanded during a $430–$440 volatility spike with $60M turnover.

- Fibonacci retracements highlight $430 (50%) and $423 (61.8%) as key levels, with price testing resistance amid mixed momentum signals.

- Volume surged 12:00–16:00 ET as price approached $450, but a breakdown below $425 could trigger a pullback to $410–$415.

Summary
• ZECUSDT formed a bullish engulfing pattern near $405, suggesting short-term buying interest.
• Price traded in a $403–$425 range, with 20-period MA supporting a $410 pivot.
• RSI signaled overbought conditions in late ET hours, indicating possible near-term consolidation.
• Volatility surged during the 12:00–16:00 ET window, with peak turnover near $430.
• Bollinger Bands showed a moderate expansion, reflecting increased market participation.

At 12:00 ET on 2025-12-09, Zcash/Tether (ZECUSDT) opened at $422.62, reached a high of $449.98, a low of $390.40, and closed at $441.99. Total volume for the 24-hour period was 337,142.57 ZEC, with notional turnover of approximately $145.1 million.

Structure & Key Levels


Price action formed a bullish engulfing pattern near the $405 level and a morning star formation around $410–$415, suggesting potential short-term support. Resistance emerged at $425–$430, where price faced multiple rejections. A doji formed at $435, signaling indecision, while the 50-period MA (~$415) and 20-period MA (~$412) appear to have provided dynamic support.

Momentum and Volatility


The RSI surged into overbought territory in late ET hours, particularly after the price moved above $445, hinting at a possible pullback. MACD crossed into positive territory during the 15:00–16:15 ET window, confirming renewed upward momentum. Bollinger Bands expanded during a key volatility spike, with price hovering above the midline, indicating bullish bias.

Volume and Turnover


Volume spiked during the 12:00–16:00 ET window, especially around $430–$440, where notional turnover reached a peak of over $60 million. There was some divergence in volume during the 16:30–18:00 ET pullback, suggesting mixed buyer and seller intent.

Key Retracements and Projections


Fibonacci retracements of the recent $390–$449.98 rally identified key levels at $438 (38.2%), $430 (50%), and $423 (61.8%). Price appears to have found near-term support at the 61.8% level and is now testing the 50% retracement.

The market may continue to consolidate above $430 if buyers can hold above this level, potentially targeting $445–$450. However, a breakdown below $425 could trigger a test of $415–$410 in the next 24 hours. Investors should remain cautious, as high volatility and mixed momentum indicators suggest a period of uncertainty ahead.