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Summary
• ZEC/USDT tested key support around $525, with rejection forming a bullish engulfing pattern.
• Volatility spiked during the 13:30 ET sell-off, with $530–535 acting as a strong resistance cluster.
• RSI entered oversold territory twice, suggesting potential for a short-term bounce.
• Bollinger Bands expanded during the late ET sell-off, indicating rising uncertainty in sentiment.
• Turnover surged during the $523–$525 consolidation, suggesting increased accumulation by larger players.
Zcash/Tether (ZECUSDT) opened at $532.26 on 2025-12-30 12:00 ET, hit a high of $539.13, and fell to a low of $515.38 before closing at $525.53 on 2025-12-31 12:00 ET. The 24-hour volume amounted to 265,039.29
, with a total notional turnover of $138,000,656.22.Price action revealed a strong bearish breakdown during the early ET session, with a key swing low at $525.53. The subsequent bullish engulfing pattern near the $525–$528 range suggests short-term buyers stepping in. A notable doji formed at $529.11, signaling indecision and a potential turning point before the final close. Key resistance levels include $530–535 and $538–540, while $523–525 has become a critical support cluster.

On the 5-minute chart, the 20-period and 50-period moving averages crossed below key price levels, reinforcing bearish momentum. On the daily chart, the 50-period MA has crossed below the 100-period MA, indicating a bearish bias over the medium term. The 200-period MA appears to be acting as a dynamic resistance, limiting upside potential.
The RSI for the 5-minute chart entered oversold territory during the $522–525 consolidation, hinting at a potential short-term bounce. The MACD showed a bearish crossover early in the session, but a narrowing histogram suggests slowing downside momentum.
Volatility surged during the 13:30–14:30 ET window as price dropped from $515.38 to $507.03. Bollinger Bands expanded during this period, reflecting heightened uncertainty. The price has since returned to the upper band several times, indicating a potential retest of key resistance levels.
The recent $525–539.13 swing shows 38.2% retracement at $534.52 and 61.8% at $529.34. The 24-hour low of $515.38 aligns with the 78.6% retracement of the $500–539.13 swing, suggesting a possible support zone if price retreats further.
Price may find near-term direction based on the breakout of the $525–528 consolidation. A break above $530 could attract new buyers, but the risk of a pullback to $520–518 remains high. Investors should watch for confirmation on either side and be cautious of a potential retest of key support and resistance levels in the coming 24 hours.
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