Summary
•
broke above 440 on bullish momentum, forming a bullish engulfing pattern near 436.
• RSI suggests overbought conditions, and volatility is expanding beyond Bollinger Bands.
• Volume surged during the 8:00–9:00 ET window, confirming a breakout above key resistance.
Zcash/Tether (ZECUSDT) opened at $419.88 on 2026-01-14 12:00 ET, reaching a high of $444.77 and a low of $415.41, closing at $439.69 at 12:00 ET on 2026-01-15. Total 24-hour volume was 268,760.96 ZEC, with a notional turnover of approximately $115.6 million.
Structure & Formations
Price broke above the 440.0 resistance on a strong bullish engulfing pattern around 436.66–439.43. A key support level was identified near 429.0–431.0, where price retested multiple times. A bearish divergence at 444.77 suggests potential reversal risk.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages crossed to the upside in the last 4 hours. The 50-period MA on daily data is now aligning with the 200-period MA, suggesting a potential consolidation phase.
MACD & RSI
The MACD turned positive and crossed above the signal line around 439.0, suggesting rising bullish momentum. RSI reached 72 in the last 2 hours, entering overbought territory, which could signal a pause or pullback in the short term.
Bollinger Bands
Price has expanded beyond the upper Bollinger Band for the past 3 hours, indicating increased volatility. The recent consolidation between 435.0 and 439.0 was a period of band contraction, which has now led to a breakout.
Volume & Turnover
A volume spike occurred between 8:00–9:00 ET, confirming the breakout above 440.0. However, the last 2 hours have seen declining volume despite rising price, suggesting weakening conviction. Notional turnover has remained steady, with no major divergences.
Fibonacci Retracements
The 61.8% Fibonacci level of the recent swing (415.41–444.77) sits at approximately 435.0–436.0. Price has tested and rejected this level twice, forming a potential support area. The next key level to watch is the 78.6% at ~442.0.
Looking ahead, price may consolidate in the 439.0–442.0 range before testing the 445.0–448.0 area. Investors should watch for confirmation of bullish momentum or signs of bearish reversal in the next 24 hours.
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