Zcash/Tether (ZECUSDT) Market Overview

Summary
• ZECUSDT rallied 13% in the last 24 hours, breaking above $450 and testing $480.
• Rising volume confirmed the breakout with a peak of $389.11k in the final hour.
• Overbought RSI conditions suggest a potential consolidation ahead.

Zcash/Tether (ZECUSDT) opened at $388.59 on 2025-11-04 12:00 ET, touched a high of $497.50, and closed at $491.81 by 12:00 ET on 2025-11-05. Total trading volume was 389,105.78 ZEC, with a notional turnover of approximately $189.5 million, showing strong buyer participation during the rally.

Structure & Formations

Price moved in a clear upward bias with a series of bullish engulfing patterns following the initial $380–$390 consolidation. A strong breakout candle formed at $477.99–$484.45, confirmed by high-volume action. A bearish harami at the top of the $480–$490 range hints at potential resistance clustering.

Moving Averages

The 20- and 50-period SMAs on the 15-minute chart accelerated upward during the rally, aligning with the $460–$470 breakout. For the daily chart, the 50- and 100-day SMAs are in bullish alignment, with the 200-day SMA acting as a prior support level ($380–$400). Price currently holds above all key moving averages.

MACD & RSI

The MACD crossed above the signal line mid-day, confirming the momentum surge. RSI reached 75+ in the final hours of the session, indicating overbought conditions. While this may not trigger immediate selling, a pullback into the 60–65 range could signal a continuation of the bullish trend.

Bollinger Bands

Volatility expanded significantly as price broke out of the $430–$450 range. Bollinger Bands widened from a 10-period standard deviation of $12 to $25. Price is currently at the upper band edge ($490–$495), suggesting a possible retracement to the midline or lower band for consolidation.

Volume & Turnover

Volume increased steadily from 5,000 ZEC to over 38,000 ZEC per 15-minute bar in the final hours, with turnover rising into the $9 million to $12 million range per period. Price and volume aligned during the $470–$480 breakout but began to diverge slightly near the $490 level, suggesting potential for profit-taking or short-term profit locking.

Fibonacci Retracements

Recent 15-minute swings from $450 to $480 showed strong support at the 38.2% ($466) and 61.8% ($477) levels. Daily Fibonacci levels suggest key resistance at $497.50 (61.8% of the $430–$490 move), which was briefly tested. A break above could target $505–$515, but this may require higher volume confirmation.

Backtest Hypothesis

To conduct a backtest using the RSI strategy—specifically, entries when RSI crosses below 70 after being above—ZECUSDT needs a confirmed RSI feed. The current issue appears to stem from a symbol mismatch or data source limitation. To proceed:

1. Confirm or adjust the symbol: Try formats like ZECUSDT.BINANCE or ZEC/USDT to match the provider’s required structure.
2. Use an alternate data source: If Binance or Kraken does not return an error, we can use one of those.
3. Provide custom RSI values: If you can supply RSI readings for ZECUSDT over the period (e.g., 2022-01-01 → 2025-11-05), we can run the backtest directly.

Once the symbol is resolved or the RSI data is provided, we can generate RSI-based entry/exit signals and simulate the strategy over the requested period.

Over the next 24 hours, ZECUSDT may test the $500–$505 resistance cluster or retrace to the $480–$485 level, where support appears to be strengthening. Investors should watch for a break of the $500 barrier with follow-through volume or a sharp reversal below $485 to gauge the trend’s sustainability.