- The price rallies as the recovery phase ends after the FTX crunch.
- Trading volume shoots up by 20% and values to around $74 million.
- Its BTC valuation rises by 8.5% amounting to $0.002622.
The winter vacation for the crypto market comes to an end as many outshine other currencies and make it to the top. Currently, the market is segregated into two, the losers and the gainers. Zcash gains as the price escalates to reach the same price level from where it starts to drip down. It marks the initial stages of the uptrend. The market is in the transition phase, where users are changing preferences after the turmoil that occurred.
The chart show
The price forms a rising parallel channel and hints toward an upcoming breakout with greater force. It records smaller bars of volumes, indicating few players but highly influential. The price moves closer to the upper border of the Bollinger bands. It also reached the 20-EMA and may very soon reclaim the 50-EMA.
The CMF indicator surges beyond the 0-mark level and maintains the same momentum till the rally continues. The MACD indicator has converged and split slightly as the upward trend begins. The divergence may steadily widen with the ongoing trend. The RSI indicator moves straight up to the zone where buyers are more active. It may move higher and become overbought.
4 ម៉ោង POV
The RSI indicator moves to the overbought zone beyond the 70-mark level. It may float within the same bounds as prices rise further. The MACD indicator moves diverged with smaller gaps as the trend needs more pace to cause sharp divergence. The CMF indicator floats in the upper zone and continuously marks uptrends for ZEC.
សន្និដ្ឋាន
The market has started to recover and gain the users’ attention as it steadily overcomes the setback and rejoins the race to be the best. The survivors show the genesis of price rallies while the victims are still drowning.
កំរិតបច្ចេកទេស
កំរិតគាំទ្រ៖ ១.៥០ ដុល្លារនិង ១,៤០ ដុល្លារ
កម្រិត Resistance: ២,០០ ដុល្លារនិង ២.៥០ ដុល្លារ
ការមិនទទួលខុសត្រូវ
ទស្សនៈ និងគំនិតដែលសរសេរដោយអ្នកនិពន្ធ ឬមនុស្សណាម្នាក់ដែលមានឈ្មោះក្នុងអត្ថបទនេះគឺសម្រាប់តែគំនិតព័ត៌មានប៉ុណ្ណោះ ហើយពួកគេមិនបង្កើតហិរញ្ញវត្ថុ ការវិនិយោគ ឬដំបូន្មានផ្សេងទៀតទេ។ ការវិនិយោគលើ ឬជួញដូរទ្រព្យសកម្មគ្រីបតូមកជាមួយហានិភ័យនៃការបាត់បង់ហិរញ្ញវត្ថុ។
Source: https://www.thecoinrepublic.com/2022/11/24/zcash-tries-to-return-back-to-spot-where-it-all-started-a-slight-breakout/