Zcash Defies Gravity with RSI Over 90 and Expanding MACD Momentum

Zcash (ZEC) has maintained an impressive uptrend on the daily chart, with price action showing strong bullish conviction. 

The recent rally pushed prices significantly higher, establishing new multi-week highs and confirming market dominance by buyers. The surge has also widened the gap between short- and medium-term moving averages, further validating the ongoing bullish structure.

EMA Alignment Confirms Strong Zcash Uptrend

Both the 9-day and 20-day exponential moving averages (EMAs) point upward, signaling that ZEC remains in a robust bullish phase. 

Daily chart for ZEC/USD (Source: GeckoTerminal)

The 9-day EMA has accelerated well above the 20-day EMA, a pattern that typically occurs when buying pressure is strong and persistent. This alignment suggests that bulls remain in control, and any short-term retracement toward these EMAs could serve as a healthy correction rather than a reversal.

MACD Momentum Still Rising

The MACD indicator reinforces the bullish outlook, with the MACD line comfortably above the signal line and the histogram showing continued positive expansion. This reflects accelerating buying momentum and suggests that traders are still adding to long positions. 

However, traders should be cautious as the strength of this move indicates the possibility of near-term consolidation before the next leg up.

Meanwhile, the Relative Strength Index (RSI) remains extremely high, hovering around 90 — levels that typically signal overbought conditions. 

While such readings often precede pullbacks, they can also indicate the strength of an ongoing breakout when supported by volume. ZEC’s RSI suggests momentum remains strong but stretched, hinting that the market could soon face increased volatility or short-term profit-taking before continuing higher.

Zcash Order Book Analysis: Bid and Ask Walls

The Zcash order book data provides a clear look at liquidity dynamics shaping near-term price behavior. On the buy side, significant bid walls exist at:

• $130.00 (≈1158 units, ≈150,575 USDT)
• $129.33 (≈723 units, ≈93,534 USDT)
• $127.00 (≈852 units, ≈108,197 USDT)

Those levels act as strong supports for bulls. However, if these walls are broken, ZEC could experience a 19–21% decline, potentially falling toward the broader support zones at $58.52, $56.27, and $48.61.

On the sell side, major ask walls stand at:

• $175.50 (≈2000 units, ≈351,039 USDT)
• $180.00 (≈1481 units, ≈266,639 USDT)
• $191.50 (≈1689 units, ≈323,456 USDT)

Clearing these resistance levels could trigger bullish breakouts of approximately 9–19%, propelling ZEC toward new highs.

Potential Price Scenarios

ZEC’s current momentum suggests that as long as the $130–$127 zone holds, the market could continue to build upward pressure toward the $175 and $191 resistance levels. 

A decisive break above the mentioned areas could open the door to another impulsive rally. Conversely, failure to defend the lower bid walls could shift momentum, with sellers likely testing deeper support areas as profit-taking sets in.

Zcash Trading Strategy Outlook

For long traders, potential entries lie near the $130–$127 support region or pullbacks toward the 9-day EMA. 

Profit targets could be positioned near $175 and $191. For short traders, caution is advised — entries should only be considered if ZEC fails to sustain above $130 and the MACD starts to flatten, indicating a momentum slowdown. Given the overbought RSI, short-term traders should be prepared for swift price swings in both directions.

Conclusion

Zcash remains one of the strongest-performing privacy-focused assets on the market, with bullish momentum still dominant. 

However, the extremely high RSI levels and stacked liquidity walls on both sides suggest that volatility may increase as traders battle for control around key resistance levels. The overall trend remains bullish, but strategic patience will be crucial for both long and short setups.

Disclaimer: The information presented in this article is for informational and educational purposes only. It does not constitute financial advice. Ecoinimist is not responsible for any losses incurred. Readers should exercise caution before acting on this content.