ZEC Continues Decline as Market Structure Reflects a Typical Parabolic Correction
ZEC Price Decline: ZEC has experienced a significant drop of 21% to $358, driven by consistent selling pressure and a shift in short-term momentum, with trading volume nearing $1 billion during the downturn.
Break in Parabolic Structure: The price structure of ZEC has broken its parabolic pattern, transitioning into a controlled unwind phase, which is typical after large-cap corrections, as lower highs and lower lows form throughout the decline.
Market Activity and Supply Dynamics: Despite a market cap of approximately $5.9 billion and a steady circulating supply of 16.41 million ZEC, the price decline indicates a contraction in demand rather than an oversupply issue.
Ongoing Downtrend: The market continues to show persistent selling pressure, with no signs of stabilization, as traders monitor for potential recovery signals after the post-parabolic breakdown.
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Technical Analysis for X
Technical Sentiment Analysis for X Empire (X) As of , X Empire (X) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for X stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, X is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
X Empire (X) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00000588 | 0.00000888 | 0.0000114 | 0.0000144 | 0.000017 | 0.00002 | 0.0000225 |
| Fibonacci | 0.00000888 | 0.000011 | 0.0000123 | 0.0000144 | 0.0000165 | 0.0000179 | 0.00002 |
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