#数字货币市场调整 ZEC This pump, how long can it last?

First, let's look at the moving average layout: the 7-day line is stuck at $599, while the 30-day line is as low as $529, and the current price has already surged to $696. The distance between this price and the moving averages is a bit far, and a rapid increase often indicates that a correction could happen at any time.

The technical aspect is more concerning. The RSI indicator is currently at 91.15—it's important to note that this value is usually considered overbought above 70, and over 80 falls into the severely overbought zone, and now it's heading straight for 92. The buying sentiment is overheated to this extent, and the fuel for further upward movement is basically exhausted.

The MACD indeed shows that both the DIF and DEA are in the positive zone, and the red bars are still present, which on the surface looks like a strong bullish momentum. But don't be fooled by this—when combined with the RSI, it looks more like the last gasp of a strong effort, rather than the starting point of a new round of increases.

What is likely to happen next? I think the range between $680 and $730 will be a constant struggle, and it may even push up a bit in a way that entices some retail investors to chase the high, only to suddenly dive down. The high point of $729 is a clear resistance, and if the price goes up but cannot hold, it can basically confirm the end of the upward trend.

Let's talk about support again. The $680 level is actually quite fragile, and the real reliable support should look at the 7-day moving average at $599, which is almost 15% away from the current price. In other words, once it starts to drop, this 15% space is not to be taken lightly.

At this position, rather than blindly chasing the rise, it is better to wait and see first.