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Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
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Warning! $ZEC has entered the "extreme greed" zone, is it still time to enter a position?
Both RSI indicators have exceeded 70, and on-chain data shows that early players may be distributing. ZEC is hiding a crisis amidst the excitement; is now an opportunity or a trap? We let the data speak.
· Bullish signal:
· Unstoppable Trend: The EMA multi-period moving averages are in a perfect bullish arrangement, and the MACD momentum bars continue to rise, indicating that the upward trend is extremely healthy.
· Capital inflow: The price is running close to the upper Bollinger Band and is accompanied by a huge net inflow of funds, which is a typical characteristic of a strong market.
· Danger Signal:
· Overbought warning: RSI6 reached 80.54, and RSI12 also reached 74.64. The market urgently needs a healthy correction to digest profit-taking.
· Bubble concerns: Current trading volume has surpassed the peak of the 2021 bull market, and the speculative atmosphere is excessively heated. High open interest also indicates potential for significant volatility risk.
For traders seeking excitement, ZEC is undoubtedly a paradise at the moment.
But for investors seeking stability, it may be a better solution to focus on fields where the narrative has just begun and the volatility is relatively low.
After all, ambushing a potential $ETH "little milk dog" might be more stable than snatching food from the mouths of raging whales.
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