Viewpoint: HYPE and ZEC technical indicators are overbought, with resistance levels of $60 and $730 respectively

BlockBeats News: On May 21st, analyst Alicharts published an analysis of the two hottest cryptocurrencies in the cryptocurrency market recently, HYPE and ZEC. For HYPE, Alicharts believes that it is approaching a key resistance level ($59-60), while multiple indicators have also issued warning signals. TD Sequential has shown a sell signal for Combo 13, with RSI and Chande MO both at overbought historical highs, possibly experiencing a slight surge before rebounding to around $40. On the other hand, ZEC is approaching the resistance zone ($700-730) that caused a sharp drop in November, and the weekly TD Sequential has issued a sell signal. The previous rise from the bottom to the top of the channel was driven by the weekly TD buy signal. If a sell is confirmed, the pullback may be even greater, with potential support levels of $500 (first target) and $380 (deeper pullback). [Original link]