Zama 1-Hour Chart Insight – A Clean Market Read

1-Hour Chart Insight – A Clean Market Read

On the 1H timeframe, the chart clearly shows a strong bearish move followed by a technical recovery. Price previously rejected near 0.0380, after which heavy selling pressure pushed the market down to the 0.0261 zone. That area acted as a solid demand level, where sellers started losing momentum.

After touching the lower Bollinger Band, price bounced and began forming higher lows — a classic short-term relief move. Currently, price is trading around 0.0296, sitting close to the mid Bollinger Band and clustered EMAs.

Key observations from the chart:

EMA(5) and EMA(10) are trying to cross upward, showing short-term bullish intent

EMA(20) is still slightly above price, acting as near resistance

Bollinger Bands are starting to contract, hinting at a possible volatility expansion

Momentum looks corrective, not a full trend reversal yet

As long as price holds above the 0.0285–0.0290 zone, bulls have a chance to push toward 0.0315–0.0320. However, rejection near EMAs could lead to another retest of lower support.

Overall, this looks like a relief bounce inside a broader downtrend. Confirmation will only come if price reclaims and holds above the mid-band with strong volume. Until then, patience and risk management remain key.