๐ $ZEC
/USDT Technical Analysis ๐
The ZEC/USDT pair has been showing a strong upward momentum, currently trading at $54.64, reflecting a +11.69% increase in the last 24 hours. Let's dive into the technical chart and explore key levels to watch.
๐ Support Level 1: $52.00
A strong support zone that has held in previous price action. A bounce here could push the price back toward the next resistance.
๐ Resistance Level 1: $56.00
Currently testing the resistance at $56.00. A break above this level could pave the way for further gains towards the next target.
๐ฏ Target Level 1: $58.00
If the price breaks through the $56.00 resistance, the next target is $58.00, where we could see additional upside potential.
๐ฏ Target Level 2: $60.00
As the momentum continues, $60.00 is a significant psychological level to keep an eye on. A breakout above this could signal a fresh rally.
๐ฏ Target Level 3: $61.50
The final target is $61.50, where the pair might face additional resistance. If this level holds, a pullback could be likely, but a breakout would signal a strong bullish trend.
๐ Next Steps: Keep monitoring the price action as ZEC/USDT approaches key levels. Watch for strong confirmation of breakouts or reversals.
๐ฌ What are your thoughts on ZEC/USDT? Share your analysis in the comments!
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