Technical Analysis for $ZEC

/USDT:

Current Price: $70.40 (up +18.82% in the last 24 hours)

Market Trend: Bullish momentum in the short term due to the recent surge.

Key Levels:

Support Level: $62.77 – a strong support zone where buying interest could increase if the price drops.

Resistance Level: $71.07 – potential resistance before price may face a pullback.

Trade Signal:

Buy Signal: Entering at the current price of $70.40 or on a pullback around $66.92 could be a good opportunity, as the market shows bullish behavior.

Target Levels (🎯):

1. Target 1: $73.00 – A likely short-term target based on current bullish momentum.

2. Target 2: $76.00 – If bullish momentum persists, this could be the next resistance zone.

3. Target 3: $80.00 – A potential long-term target, depending on continued buying pressure.

Trade Momentum:

Momentum: Positive, with a strong uptrend over the last 24 hours (up by 18.82%).

Recommendation: Focus on capturing short-term gains, but be cautious of resistance at the $71.00 level. If the price pushes through, higher targets are likely.

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