$ZEC ๐ค๐ฐ๐ฅ๐ฅ๐ฅ
/USDT Technical Analysis ๐ฏ
Current Price: $60.68 (+1.00%)
Zcash (ZEC) shows strong bullish momentum, with the price currently holding above $60. A breakout above key resistance levels could signal further gains.
Key Levels to Watch:
๐ฏ Target 1: $62.00 - Immediate resistance. Breaking this level may confirm a short-term uptrend.
๐ฏ Target 2: $65.00 - Strong resistance zone. A close above could open doors for a rally toward $70.
๐ฏ Target 3: $70.00 - Long-term resistance. Reaching this level would indicate sustained bullish momentum.
Support Levels:
$59.00: Short-term support to maintain current momentum.
$56.00: Critical support zone. A drop below may shift sentiment to bearish.
Analysis:
ZEC is showing higher lows on the 4-hour chart, signaling a potential breakout. Monitoring volume and RSI indicators will be crucial in confirming the next move.
๐ Stay tuned for more insights and updates as ZEC inches closer to these targets!
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