Current Price: $35.45 (+14.02%)
ZEC has shown significant upward momentum recently, currently trading at $35.45. The price action suggests a bullish sentiment, with key levels of interest emerging as potential targets for traders.
Key Levels to Watch:
1. Target 1: $37.52 (24h High)
This level represents the recent peak reached by ZEC. A break above this resistance could signal further bullish momentum, attracting more buyers and potentially driving the price higher.
2. Target 2: $40.00
This psychological level is often a target for traders looking to take profits. If ZEC can maintain momentum and break above previous resistance levels, it may reach this target in the near term.
3. Target 3: $43.00
This target is based on Fibonacci retracement levels and previous price action. A sustained move above $40.00 could lead traders to set their sights on this level, which may act as a significant resistance point.
Technical Indicators:
SAR (Stop and Reverse): Currently at 36.73, indicating that upward momentum is present. Traders should watch for potential reversals if the price falls below this level.
Support Level: A notable support level is found at $30.44 (24h Low). Traders may consider this level for potential buying opportunities if the price retraces.
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