$ZEC
Market Update
The liquidation of short positions near $228.79 indicates that bearish pressure temporarily lost control as $ZEC pushed higher. This type of event often signals a short squeeze where traders betting on downside are forced to close their positions, pushing price upward quickly.
$ZEC has been trading in a volatile range recently, and holding above the $225 region will be important for maintaining upward structure. If buying pressure remains strong, the market could attempt to test higher resistance zones where liquidity is likely sitting.
Support: $224 – $218
Resistance: $232 – $240
Targets if upward momentum continues:
$235
$242
$255
A breakdown below $224 could shift momentum back toward the $215–$210 demand zone.
#TrumpSaysIranWarWillEndVerySoon #AaveSwapIncident #BTCReclaims70k #MetaPlansLayoffs #UseAIforCryptoTrading