$ZEC Zcash is looking strong right now 🔥
Just pumped +11.66% today and sitting at $632.40. On the daily chart it's broken clean above the middle Bollinger Band and pushing up towards the upper one around 672. We've come a long way from that higher low near 299, and volume has been solid with over 236k ZEC traded in the last 24 hours.
RSI is at 75.60 so it's a bit overbought short term might see some cooling off or consolidation soon. But overall the chart looks bullish as hell, price is well above the moving averages and the Bollinger Bands are expanding nicely.
Feels like ZEC is in full bull mode. That breakout above 500-550 resistance looks legit. If it clears 672-680 with good volume, 750-800 could come fast.
I'll be watching the 580-600 area as potential support if it pulls back a little. Structure still looks very healthy.
Privacy coins still got some serious life left in this cycle.
What are your targets for ZEC? Let me know 👀
