$ZEN Closest resistance: The next serious hurdle for the price is in the $680–$712 zone. A solid breakout from this range will pave the way for new highs.
Key supports: The crucial support level has now shifted to the $625–$650 marks. This is the so-called 'neckline' of the recently formed pattern. In the event of a local correction, the asset must hold above this level to maintain a bullish structure.
Current trends: Right now, ZEC is showing signs of playing out a classic 'cup-and-handle' pattern. Additionally, the asset is reacting positively to fundamental news — particularly the reports about the closure of investigations by the SEC regarding the Zcash Foundation.
Key supports: The crucial support level has now shifted to the $625–$650 marks. This is the so-called 'neckline' of the recently formed pattern. In the event of a local correction, the asset must hold above this level to maintain a bullish structure.
Current trends: Right now, ZEC is showing signs of playing out a classic 'cup-and-handle' pattern. Additionally, the asset is reacting positively to fundamental news — particularly the reports about the closure of investigations by the SEC regarding the Zcash Foundation.