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📈 Recent Price Action
Bullish momentum:
$ZEC has seen strong recent gains, including notable weekly and monthly increases, breaking key resistance levels and showing breakout patterns.
Overbought signals / possible pullback:
Technical indicators like RSI are high, indicating that the market may be overbought and could see short-term retracements.
Volatility is high:
ZEC price movements remain volatile — some data shows gains of 25-70% weekly, while others indicate sharp sell-offs too.
📍 Key Levels to Watch
Near-term support likely around recent breakout levels (~$195–$210 based on fib retracement) if selling pressure increases.
Upside targets often mentioned by analysts are higher resistance zones (~$374 and above) with continued bullish momentum.
🧠 Summary (Basic Assessment)
Short-term: Mixed — momentum is strong but overbought signals and volatility suggest possible pullbacks.
Medium-term: Bullish bias if key support holds and $ZEC sustains above breakout levels.
Risk: High volatility and speculative trading dominate price action, make sure to consider risk management.$ZEC #WriteToEarnUpgrade