The price of $ZEC shows strong upward momentum, surpassing the consolidation phase with notable support from the influx of buyers.
Price action remains stable above the critical support area between $404 and $385, indicating strength after a significant rise. The market is witnessing strong buyer entry, defending their gains and establishing a solid base for the next upward wave. The price structure is clear and positive, confirming the continuation of upward momentum.
Technical outlook: The current level, after being successfully breached, is a strong point that supports further increases. Momentum is decisively positive, and the trend is actively upward, with continuous demand clearly visible on the chart. As long as the ZEC price remains above the support level at $385, the path is open for continued rises towards the resistance level of $429, with the potential to reach the target area between $451 and $471.
Trading overview:
The price structure is bullish and maintains its strength above the main support level.
Buyers are in control of the market, creating sustained upward pressure.
It is highly likely that the price will continue its direction towards $429, reaching the specified target at $451.
$ZEC is currently moving according to the expected path after a strong breakout. Stay focused and seize the opportunity to benefit from the increasing momentum cautiously.
