The currency has witnessed#ZECUSDT an extraordinary increase exceeding +1500% over the past two months, igniting significant interest in the cryptocurrency market.
However, on the flip side, many analysts have begun warning of a potential strong price correction in the coming period.
Key points:
ZEC recently reached around 750 dollars, benefiting from the strong momentum around the concept of Privacy Coins.
The well-known traderAltcoin Sherpa stated via platform X:
This slow and gradual rise usually ends with a violent crash.
On the weekly RSI indicator, ZEC recorded a level of 94.2 — a historical level considered a clear signal of a peak forming and the potential start of a downward movement.
📉 Market Predictions:
Some analysts expect a correction that could reach levels of $300 - $400.
Others see the price potentially extending to $840 - $1000, but likely before a significant drop occurs.
👀 What to watch for?
If you hold ZEC: the risks are extremely high in this price area.
If you're thinking of entering now: it's best to wait for a correction to get a safer entry point.
Follow closely:
RSI Indicator
Trading volume
Whale activity in the market
⚠️ Summary:
Privacy-related currencies are attracting strong attention at this time...
However, rapid increases are often followed by sharp reversals, so risk management is very important.
