$ZEC is valued at 9 billion bucks.
Post
Crypto Man MAB
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Bullish$ZEC has delivered one of the strongest moves in the market after spending a long period trading in a low-volume accumulation range. The monthly chart shows a powerful breakout that sent price from under $20 to a peak near $750, attracting significant attention from traders and investors.
What makes this move interesting is the massive increase in volume accompanying the rally. This suggests the breakout was driven by real market participation rather than a short-term speculative spike. However, after such an aggressive run, some cooling off was always expected.
Price is currently trading around the $360 area after facing strong selling pressure near the highs. The recent candles show large wicks on both sides, highlighting the intense battle between buyers and sellers as the market searches for direction.
The $300–$350 region is now a key area to watch. Holding above this zone would indicate that buyers are still in control and could pave the way for another attempt toward the $600–$750 resistance range. A successful break above that region would likely signal the continuation of the broader uptrend.
On the downside, if sellers push price below current support, the next major demand zone sits around $200, where previous resistance and the middle Bollinger Band may provide support.
Overall, the long-term structure remains bullish despite the recent pullback. The market appears to be digesting its massive gains, and some consolidation after such an explosive rally would be healthy before the next major move develops. Traders should expect elevated volatility, but as long as key support levels hold, the bigger picture continues to favor the bulls. 📈🚀
#Zcash #ZEC
What makes this move interesting is the massive increase in volume accompanying the rally. This suggests the breakout was driven by real market participation rather than a short-term speculative spike. However, after such an aggressive run, some cooling off was always expected.
Price is currently trading around the $360 area after facing strong selling pressure near the highs. The recent candles show large wicks on both sides, highlighting the intense battle between buyers and sellers as the market searches for direction.
The $300–$350 region is now a key area to watch. Holding above this zone would indicate that buyers are still in control and could pave the way for another attempt toward the $600–$750 resistance range. A successful break above that region would likely signal the continuation of the broader uptrend.
On the downside, if sellers push price below current support, the next major demand zone sits around $200, where previous resistance and the middle Bollinger Band may provide support.
Overall, the long-term structure remains bullish despite the recent pullback. The market appears to be digesting its massive gains, and some consolidation after such an explosive rally would be healthy before the next major move develops. Traders should expect elevated volatility, but as long as key support levels hold, the bigger picture continues to favor the bulls. 📈🚀
#Zcash #ZEC