ZEC surged violently by 15% in the early morning! The key level of 400 was easily breached, how long can the market continue to soar? An experienced trader reveals a winning mindset!

This morning, ZEC broke through the key resistance level, quickly rising from around 334 dollars to 390 dollars, with a daily increase approaching 60 points. The market move came suddenly, and many may have been caught off guard. However, there are always opportunities in the market; the key is not to chase highs but to judge the subsequent direction. Below, I will outline the possible trends for ZEC in the simplest way.

Technical Analysis: Bulls are dominant, but caution is needed for fluctuations.

Bollinger Bands Observation

The current middle band is at 351, the upper band is at 375, and the lower band is at 326. ZEC has stabilized above the middle band and is running along the upper side, showing an expanding trend. This indicates that the bullish momentum is strengthening in the short term, and volatility will significantly increase, possibly breaking away from the previous consolidation range.

MACD Momentum

Both the fast and slow lines are running above the zero line and showing signs of a golden cross. This signal typically reflects capital inflow and a recovery of bulls, which can be seen as a precursor to a medium-term strengthening.

RSI Status

The current value has risen above 80, entering the overbought area. However, overbought does not mean an immediate reversal; just like after a sprint, a cooldown period is often needed. If market sentiment or capital inflow continues, prices may still consolidate at high levels or even make another upward push.

Volume Coordination

Recently, with the price increase, trading volume has significantly expanded. This indicates that it is not a false surge, but rather, there is real capital support entering the market, suggesting a certain sustainability of the bullish trend.

Personal Opinion: ZEC is currently near a key pressure zone. As long as the price does not effectively break below the important support level, the overall bullish outlook can continue. The importance of the key level lies in the historical struggle between bulls and bears; once it breaks through and stabilizes, it often forms a new foundation for upward movement.

The market is always full of uncertainties. Even if the technical outlook is bullish, news and overall sentiment may still trigger sudden changes. For beginners, it is essential to avoid blindly chasing prices;

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