Just looking at m30, it's clear that ZEC has reversed extremely quickly: from the 320 area it shot straight up to nearly 400 without really correcting. The noteworthy thing is that after the push, the price did not drop back but instead maintained a base just below 400, as if holding the price to attract more liquidity.
All the small dips were immediately bought up, indicating that the selling side has dried up. If ZEC can break the 395 area, the bullish structure will enter a stronger phase and could potentially shoot straight to 400 without needing a retest. When ZEC runs, it usually doesn't give prior notice and tends to surge suddenly.
ZECUSDT
Perp
410.46
+18.91%
