📈 ZEC Breaks Downtrend — Now Climbing in a Strong Ascending Channel
Zcash ($ZEC) has officially broken its multi-week downtrend and is now moving inside a clean ascending channel, showing renewed strength in the privacy sector.
Price is currently testing a major supply zone — the same region where sellers aggressively stepped in last time.
This level will decide ZEC’s next move:
🔥 Bullish Scenario
If ZEC breaks above the supply zone with strong volume, momentum could accelerate quickly, opening the path toward the $500+ region, one of the next major resistance zones.
❄️ Bearish Scenario
If the supply zone rejects price again, ZEC may retrace toward:
The channel midline
Or the lower channel support
Both remain healthy levels as long as the ascending structure holds.
This is a classic “decision point” — and ZEC’s next move could shape the entire privacy-coin narrative.
