Wait, is $ZEC actually getting ready for another leg up or is this just a fakeout?
We had that solid run from 382 all the way to 457, but things have been moving sideways for a while now. Price is currently sitting at 448 and it feels like it’s just catching its breath.
Volume is still looking decent at 858M, so there's definitely interest here. It’s holding that mid-440s area as local support pretty well. If we can break back above 458 with some conviction, we might see 470 sooner than people think.
But if this support cracks, I’m looking for a retest closer to 428.
Keeping it on the watchlist for the next big hourly candle.
ZEC
450.36
+1.42%