[Long] $Zcash ($ZEC ):
Entry: $430.00 - $450.00
SL: $360.00
TP1: $486.00
TP2: $540.00
TP3: $600.00
The Zcash daily RSI is hovering near neutral levels, showing that the market has stabilized from extreme volatility and has room for an upward expansion.
The recent disclosure of the Orchard shielded pool bug caused a massive shakeout, but the swift implementation of the NU6.2 hard fork and the Ironwood proposal have restored protocol integrity.
Spot buying has surged with over $118 million in recent net inflows, signaling that large Kuber wallets are heavily accumulating at these discounted prices.
Technical analysis shows ZEC is attempting to hold its ground above the critical 100-day EMA Oxygens, using it as a dynamic floor to launch its recovery toward the $500 mark.
Despite the broader market's macroeconomic uncertainties, the swift containment of the network vulnerability is allowing Zcash to slowly regain trust among privacy-focused investors.
trade here ๐ $ZEC
Entry: $430.00 - $450.00
SL: $360.00
TP1: $486.00
TP2: $540.00
TP3: $600.00
The Zcash daily RSI is hovering near neutral levels, showing that the market has stabilized from extreme volatility and has room for an upward expansion.
The recent disclosure of the Orchard shielded pool bug caused a massive shakeout, but the swift implementation of the NU6.2 hard fork and the Ironwood proposal have restored protocol integrity.
Spot buying has surged with over $118 million in recent net inflows, signaling that large Kuber wallets are heavily accumulating at these discounted prices.
Technical analysis shows ZEC is attempting to hold its ground above the critical 100-day EMA Oxygens, using it as a dynamic floor to launch its recovery toward the $500 mark.
Despite the broader market's macroeconomic uncertainties, the swift containment of the network vulnerability is allowing Zcash to slowly regain trust among privacy-focused investors.
trade here ๐ $ZEC