$ZEC Market Pulse Update
Zcash (ZEC) faced a notable short liquidation worth $4.14K at $274.89, signaling renewed strength from the bulls as sellers were caught off guard. This move comes amid increasing volatility across privacy-focused assets, hinting at potential short-term trend reversal momentum.
Currently, ZEC is holding strong above its key support near $270, which has acted as a reliable demand zone in recent sessions. A sustained move above $278–$282 resistance could open the door for a bullish extension toward $295 in the near term.
Market Outlook:
Momentum indicators suggest gradual buyer re-entry, with volume showing steady recovery. However, traders should watch for a clear breakout confirmation before committing to aggressive longs.
Trading Plan:
Buy Entry: $272–$276 zone (accumulation range)
Target 1: $288
Target 2: $295
Stop-Loss: $266
Next Move:
If ZEC closes above $282 with solid volume, it may trigger a mini-rally. Failure to hold $270, however, could invite short-term pullbacks toward $262 before another rebound attempt.
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