ZECUpdates

#ZEC HTF Analysis

$ZEC is forming a clean falling wedge on the daily timeframe and is now sitting right at the apex — gearing up for a potential move.

A breakout with strong volume could trigger a bullish run, especially if price reclaims the key $42 level.

Until then, patience is key. Keep $ZEC on your radar — a breakout here could send it flying. 🚀

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$ZEC Testing Resistance After a Steady Climb $ZEC is currently trading at $50.35, up 1.61%, after bouncing from its 24-hour low of $49.29 and nearing its high of $53.00. The Bollinger Bands show slight contraction, indicating potential consolidation or an imminent move.


Key Levels to Watch:

Resistance Levels (Targets):

1. $51.50

2. $53.00

3. $54.50

Support Levels:

1. $49.00

2. $47.50

Market Insight:

If $ZEC breaks above $51.50, it could rally to retest $53.00 and extend toward $54.50. Conversely, failure to hold $49.00 as support may lead to a pullback to $47.50. Watch Bollinger Band movement for breakout confirmation.

Pro Tip: Use trailing stop-losses near support to lock in gains and minimize risk in this range-bound setup.

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