Market Alert: $ZEC Shorts Liquidated at $377.18
The market just flipped gears as $13.94K worth of shorts were liquidated at $377.18, signaling a surge of bullish momentum. Bears tried to push Zcash down — but the market struck back, forcing a short squeeze that lifted prices higher.
Momentum is shifting fast, and this liquidation could be the start of a strong upward continuation if bulls defend key levels.
Market Insights
Zcash has been quietly consolidating, and this sudden short liquidation suggests hidden strength building beneath the surface. Liquidity hunts like this often clear the path for cleaner, more aggressive moves upward.
If $ZEC holds above its support, we could see the next push toward the $390+ zone.
Key Levels
Support Zone: $370 – $374 (buyers expected to step in)
Immediate Resistance: $382
Major Breakout Resistance: $395
Next Targets
If the bullish momentum continues:
TG1: $382 (first breakout confirmation)
TG2: $395 (major resistance zone)
TG3: $410+ (extended rally target)
Pro Tip for Traders
Short liquidations often mark the beginning of an upward leg, not the end. Keep an eye on volume and candle strength near $374 — holding this zone could trigger another powerful leg higher.
Zcash is reminding traders: momentum rewards the prepared.
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