šØ PRIVACY COIN REBOUNDING: DYNAMIC FEE SYSTEM & ACCUMULATION! š
1ļøā£ $ZEC RISING 2.62% - Dynamic Fee System & Bullish Reversal!
šÆWhy Pumping:
ā Dynamic fee system announced by Zcash developers
ā Addressing transaction cost concerns
ā 12% surge earlier on the news
ā Large holder accumulation detected
ā Potential double-bottom pattern forming
š Technical Recovery:
ā”+2.62%continuing rebound
ā”Price:443.50, approaching 460.00 resistance
ā”Volume:818,248.80 ZEC ($345.44M USDT)
ā”Above MA(25)and MA(99) - bullish alignment
ā”MA(7)at 443.54 providing immediate support
ā ļø Volume Discrepancy:
ā¢Current volume (1,966) WELL BELOW 5-day average (29,480)
ā¢Indicates slowing momentum after initial surge
ā¢Needs volume confirmation for continued breakout
š Market Position:
ā¢Among top performers in large-cap sector for December
ā¢$955M+ volume recently shows strong interest
ā¢Circulating supply: ~16.43M ZEC
ā¢Privacy narrative regaining traction
šÆ Trade Setup:
Entry:435.00 - 440.00
Target 1:460.00 (+4.5%)
Target 2:480.00 (+8.2%)
Stop:425.00
š Pattern Analysis:
ā¢Double-bottom potential suggests reversal
ā¢Breaking above MA(99) = long-term bullish
ā¢Dynamic fee news = fundamental improvement
ā¢Needs to clear 460.00 resistance decisively
ā ļø Factors:
ā¢Volume needs to increase for sustained move
ā¢Privacy coins face regulatory uncertainty
ā¢Whole market sentiment affects performance
ā¢Daily close above 443.50
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