🚨 ZEC/USDT 🔥 Is Zcash gearing up for a new rally, or is this bounce just a trap?
📊 Chart analysis:
After climbing to 1,190.94 USDT, ZEC entered a downward correction and reached the 1,110 area before starting to bounce again.
🔍 Key levels:
🟢 First resistance: 1,137–1,140
🟢 Second resistance: 1,147–1,153
🔴 First support: 1,117–1,110
🎯 Key resistance: 1,190
📈 Bullish scenario:
If the price breaks above 1,140 and holds there with rising trading volume, it could continue toward 1,147–1,153. After that, we’ll watch for a possible retest of the previous high.
📉 Bearish scenario:
If it fails to break resistance and falls back below 1,117, it could retest the 1,110 area.
⚠️ Bottom line: The bounce is encouraging, but a confirmed uptrend still requires a resistance breakout backed by liquidity. No scenario is guaranteed.
💬 What do you expect? Will ZEC break above 1,140 and keep climbing, or pull back into a correction?
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