$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.