Why is $ZEC lingering just above the 824‑825 zone after a 3% swing to the 888 high? 👀
A hidden pressure point is forming – keep reading to see where the next move could hide.
Price looks bullish, but a tiny negative funding rate and a short‑heavy ratio whisper that shorts are paying to stay in, a classic sign of a potential short‑cover rally.
On the 4‑hour chart the current price hovers around the 824‑825 area, acting as a demand pocket. A break below the ~783 zone on a 4‑hour close would invalidate the bullish case. The next upside target sits near the ~899 area, roughly the recent high where sellers may step in. Tap $ZEC to pull up the chart and see the 824‑825 zone yourself.
My read: $ZEC is likely to test the ~899 objective if it can stay above the 824 pivot; a slip below 783 would flip the bias.
Follow me for the next breakdown when ZEC finally moves past these key zones.
What zone are you watching on ZEC – the 824 support or the 899 target? 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
A hidden pressure point is forming – keep reading to see where the next move could hide.
Price looks bullish, but a tiny negative funding rate and a short‑heavy ratio whisper that shorts are paying to stay in, a classic sign of a potential short‑cover rally.
On the 4‑hour chart the current price hovers around the 824‑825 area, acting as a demand pocket. A break below the ~783 zone on a 4‑hour close would invalidate the bullish case. The next upside target sits near the ~899 area, roughly the recent high where sellers may step in. Tap $ZEC to pull up the chart and see the 824‑825 zone yourself.
My read: $ZEC is likely to test the ~899 objective if it can stay above the 824 pivot; a slip below 783 would flip the bias.
Follow me for the next breakdown when ZEC finally moves past these key zones.
What zone are you watching on ZEC – the 824 support or the 899 target? 👇
⚠️ Not financial advice. DYOR.
#ZEC #Zcash #Crypto #BinanceSquare
