ZEC Pennant Breakout Holds: Can Bulls Hit $1,500 Next? 🚀
Zcash ($ZEC ) is putting on a masterclass in bullish momentum, consolidating near $1,150 after an explosive six-day rally from ~$814 tapped a multi-year high of $1,249.
The Breakout: A clean breakout from a multi-month bullish pennant kicked off the surge, supercharged by heavy short liquidations clearing out bears.
Consolidation Zone: On the 4-hour timeframe, $ZEC is building a tight base between $1,110 and $1,170, letting indicators cool off without surrendering key breakout ground.
Next Resistance: Immediate overhead liquidity sits around $1,240–$1,273. A sustained 4-hour close above that level opens the runway straight toward the $1,500 technical target.
Key Support: Bulls need to defend the 4-hour support zone near $1,076–$1,098 to keep the parabolic structure intact.
Are we seeing a standard cool-off before the next leg up to 1,500, or will profit-taking pullZEC back under $1,000? Let’s hear your take in the comments! 👇
DYOR. Not financial advice.
#ZEC #Zcash #CryptoNews #Bullish #TechnicalAnalysis
$ZEC
Zcash ($ZEC ) is putting on a masterclass in bullish momentum, consolidating near $1,150 after an explosive six-day rally from ~$814 tapped a multi-year high of $1,249.
The Breakout: A clean breakout from a multi-month bullish pennant kicked off the surge, supercharged by heavy short liquidations clearing out bears.
Consolidation Zone: On the 4-hour timeframe, $ZEC is building a tight base between $1,110 and $1,170, letting indicators cool off without surrendering key breakout ground.
Next Resistance: Immediate overhead liquidity sits around $1,240–$1,273. A sustained 4-hour close above that level opens the runway straight toward the $1,500 technical target.
Key Support: Bulls need to defend the 4-hour support zone near $1,076–$1,098 to keep the parabolic structure intact.
Are we seeing a standard cool-off before the next leg up to 1,500, or will profit-taking pullZEC back under $1,000? Let’s hear your take in the comments! 👇
DYOR. Not financial advice.
#ZEC #Zcash #CryptoNews #Bullish #TechnicalAnalysis
$ZEC