$ZEC has been trending for the past one week now.....
Is price gonna have a new ATH this week?.....
Analysis: ZEC price shows a chubby market pattern ranging from $756 - $887, so a break out to either the upside or downside should be monitored before any further market decisions.
BULLISH SCENARIO: if price breaks below and retest the previous resistance at $685.50, we expect price to pull up to a new ATH....
$BTC price todays shows a mixed direction as the crypto market shows signs of momentum decline after bitcoin suffered rejection at 80k. 📈Analysis: If price sweeps off the liquidity around $77,434.39 zone, then a bullish continuation will be possible But if price closes below the support around $77,434 with a full body candle (showing sellers are in charge), then a bearish trend will be seen today… ⚪️Bais: BTC price has not broken above the current weekly high at $82k and by so we can still expect a bearish continuation from here pending when price breaks above the $82k zone
🚨The crypto bull market could have given us a view once again because the major $BTC change of character around 82k remains unchanged..
crypto is in a risk off stage but though their are some other tokens that are leveraging on this rally to surge and innovate too..
The like of $ZEC which gained over a 60%+ in just 3days, $1.6B in TVL, seem a beneficial of this bullish trend.
🔥Key drivers:
Grayscale filed its 4th amendment to advance the Zcash Trust’s conversion into a spot ETF (ZCSH), including a potential 200K ZEC ($110M) contribution from a DCG affiliate….including other factors too.