š„ $ZEC / Zcash ā Bulls Running Into the Real Test ā”
$ZEC shows a clear ascending triangle breakout. Price decisively smashed through $380, flipping it into local support. Momentum is officially back on the table.
The real decision zone for Zcash sits critically at $440ā$450. This level holds significant importance for several reasons:
* It represents the 38.2% Fib retrace, a level that previously held firm before a significant collapse to $300.
* It's a major liquidity block across multiple timeframes, a proven reaction zone where whales previously showed strong defense.
A convincing break above $440+ with conviction would signal a structural shift to bullish. This opens the door for continuation into higher supply zones.
However, caution is advised. After a heavy dump, markets often exhibit fake breakouts, clearing minor resistance to bait longs before a deeper flush. The $440 level acts as the trap-killer. Reclaiming and holding it confirms a real bullish thesis, moving beyond mere hopium.
ā” Eyes remain on $440 ā this is the critical line where $ZEC transitions from faking to genuine trending.
(ZECUSDT)
