$ZEC appears to be getting closer to $1,300 as traders keep an eye on the important level to decide what will come next.
The chart suggests a support level of $1,020 -$1,090 while in the near term there is support at $1,077 - $1,109. Keeping these areas intact will allow the current trend continuation pattern to keep being valid.
If price moves up and goes beyond $1,300 it may enhance the bullish signal and the $1,539 point can become the next target. However, these are technical targets, not guaranteed price outcomes.
On the downside, $918 has been identified as an important invalidation level. A sustained move below it could significantly weaken the current bullish structure.
Zcash's ongoing network development, including upgrades focused on shielded transactions and infrastructure, adds to the broader ecosystem picture, although technical improvements do not guarantee short-term price gains.
$ZEC
#zec
The chart suggests a support level of $1,020 -$1,090 while in the near term there is support at $1,077 - $1,109. Keeping these areas intact will allow the current trend continuation pattern to keep being valid.
If price moves up and goes beyond $1,300 it may enhance the bullish signal and the $1,539 point can become the next target. However, these are technical targets, not guaranteed price outcomes.
On the downside, $918 has been identified as an important invalidation level. A sustained move below it could significantly weaken the current bullish structure.
Zcash's ongoing network development, including upgrades focused on shielded transactions and infrastructure, adds to the broader ecosystem picture, although technical improvements do not guarantee short-term price gains.
$ZEC
#zec