🔥 $ZEC / Zcash — Bulls Face Real Test ⚡
$ZEC price has clearly broken through the ascending triangle pattern, successfully surpassing $380 and turning it into local support. This means market momentum has officially returned.
However, the real decision-making area lies between $440 and $450. Here are the crucial reasons for this area:
* 38.2% Fibonacci retracement level — This is the level where the price previously held strong before dropping to $300.
* Major liquidity blocks on multiple time frames — Whales have actively defended this area before, making it a proven reaction zone.
If the price can break through strongly and stabilize above $440, the market structure will officially turn bullish. This will open the door for the price to further expand towards the upper supply area.
But be aware: after a significant sell-off, the market often experiences false breakouts. This is usually done by breaking through minor resistance to lure in buyers, followed by a deeper washout.
$440 is the key defense line for determining the authenticity of the breakout. If $ZEC can reclaim and hold this level, then the bullish argument will be genuine and reliable, rather than just empty hope.
⚡ Keep a close eye on $440 — this is the dividing line where ZEC stops false breakouts and truly begins to establish a trend.
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