$ZEC breaks through $1600
The整理 at $1500 didn’t go to waste!
After $ZEC surged up to $1595 and then pulled back, many people were急着喊喊 it was the top. But the price never really moved far away from $1500. Now it has broken back above $1600, and the previous high has already been taken out.
I reminded people about bottom-buying around $1130–$1150. By the time it reached $1600, the upside is already close to 40%. During this period, ZEC hasn’t been rising in a straight line every day. Instead, after each breakout, it goes through a pullback, then attempts higher prices again.
As of September 20, about 4.91 million ZEC are in the privacy pool, accounting for roughly 29% of the total supply. Privacy demand is one of the reasons I’ve long been bullish on it. But whether it can keep trending up in the short term still depends on trading volume and the behavior during pullbacks above $1600.
I won’t rush to sell just because it has recently broken through $1600. For the next leg, I’m first looking at $1800. When it pulls back, the key point is whether $1600 can flip from resistance to support.
The整理 at $1500 didn’t go to waste!
After $ZEC surged up to $1595 and then pulled back, many people were急着喊喊 it was the top. But the price never really moved far away from $1500. Now it has broken back above $1600, and the previous high has already been taken out.
I reminded people about bottom-buying around $1130–$1150. By the time it reached $1600, the upside is already close to 40%. During this period, ZEC hasn’t been rising in a straight line every day. Instead, after each breakout, it goes through a pullback, then attempts higher prices again.
As of September 20, about 4.91 million ZEC are in the privacy pool, accounting for roughly 29% of the total supply. Privacy demand is one of the reasons I’ve long been bullish on it. But whether it can keep trending up in the short term still depends on trading volume and the behavior during pullbacks above $1600.
I won’t rush to sell just because it has recently broken through $1600. For the next leg, I’m first looking at $1800. When it pulls back, the key point is whether $1600 can flip from resistance to support.