With the 1600 US dollar level crossed, $ZEC is now already above it.
As the price moves to around 1619, the intraday high reached 1639 while the low dipped to 1445. The price has been extremely volatile during the session. After a series of consecutive rallies, market sentiment has clearly warmed up, but at this position, what matters more is whether the price can genuinely hold above 1600—not just whether there is a single upward move.
If support can continue to hold above 1600, 1639 becomes the most obvious near-term resistance area. Only after a breakout would there be a possibility of further opening room. If an attempt at 1639 fails and then the price falls back below 1600, the short-term focus should shift to potential pullbacks driven by profit-taking.
Right now, it’s more suitable to watch two levels: 1600 for support, and 1639 for a breakout. If the price pulls back toward 1600 and can hold, the trend will be easier to judge; if 1600 is lost, the short-term timing will need to be reassessed.
$ZEC
#比特币突破8.7万美元创八个月新高 #BitwiseNEAR质押ETP资产突破1亿美元
As the price moves to around 1619, the intraday high reached 1639 while the low dipped to 1445. The price has been extremely volatile during the session. After a series of consecutive rallies, market sentiment has clearly warmed up, but at this position, what matters more is whether the price can genuinely hold above 1600—not just whether there is a single upward move.
If support can continue to hold above 1600, 1639 becomes the most obvious near-term resistance area. Only after a breakout would there be a possibility of further opening room. If an attempt at 1639 fails and then the price falls back below 1600, the short-term focus should shift to potential pullbacks driven by profit-taking.
Right now, it’s more suitable to watch two levels: 1600 for support, and 1639 for a breakout. If the price pulls back toward 1600 and can hold, the trend will be easier to judge; if 1600 is lost, the short-term timing will need to be reassessed.
$ZEC
#比特币突破8.7万美元创八个月新高 #BitwiseNEAR质押ETP资产突破1亿美元