ZEC wrote the words “high volatility” on the candlestick chart again.
PANews reports that according to the OKX exchange data, ZEC broke above $1,600, topping at $1,697.45 and setting a new all-time high. It is currently trading at $1,642.22, up 5.79% over the past 24 hours.
If we treat $1,600 as the new dividing line, what’s worth keeping an eye on next is whether it can hold this level; if trading volume continues to expand, trend trading and FOMO sentiment typically become more pronounced. On the other hand, pullbacks after setting a new high often happen faster too. Which fits you better: chasing after the move, or waiting for a pullback?
Figure 1: ZEC breaks above $1,600 to hit a new all-time high · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0e040-75a1-766e-ba83-c72a5a0fd798
PANews reports that according to the OKX exchange data, ZEC broke above $1,600, topping at $1,697.45 and setting a new all-time high. It is currently trading at $1,642.22, up 5.79% over the past 24 hours.
If we treat $1,600 as the new dividing line, what’s worth keeping an eye on next is whether it can hold this level; if trading volume continues to expand, trend trading and FOMO sentiment typically become more pronounced. On the other hand, pullbacks after setting a new high often happen faster too. Which fits you better: chasing after the move, or waiting for a pullback?
Figure 1: ZEC breaks above $1,600 to hit a new all-time high · Source: partial screenshot of the page
Image source: https://www.panewslab.com/zh/articles/01a0e040-75a1-766e-ba83-c72a5a0fd798
