Zcash (#zec ) has retreated from its late-September high of $1,700 and is currently fluctuating around $1,236. Although the price found support near $1,190, short-term upward momentum has weakened, and the outlook remains uncertain.
Key levels:
Support: $1,190. A break below this level could lead to a decline toward $1,100 or even $1,000.
Resistance: $1,300. A breakout could pave the way for a test of $1,350 and $1,400; in a strong scenario, the price could retest $1,700.
In short, for ZEC to continue rising, it needs to break above $1,300 on increased volume. If it falls below $1,190, watch for a further pullback.
Key levels:
Support: $1,190. A break below this level could lead to a decline toward $1,100 or even $1,000.
Resistance: $1,300. A breakout could pave the way for a test of $1,350 and $1,400; in a strong scenario, the price could retest $1,700.
In short, for ZEC to continue rising, it needs to break above $1,300 on increased volume. If it falls below $1,190, watch for a further pullback.