$ZEC Up 6% to 1305; as long as 1216 holds, I’m bullish
Currently $1,306, up 6.06% in 24h
Is this rally over?
Straight answer: not yet. The price is at 1305, still some way from 1348, with 1216 as the line in the sand.
1216 has held for two days. As long as it doesn’t break, I’m staying bullish;
If the price gets pushed back below 1216, I’ll stop talking about being bullish immediately.
1348 is the real short-term hurdle above. A high-volume breakout would open things up; if it just taps that level and pulls back, we’re still range-bound.
On the news front, a whale put $32 million in after the recent drop. Add in the buzz around quantum-resistant wallets, and it’s no surprise there are buyers stepping in today.
But don’t expect it to surge in one go. The 4-hour moving averages haven’t turned bullish yet, but the price has already climbed above them, which suggests there’s support underneath.
Funding rates are slightly positive—not exactly a mad scramble to get in.
One gripe: every time I see a headline asking whether the key round-number level can hold, the price is already at 1305. Clickbait headlines are more creative than I am.
#ZEC #交易
Currently $1,306, up 6.06% in 24h
Is this rally over?
Straight answer: not yet. The price is at 1305, still some way from 1348, with 1216 as the line in the sand.
1216 has held for two days. As long as it doesn’t break, I’m staying bullish;
If the price gets pushed back below 1216, I’ll stop talking about being bullish immediately.
1348 is the real short-term hurdle above. A high-volume breakout would open things up; if it just taps that level and pulls back, we’re still range-bound.
On the news front, a whale put $32 million in after the recent drop. Add in the buzz around quantum-resistant wallets, and it’s no surprise there are buyers stepping in today.
But don’t expect it to surge in one go. The 4-hour moving averages haven’t turned bullish yet, but the price has already climbed above them, which suggests there’s support underneath.
Funding rates are slightly positive—not exactly a mad scramble to get in.
One gripe: every time I see a headline asking whether the key round-number level can hold, the price is already at 1305. Clickbait headlines are more creative than I am.
#ZEC #交易