$ZEC is finally showing some signs of life after that brutal sell-off. 👀
I know $ZEC has disappointed a lot of buyers recently. Price kept falling from above $1,100, and every small recovery was followed by another dump.
But something has changed around the $950–$960 area.
Look at the chart. ZEC dropped below its recent lows, but instead of continuing down, buyers stepped in and pushed it back above $1,000.
That reaction caught my attention.
My expectation is that $ZEC could now move toward the liquidity resting above the recent highs. If buyers manage to hold $980–$1,000 and reclaim $1,020, we could see a stronger recovery toward $1,070–$1,080.
I'm watching $984 as an important level. A move below $952 would weaken this bullish setup.
I think the market could surprise traders who are still expecting another straight dump. My next target for ZEC is $1,070.
Let's see if buyers can keep this recovery alive.
I know $ZEC has disappointed a lot of buyers recently. Price kept falling from above $1,100, and every small recovery was followed by another dump.
But something has changed around the $950–$960 area.
Look at the chart. ZEC dropped below its recent lows, but instead of continuing down, buyers stepped in and pushed it back above $1,000.
That reaction caught my attention.
My expectation is that $ZEC could now move toward the liquidity resting above the recent highs. If buyers manage to hold $980–$1,000 and reclaim $1,020, we could see a stronger recovery toward $1,070–$1,080.
I'm watching $984 as an important level. A move below $952 would weaken this bullish setup.
I think the market could surprise traders who are still expecting another straight dump. My next target for ZEC is $1,070.
Let's see if buyers can keep this recovery alive.
