đ $ZEC is getting a little ridiculous again... and yeah, Iâm watching this one closely. đ
Price is around $851.7, up 5.67% in 24H, with a range from $766 to $888 and roughly $257M in USDT volume.
The daily chart is the part that matters.
This isnât some random bounce from nowhere... ZEC spent weeks building around the $450-$570 area, then broke out hard and basically repriced itself into a completely different zone.
Now the real question is whether $800-$820 becomes support.
If bulls keep defending that area, then $888 probably gets tested again... and above that, $900-$920 is the obvious next headache for sellers.
But if $800 gives way, Iâd expect a much deeper cooldown toward $740-$760 before this thing looks comfortable again.
One thing I donât love?
Order book is heavily ask-side here, around 71%.
So momentum is still strong... but sellers are clearly waiting upstairs.
Right now?
$ZEC still looks bullish.
Just not the kind of bullish where Iâd blindly chase a vertical daily candle and pray gravity took the day off. đđ
#Zcash #BitcoinStrongestWeekSinceMarch2023 $TRUMP #GrayscaleFilesFifthZECETFAmendment
Price is around $851.7, up 5.67% in 24H, with a range from $766 to $888 and roughly $257M in USDT volume.
The daily chart is the part that matters.
This isnât some random bounce from nowhere... ZEC spent weeks building around the $450-$570 area, then broke out hard and basically repriced itself into a completely different zone.
Now the real question is whether $800-$820 becomes support.
If bulls keep defending that area, then $888 probably gets tested again... and above that, $900-$920 is the obvious next headache for sellers.
But if $800 gives way, Iâd expect a much deeper cooldown toward $740-$760 before this thing looks comfortable again.
One thing I donât love?
Order book is heavily ask-side here, around 71%.
So momentum is still strong... but sellers are clearly waiting upstairs.
Right now?
$ZEC still looks bullish.
Just not the kind of bullish where Iâd blindly chase a vertical daily candle and pray gravity took the day off. đđ
#Zcash #BitcoinStrongestWeekSinceMarch2023 $TRUMP #GrayscaleFilesFifthZECETFAmendment
