Zcash ($ZEC) is showing an interesting technical setup.
The chart appears to be forming a bullish divergence, which could indicate weakening downside momentum and the possibility of a trend reversal.
If buyers step in and price confirms the reversal with a higher high, the next key challenge will be the descending trendline. A clean breakout above that trendline could strengthen the bullish structure.
đč Bullish divergence â Potential reversal
đč Higher high â Confirmation
đč Trendline breakout â Stronger bullish signal
The chart appears to be forming a bullish divergence, which could indicate weakening downside momentum and the possibility of a trend reversal.
If buyers step in and price confirms the reversal with a higher high, the next key challenge will be the descending trendline. A clean breakout above that trendline could strengthen the bullish structure.
đč Bullish divergence â Potential reversal
đč Higher high â Confirmation
đč Trendline breakout â Stronger bullish signal
