ZEC is down 23% from $1,698. So, something interesting is happening behind the scenes only the pro-traders know📉
ZEC has been down pretty bad lately and is currently trading around $1,300 after that big rally to $1,698.
There is more going on than meets the eye though. Grayscale's ZCSH had $93M in outflows last week, meaning that there are still plenty of sellers around. 💸 At the same time though, Zcash isn't slowing down. NU7 is now in public testing, THORChain just added a ZEC liquidity pool, and the ecosystem itself is still growing while the price is cooling off. 🚀
The chart is what interests me the most though. $1,270-$1,300 is showing some strength for the moment.
Should buyers push the price back above $1,341, I'd start watching $1,413. 📈
If $1,270 breaks, I wouldn't be surprised to see another flush. ⚠️ After that monstrous run, is this a rug pull or did ZEC just make its peak?
#ZEC.每日智能策略 #zecash #ZECAnalysis $ZEC
ZEC has been down pretty bad lately and is currently trading around $1,300 after that big rally to $1,698.
There is more going on than meets the eye though. Grayscale's ZCSH had $93M in outflows last week, meaning that there are still plenty of sellers around. 💸 At the same time though, Zcash isn't slowing down. NU7 is now in public testing, THORChain just added a ZEC liquidity pool, and the ecosystem itself is still growing while the price is cooling off. 🚀
The chart is what interests me the most though. $1,270-$1,300 is showing some strength for the moment.
Should buyers push the price back above $1,341, I'd start watching $1,413. 📈
If $1,270 breaks, I wouldn't be surprised to see another flush. ⚠️ After that monstrous run, is this a rug pull or did ZEC just make its peak?
#ZEC.每日智能策略 #zecash #ZECAnalysis $ZEC
