$ZEC Bulls Under Pressure as Long Liquidations Hit
ZEC recorded 3.2483K dollars in long liquidations on Binance at 1223.46 dollars.
Leveraged buyers are under pressure, and traders are watching whether Zcash can defend support or face another decline.
Support sits near 1210 dollars, followed by 1190 dollars.
Resistance stands around 1245 dollars. A confirmed breakout could target 1270 dollars and 1300 dollars.
If support breaks, selling pressure could increase. A strong recovery above resistance could bring bullish momentum back.
ZEC is approaching a critical decision zone.
$ZEC $BTC
#BitcoinShortTermHoldersReach4.08MBTC #OctoberFedHikeOddsFallToAround17% #NEARRisesNearly10% #AustraliaProposesCryptoTransactionReportingLaw #SolanaAlpenglowUpgradeToActivateOnOct21
ZEC recorded 3.2483K dollars in long liquidations on Binance at 1223.46 dollars.
Leveraged buyers are under pressure, and traders are watching whether Zcash can defend support or face another decline.
Support sits near 1210 dollars, followed by 1190 dollars.
Resistance stands around 1245 dollars. A confirmed breakout could target 1270 dollars and 1300 dollars.
If support breaks, selling pressure could increase. A strong recovery above resistance could bring bullish momentum back.
ZEC is approaching a critical decision zone.
$ZEC $BTC
#BitcoinShortTermHoldersReach4.08MBTC #OctoberFedHikeOddsFallToAround17% #NEARRisesNearly10% #AustraliaProposesCryptoTransactionReportingLaw #SolanaAlpenglowUpgradeToActivateOnOct21