ZEC Rallies Into Major Resistance — Is a 5% Correction Coming Next?
Zcash has joined the broader crypto market recovery, posting a strong double-digit rally as bullish momentum returned across the market.
However, $ZEC is now approaching one of the most important resistance structures on its chart.
Technical Analysis
The current resistance cluster includes:
Resistance Zone: ($1,385-$1,460)
Cumulative Short Liquidation Leverage: ($1,393-$1,438)
61.8% Fibonacci Level: Daily timeframe
The convergence of these three technical factors creates a Heavy Resistance Cluster.
Because of this structure, I do not expect ZEC to achieve a confirmed breakout on its first attempt.
I expect selling pressure to increase once price enters this area, potentially triggering a correction of at least 5%.
The reaction inside ($1,385-$1,460) will therefore be critical.
A strong rejection would support the short-term corrective scenario, while a confirmed breakout and stabilization above this structure would significantly strengthen the bullish outlook.
What comes first for ZEC?
🟢 Confirmed breakout above $1,460
🔴 5%+ correction from resistance
#zcash
Zcash has joined the broader crypto market recovery, posting a strong double-digit rally as bullish momentum returned across the market.
However, $ZEC is now approaching one of the most important resistance structures on its chart.
Technical Analysis
The current resistance cluster includes:
Resistance Zone: ($1,385-$1,460)
Cumulative Short Liquidation Leverage: ($1,393-$1,438)
61.8% Fibonacci Level: Daily timeframe
The convergence of these three technical factors creates a Heavy Resistance Cluster.
Because of this structure, I do not expect ZEC to achieve a confirmed breakout on its first attempt.
I expect selling pressure to increase once price enters this area, potentially triggering a correction of at least 5%.
The reaction inside ($1,385-$1,460) will therefore be critical.
A strong rejection would support the short-term corrective scenario, while a confirmed breakout and stabilization above this structure would significantly strengthen the bullish outlook.
What comes first for ZEC?
🟢 Confirmed breakout above $1,460
🔴 5%+ correction from resistance
#zcash