ZEC MARKET OUTLOOK: IS A CORRECTION COMING?
Zcash ( $ZEC ) continues to attract attention as privacy demand grows, supported by its privacy-focused technology, institutional interest, and the upcoming NU7 upgrade, which targets 25-second block times. These developments could strengthen the network’s appeal and influence market activity.
From a technical perspective, ZEC has enjoyed strong bullish momentum over the past few months, forming higher highs and higher lows. However, after this extended upward movement, I am watching for a potential retracement as selling pressure returns. Although ZEC could still push toward $1,247, my current strategy is to look for a short opportunity.
My ZEC/USDT Trading Setup:
* Position: SHORT
* Entry: $1,222.70
* Stop Loss: $1,271.10
* TP1: $1,182.59
* TP2: $1,126.34
* TP3: $1,058.76
Beyond ZEC, $UNI is also worth watching, with protocol revenue, token burns, and continued DeFi growth supporting its market narrative.
Traders can explore both assets on Bitget and participate in the ongoing trading campaign. Always manage risk and remember that market conditions can change quickly.
#Bitget #ZEC #UNI
Zcash ( $ZEC ) continues to attract attention as privacy demand grows, supported by its privacy-focused technology, institutional interest, and the upcoming NU7 upgrade, which targets 25-second block times. These developments could strengthen the network’s appeal and influence market activity.
From a technical perspective, ZEC has enjoyed strong bullish momentum over the past few months, forming higher highs and higher lows. However, after this extended upward movement, I am watching for a potential retracement as selling pressure returns. Although ZEC could still push toward $1,247, my current strategy is to look for a short opportunity.
My ZEC/USDT Trading Setup:
* Position: SHORT
* Entry: $1,222.70
* Stop Loss: $1,271.10
* TP1: $1,182.59
* TP2: $1,126.34
* TP3: $1,058.76
Beyond ZEC, $UNI is also worth watching, with protocol revenue, token burns, and continued DeFi growth supporting its market narrative.
Traders can explore both assets on Bitget and participate in the ongoing trading campaign. Always manage risk and remember that market conditions can change quickly.
#Bitget #ZEC #UNI
