$ZEC is flying but cooling today.
Where it is:
- Price: $1,379 - $1,394 today
- Today: -2.45% after ranging $1,305 - $1,418
- Just had a 3.98% 1-hour pump to $1,394 that liquidated $1.72M in shorts
The bigger picture:
- a 5 day: -8.38%
- a month: +68.06%
- 6-month: +473.55%
- a year: +1,080%
- the ATH is $3,192 in 2016, sits -56% from ATH.
Where is it headed to
?
Privacy narrative is back. The Zcash shielded usage plus the talk of $ZEC EC being - private BTC, is pumping it hard along side King of crypto. And it's extremely overbought.
In Short term: Expect high volatility $1,300 - $1,550 range. If BTC holds $83k+, ZEC can push $1,500-$1,643 again (recent high). If $BTC drops, ZEC will drop harder - first support $1,300 then $1,150.
What are your thoughts about ZEC?