ZEC Technical Outlook – Can It Reach $80?
Can ZEC reach the $80 level, implying a +60% potential gain? It’s possible — but there are key resistance and support levels to watch closely.
The first major resistance lies around $55, which might be tested soon. However, there is also a possibility of a fake breakout above this level, followed by a short-term correction.
In such a case, price could pull back toward the $40 support zone, which may act as a stronger base for a more sustainable move to the upside.
📈 For now, the trend remains bullish, but price action around $55 will be critical in shaping the next move.
📌 This analysis is for educational and informational purposes only and does not constitute financial advice.
📝 Follow for more updates on ZEC and other crypto assets.
Can ZEC reach the $80 level, implying a +60% potential gain? It’s possible — but there are key resistance and support levels to watch closely.
The first major resistance lies around $55, which might be tested soon. However, there is also a possibility of a fake breakout above this level, followed by a short-term correction.
In such a case, price could pull back toward the $40 support zone, which may act as a stronger base for a more sustainable move to the upside.
📈 For now, the trend remains bullish, but price action around $55 will be critical in shaping the next move.
📌 This analysis is for educational and informational purposes only and does not constitute financial advice.
📝 Follow for more updates on ZEC and other crypto assets.
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ZEC Update – Testing Key ResistanceZEC has now reached the key resistance zone, and there is a possibility of a fake breakout before a potential correction.
If you entered based on the previous analysis, this could be a good moment to consider partial profit-taking (secure some gains).
However, if the resistance is broken with strong confirmation, the price may continue to rise without a significant pullback.
📌 As always, price action around resistance levels will provide more clarity in the coming sessions.
📘 This update is for educational purposes only and does not constitute financial advice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.