Zcash: Native — The consolidation on the 4-hour chart has become increasingly clear. 📉 The price is trapped between a descending trendline and an ascending support level. We’re approaching the apex of the triangle, so a strong breakout is likely. 🔼 Breakout above 530–535: Could accelerate upward momentum. 🔽 Breakdown below 520–525: Structure invalidates, potentially increasing selling pressure. The direction in ZEC remains unclear, but a move is imminent. It’s wiser to wait for the breakout.
CoinHuntersShare

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.