$ZEC is coiling for what could be a significant move. After an explosive run from ~$500 into the $800s, price didn’t collapse, it accepted the higher range and began consolidating. Now we have: • Repeated pressure against ~$860 resistance • Progressively higher lows • Declining volume during consolidation (typical) • RSI remaining strong • Rising structural support underneath price That’s classic bullish compression. The key is ~$860. A decisive daily close above it, followed by acceptance, puts $900 directly in play. And if $900 falls, the conversation quickly shifts toward $1,000. This doesn’t look like buyers losing control to me. It looks like price is coiling beneath resistance. The tighter the spring gets, the more violent the eventual expansion can be. $ZEC
Eric Van Tassel (Not a Financial Advisor!)Share

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.