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🔥 ZEC: Short Squeeze Shifts Momentum Aggressively
$ZEC saw a major short liquidation near $669.04, reflecting strong buy-side pressure that forced bearish positions out of the market. This type of squeeze often accelerates price movement as liquidity gets rapidly cleared.
The structure now shows increased volatility expansion, meaning continuation or rejection from current levels will be critical.
📊 Key Levels:
• Support: $640
• Resistance: $705
• Next Target: $760
Holding above resistance would confirm bullish continuation and open the path toward higher liquidity zones. However, after strong squeezes, short-term cooling or retests are also common before continuation.
The key factor is whether momentum stabilizes after the forced exit of shorts.
Is this the start of a sustained breakout or just a volatility spike?