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ZEC (7.21)
After days of continued consolidation and volatility adjustments, the ZEC head suppression by Guju has been fully dissolved, and the whale funds have kicked off a strong reversal in the trend. On the one-hour cycle, the market stabilized around the Bollinger middle band, then moved into a sustained, continuous rally. In the short term, upward momentum has been released sufficiently. Below, 527 forms a strong support zone, and the buying order’s absorption strength remains stable. The upward channel has already opened, and the target for this round of rebound is expected to reach around 588.
Recommendation
At: 535-525, target 563-588.