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#ZECBreaks1200HitsNewAllTimeHigh
Yes, the chances of continued rise in privacy-focused cryptocurrencies are high, but the movement is becoming increasingly leverage-driven.
ZEC is currently trading above $ZEC with an intraday high around $XMRRecent reports point to ETF inflows and a large squeeze as key catalysts.
What's important next:
* $DASHA crucial psychological breakout level. Staying above this level will strengthen the bullish structure.
* $1,500:If the breakout remains consistent, a potential next momentum target.
* $1,000-$1,050:The area I will be watching most closely for a healthy retest. Losing this region could indicate that the breakout was primarily a squeeze
Yes, the chances of continued rise in privacy-focused cryptocurrencies are high, but the movement is becoming increasingly leverage-driven.
ZEC is currently trading above $ZEC with an intraday high around $XMRRecent reports point to ETF inflows and a large squeeze as key catalysts.
What's important next:
* $DASHA crucial psychological breakout level. Staying above this level will strengthen the bullish structure.
* $1,500:If the breakout remains consistent, a potential next momentum target.
* $1,000-$1,050:The area I will be watching most closely for a healthy retest. Losing this region could indicate that the breakout was primarily a squeeze