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🚀 $ZEC /USDT — Breaking Out With Strength 📊
ZCash just posted a clean +3.96% move on the 4H, and the structure looks bullish.
📌 What's happening:
Price bottomed near $1,068 and rallied hard, ripping straight through the 0.5, 0.618, and 0.786 Fib retracement levels on strong volume. That's not a weak bounce — that's real buying pressure pushing through resistance after resistance.
🔑 Key levels:
Resistance: ~$1,400
Current: ~$1,371
Support: $1,360–1,368 (former high, now flipped support)
Deeper support: $1,304 → $1,254
Right now price is consolidating just above the 1.0 Fib extension — basically catching its breath after the breakout rather than reversing. As long as ZEC holds above the $1,300–1,320 zone, the trend structure still favors continuation.
👀 Watching for a clean hold above $1,368 to confirm the next leg up. A dip back into $1,300–1,254 wouldn't break the trend — it'd just be a healthy retest.$ZEC
#ZCash #GateSquare #Crypto #TechnicalAnalysis
⚠️ Not financial advice — DYOR before trading.