$ZEC shows that Zcash is moving inside an ascending channel, which indicates short-term bullish momentum. Price recently bounced from the lower trendline around the $330–$340 zone and has moved up sharply toward the upper trendline.
Key Points:
Current price is around $419.
Price is approaching the upper resistance trendline, which lies near $435–$450.
This area can act as a rejection zone, so a pullback is possible.
As long as price stays inside the channel, the trend remains upward.
Possible Moves:
If price rejects from the top, it may fall back toward the middle of the channel or the lower trendline near $360–$370.
A breakout above $440 with strong volume can start a bigger bullish move.
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