A big rise that makes everyone focus on ZEC
The ZEC coin made a very strong jump this week...
It reached approximately 444 dollars after a daily rise of about 17% and a weekly rise of 28%, and this is a number that makes any trader stop and say:
"Wait... where is this coin heading?"
The launch started after breaking the level of 407 dollars and turning it into new support... and this is always a sign that there is an intention for continuous rise, especially when liquidity starts to gradually enter.
The most important areas of the path… and potential targets
Now the price is approaching a significant resistance at Fibonacci 0.382 around 472 dollars.
If it can break it steadily, then we might see targets closer to:
• 525 dollars
• 616 dollars (and this is the target that many people are asking about)
But… all this will depend on two very important things:
The price continues above the moving average MA50 at 357 dollars
The strength of buying momentum
And we must pay attention that the RSI is at 69… which means we are close to the overbought area.
Whales are buying… the small ones are selling
Ardi's analysis says that small and medium wallets are selling heavily...
But the surprise?
Large wallets (between 100K and 10M dollars) are moving against the trend… and have been buying more than 100 million dollars recently!
And that means that the 'big players' see an opportunity… or are building positions in preparation for an upcoming move.
But in another analysis, it says that there is price rejection near 425 dollars,
And along with a decrease in trading volumes + divergence between derivative contracts and the spot.
And this makes you ask:
Is this a temporary correction? Or the beginning of weakness in momentum?
The coming hours will determine
ZEC has a very important test ahead...
If it breaks the resistance of 472 dollars and stays above, the path to 525 then 616 becomes very logical.
But if the breakout fails and goes back below 407...
At that time, we might see a deeper correction before any new attempt to rise.
As a trader… it’s best to follow price behavior, liquidity levels, and contract positions...
And then enter a calculated trade instead of chasing the candles.
And this is always what distinguishes the winning trader… from the one who enters emotionally.
Privacy coins are now the best
