Zcash (ZEC) has fallen 55% year-to-date, trading inside a bearish channel since December. Despite this, a bullish RSI divergence and rising open interest suggest potential for a short squeeze if the price breaks the upper trendline. However, big money flows are weakening, indicating some larger investors may be pulling out. Contrarily, the Smart Money Index shows informed traders are adding positions, betting on a breakout if ZEC can reclaim key resistance at $227. The next targets could reach up to $437 if a full breakout occurs, but failure to hold $227 risks further decline to $191.
Zcash (ZEC) has gained over 16% in the past week, rallying from lows near $368 to around $552 following an 11% jump in one session. This surge is driven by anticipation of the Ironwood shielded pool upgrade expected around July 28, which addresses a ...
Veteran trader Peter Brandt has identified a potential "inverted head and shoulders" bottom pattern in Bitcoin's price, suggesting a possible shift in momentum. However, he cautions that the pattern is unconventional and not yet confirmed. Meanwhile,...
Zcash (ZEC) is approaching the $600 mark after breaking out of a multi-week consolidation, showing strong bullish momentum. The price has surpassed key moving averages and resistance levels, supported by healthy trading volume and positive technical ...
Bitcoin is recovering after a long downtrend, stabilizing around $65,000 and aiming to break key resistance levels at $68,500 and $74,500. Ethereum is performing better, approaching its 100-day EMA resistance near $1,944 with strong buying momentum. ...
ZCash (ZEC) surged 13.85% on July 14 and continued rising by 1.6% the next day, breaking through key resistance levels at $500 and $560. This follows a recovery from a critical vulnerability discovered in May that caused a sell-off. Technical indicat...
