The market, ever the melancholic, laments as most coins languish in the red, their fortunes as bleak as a Victorian parlour in winter. 🐶💸
ZEC/USD
The rate of ZEC has rocketed by almost 10% over the last 24 hours, a meteoric ascent if one ignores the fact that it’s merely a 10% increase. 🚀
On the hourly chart, the price of ZEC has made a false breakout of the local resistance of $706. A trickster, if you will, dancing just out of reach. 🕵️♂️
However, if the daily bar closes near that mark, the upward move may continue to the $720-$730 range. A hopeful dream, like a daisy in a desert. 🌻
On the bigger time frame, the situation is rather more bullish than bearish. If a breakout of the $750 level occurs, the accumulated energy might be enough for a price blast to the $800 zone. A champagne toast for the optimistic. 🥂
From the midterm point of view, one should focus on the weekly candle’s closure in terms of the nearest resistance. If bulls can hold the initiative, there is a chance to see a test of a new all-time high by the end of the month. A gamble, but what is life without a little risk? 🎰
ZEC is trading at $703.53 at press time. A number so small, it’s practically a secret. 🔐
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2025-11-20 19:26