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Zcash impresses with 520% monthly gains: Can the ZEC price rally continue?

From cointelegraph.com

Zcash has soared over 520% in the past month, even defying the broader crypto sell-off that wiped out $20 billion in leveraged positions over the weekend. The privacy coin’s surge brought it within striking distance of the $300 level, a price not seen since December 2021, positioning ZEC among the market’s standout performers. Can ZEC’s price rise any further from its current levels, or is a cooldown overdue? Zcash’s explosive uptrend appears to be consolidating within a classic bull flag pattern, a continuation setup that typically precedes another leg higher. The latest candle on the four-hour chart has formed a ... (full story)

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  • Category: Technical Analysis