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🚀 $ZEC : there is growth, but risks remain
Zcash is trying to recover from a >55% drop. The price is now around $440, close to the resistance of $442. The RSI has broken through the 50 → short-term bullish signal, but the momentum has not yet been consolidated.
Key factors:
• Negative correlation with BTC (-0.47) → Bitcoin's growth may put pressure on ZEC.
• To recover before $520 нужно, consolidation above $442 и steady demand.
• Full recovery to $700 требует a favorable movement of the entire market.
Risks: a pullback to $403 – $340 при failure of the resistance breakout.
➡️ Bottom line: local rallies are possible, but ZEC is still sensitive to BTC and the overall market.
#️⃣ #ZEC #Zcash #CryptoNews #Altcoins