Zcash / TetherUS

ZEC/USDT Break the resistance or back to testing ??

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đź’Ž ZEC has undeniably garnered significant attention in the market. Presently, ZEC is grappling with a formidable resistance area and encountering challenges in breaking through. The historical price data reveals a flash dump following attempts to breach this robust resistance. A successful breakout from this resistance zone, probability could pave the way for reaching our target in the near future.

đź’Ž In the event of a failure to break through in the immediate future, there's a likelihood of a valid rejection, signaling a potential downward movement towards the demand area. This could instigate a new momentum to attempt another breakout.

đź’Ž The unfavorable scenario unfolds if, during the retesting phase at the demand area, ZEC struggles to maintain its position and eventually breaches the demand zone. In such a scenario, ZEC would revert to a bearish movement, potentially retracing to the strong support demand area.

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