ZEC Aims to Break Out Above Its March High

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In Brief
  • -ZEC/USD has reached a major resistance area at $74.50. The next major resistance is found at $125.

  • -The price has broken out from a long-term ascending parallel channel

  • -ZEC/BTC is facing resistance at ₿0.00675.

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The Zcash (ZEC) price has broken out from a parallel channel in place since March. If it successfully breaks out above the long-term $74 resistance area, it could rapidly accelerate. ZEC Attempts to Break the March High The ZEC price has been increasing since it reached a bottom on March 13. The rise was gradual, taking the shape of a parallel ascending channel. On July 27, the price

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Valdrin is a cryptocurrency enthusiast and financial trader. After obtaining a masters degree in Financial Markets at the Barcelona Graduate School of Economics he began working at the Ministry of Economic Development in his native country of Kosovo. In 2019, he decided to focus full-time on cryptocurrencies and trading.

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