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 discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto's Senior Analyst.

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