In March 2020, Zcash (ZECUSD) experienced its all-time low. Fast forward to June 2023, Zcash marked another significant point in its history, reaching its lowest level since that all-time low, a noteworthy duration of 898 days. This recent low might signify the end of the consolidation phase, setting the stage for an upward movement to at least the mid-range.
A key bullish indicator is the break in the RSI downtrend, which has been ongoing for nearly three years. This development suggests a positive shift in market sentiment.
Considering these factors, the ideal buying zone for Zcash is projected to be between $24 and $28. This range represents a strategic entry point based on current market trends and the recent break in the RSI downtrend."
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.
A key bullish indicator is the break in the RSI downtrend, which has been ongoing for nearly three years. This development suggests a positive shift in market sentiment.
Considering these factors, the ideal buying zone for Zcash is projected to be between $24 and $28. This range represents a strategic entry point based on current market trends and the recent break in the RSI downtrend."
Risk warning, disclaimer: the above is a personal market judgment based on published information and historical chart data on Tradingview, all analysis is only subjective. Hope investors consider, that I am not responsible for your investment decision.
Thank you.