Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#美国消费者物价指数发布在即 Can ZEC break through? The key lies in this support level
After the selling pressure on Zcash (ZEC) subsided, the price stabilized near the upward trendline. This is no coincidence—it indicates that market bottom buyers are accumulating. Although there was a previous downward sweep, the current rebound signals that bulls still have strength.
The question is, how far can this rebound go?
Currently, ZEC is in a classic "support vs. resistance" standoff. There is support below and resistance above, and the price in the middle depends on who has more chips.
**Support side**: The buy orders near the trendline are quite stable, unlikely to be broken in the short term. This is a reassurance for bulls—indicating many are bottom-fishing.
**Resistance side**: The upper boundary of the oscillation range acts like a ceiling. Once ZEC breaks through here, the rhythm changes—more traders may follow the trend and go long, potentially accelerating the rally. But if it gets stuck here, caution is advised.
**Three possible scenarios**: Either break through resistance into a new upward cycle; or repeatedly attempt to break through but fail, then retest support; or oscillate within the range, waiting for new market catalysts.
**Practical operation**: When a breakout signal appears, you can go long, but be sure to set a stop-loss. If it cannot break this resistance and instead falls below support, it’s time to cut losses.
ZEC is now at a crossroads. In the coming weeks, whether it breaks or not will determine the overall trend.
$BTC $ETH $ZEC