Main meals
What feed the march of your uniform?
ZCash jumped by 58 %, with a maximum market exceeding $ 2.3 billion, with CVD Taker Futures Taker showing a strong hegemony by the buyer.
Can ZCash momentum carry?
The completion of the resistance of $ 100, but the neutral spot indicators left the sustainability unconfirmed without flows in the broader market.
Zcash [ZEC] The market surprised 58 %, at the time of the press, during the past 24 hours, and raised its price near $ 146.
The boom pushed the roof of the trading market to $ 2.27 billion, drawing a new attention to the distinctive symbol that focuses on privacy.
Ampcrypto will dismantle what this teacher means, and how future contract market data reflects the location traded, and whether technical plans support a sustainable step across a level of $ 100.
The market value in ZEC reaches a high percentage of the record
The crossing of $ 2 billion is more than just a major achievement for ZEC.
The market value is not only reflects the price of price, but also reflects the evaluation of the network in general and the highest new level ever has been that the investor’s confidence in ZE was enhanced.
For a distinctive symbol that usually sits out of attention from the first degree, this teacher has pointed out a shift in perception. Traders suggested that the door can be opened for more flows and higher resistance tests.
Source: Token Terminal
Futures tilt towards buyers
In addition to the upscale expectations, Cryptoquant Futures Taker Cumulative Delta (CVD) indicated that the buyer’s clear domination of the market is benefiting from it.
The scale shed light on how the size of the purchase side exceeds the sales side flows, indicating the condemnation of the ZEC rally.
However, the size of the buyer’s dominance remained less than the levels seen in the previous bull courses in ZEC. This financial leverage suggested support on the assembly, but the condemnation has not yet reached the levels of euphoria.
The local indicators remained neutral at the time of the press, leaving the traders to see whether the future pressure will flow into the immediate ZEC market.
Source: Cryptoquant
Zcash technicals also lean climbing
On the contrary, TradingView charts showed that ZEC extended its three -day height after leaving the Tawhid channel. Psychological resistance has left $ 100 traders looking to 200 dollars if the momentum continues.
Polyinger’s daily ranges expanded to the highest levels in the years, at the time of the press, confirming the severe fluctuations. This referred to the possibilities of continuing, but also warned of the dangers of recovery as gaps are continuing.
At the same time, the random momentum index hovers above 60, which indicates a strong momentum but not after a severe exhaustion.
The bias bowed up, although merchants put warning signals of excessive progress.
Source: TradingView
Momentum or excessive?
Draw the combination of the peak of the maximum of the new market and the dominance of the future market buyers in the short term in the short term of ZEC.
If the momentum continues, merchants and investors alike may be able to see more prices in the coming days.
However, sustainability is still the main question. Without monitoring from the wider market conditions and immediate activity, the gatherings driven by future traders in the first place can risk rapid repercussions.
