ZEC's recent performance has indeed been impressive, and this wave B rebound has exceeded expectations. Most of the short positions have been wiped out, and the defensive stance in the pattern has also failed to hold.
Looking at the current technical situation, the 530 to 550 range is a critical resistance zone. If we can effectively break through here, there is still a chance to revisit 600 or even higher levels. The rhythm of this rebound is quite good, so continue to observe whether it can hold above the key resistance.
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ForkInTheRoad
· 12h ago
530 to 550 is really a hurdle; if it can't break through, it feels like a pullback is coming again.
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not_your_keys
· 12h ago
The short positions have been wiped out completely, this rhythm is indeed a bit intense.
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ProofOfNothing
· 12h ago
I really didn't expect ZEC to rebound so strongly this time. The guys who shorted probably got hit hard.
Definitely keep an eye on 530-550; if it breaks, it might head straight to 600.
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MEV_Whisperer
· 12h ago
If 530-550 can't be broken, it's game over. Watching closely.
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HashBandit
· 12h ago
ngl zec's pump is wild but like... reminds me of back in my mining days when hashrate spikes meant nothing if network congestion tanked your actual rewards. gas fees on layer 1 would just murder your ROI calculations, y'know?
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GasFeePhobia
· 13h ago
Short positions wiped out completely, this is the crypto world haha
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If 550 can't be broken, it feels like it will continue to fluctuate, keep watching
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Wave B rebound is strong, but don't be fooled
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This rhythm is really comfortable, just see if it can hold above 600
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Another successful shakeout, the retail investors are about to pay their tuition again
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Resistance level can't be broken, still need to wait
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The rebound is so fierce, it feels like it will be very aggressive later
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I bet it will break 550, what do you think
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Rugman_Walking
· 13h ago
The short position was completely wiped out; this pace is really uncomfortable.
ZEC's recent performance has indeed been impressive, and this wave B rebound has exceeded expectations. Most of the short positions have been wiped out, and the defensive stance in the pattern has also failed to hold.
Looking at the current technical situation, the 530 to 550 range is a critical resistance zone. If we can effectively break through here, there is still a chance to revisit 600 or even higher levels. The rhythm of this rebound is quite good, so continue to observe whether it can hold above the key resistance.