How Long Can This Breakout Rally Last In Zcash (ZEC)?
At press time, it ranked 3rd in the list with nearly 19% intraday gains, massive gains of 50% this week, and a spectacular surge this month by more than 135% growth.
After deteriorating from an ATH ever price to a registered ATL of $15.87 by July 5th, the price has advanced higher and managed to surpass the YTD ATH of $35.62 mark.
The price structure seemed like a bullish pattern, precisely the falling wedge. The ZEC has pierced both dynamic EMA bands of 50-day and 200-day EMA, with recent liquidity grab bulls' urge for more gains crystal clear.
On continued bullish optimism, there seems to be a higher chance that the price could attain 2023 yearly highs of $51.68, contingent on buyers' activity.
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