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ZEC holding that $310 support level pretty nicely lately. Bulls are pushing hard trying to crack through this resistance pattern. Question is - can this momentum actually stick around?
The bounce off 310 looks decent on the charts, and there's definitely some buying pressure building up. But we've seen these fake-outs before with privacy coins. The volume needs to confirm if this breakout attempt is legit or just another bull trap.
Anyone tracking the on-chain metrics? Would be interesting to see if whale activity matches this price action. Could determine whether ZEC has legs to run higher or if we're just seeing another temporary pump before the next consolidation phase.