#数字货币市场洞察 Zcash’s price movement over the past 12 hours has been pretty wild.

On the short side, $5.36 million in positions got liquidated, and the price shot up right after. Buy orders are clearly more active than before, and the RSI is climbing up from oversold territory at a decent pace.

The key now is whether it can hold above the previous support level that got broken, which has now turned into resistance. If it really breaks back above this level, there could be more action to come.

We’ll see the direction in the next couple of days. Some are calling for $500 by the weekend, but it’s hard to say if there’s enough momentum. $ZEC Whether this bullish comeback is just a flash in the pan or the real deal, we’ll have to wait and see. Market sentiment is definitely shifting, but how far this can go all depends on whether the volume can keep up.