Today we have selected two tokens with high trading volume from the tokens listed on Binance for a brief analysis. They are HBAR and ZEC.
ZEC has maintained falling with fluctuation within a year. Since the beginning of June, the price has entered a new round of rebound. ZEC quickly repaired the losses at the end of May. Afterwards, bears increased and the price made a callback. In the next month, the price kept moving in the black angle, the volatility decreased, and the trading volume also decreased. Both bulls and bears are weak, and the gap is narrow.
Conclusion: Mostly fluctuation, and more likely to fall than rise. ZEC remains bearish on a large scale. So we come to this conclusion. Recently, the volatility has continued to decrease. If the black angle can be broken upwards or downwards, then in the short term, there will be a trend. We set resistance level at 34.3 and support level at 24.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
ZEC has maintained falling with fluctuation within a year. Since the beginning of June, the price has entered a new round of rebound. ZEC quickly repaired the losses at the end of May. Afterwards, bears increased and the price made a callback. In the next month, the price kept moving in the black angle, the volatility decreased, and the trading volume also decreased. Both bulls and bears are weak, and the gap is narrow.
Conclusion: Mostly fluctuation, and more likely to fall than rise. ZEC remains bearish on a large scale. So we come to this conclusion. Recently, the volatility has continued to decrease. If the black angle can be broken upwards or downwards, then in the short term, there will be a trend. We set resistance level at 34.3 and support level at 24.
Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies.
Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
