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Is a bullish breakout for ZEC imminent? Trading opportunities amid market divergence after regulatory developments
【Crypto World】ZEC receives good news. The SEC officially notified the Zcash Foundation that it will not take enforcement action, bringing a two-year investigation to a conclusion. Once the news broke, ZEC surged, rising over 5% in the short term and hitting a high of $438.44.
Market opinions on the future outlook vary. Optimists point out that the current bullish ascending triangle pattern in ZEC is not to be taken lightly—this pattern usually indicates a strong breakout is imminent. However, some are cautious, believing it’s not wise to chase the high too quickly. They suggest waiting for the price to retrace to around $290 before considering an entry, which would lower the cost and reduce risk. Ultimately, the choice depends on individual trading styles.