Svmuu News: Ansem posted on X stating that he has set a price alert for Zcash (ZEC) at around $750. Ansem noted that the ZEC price has been consolidating for nearly a year; if it subsequently breaks through its previous high and sets a new record high, the next phase of this uptrend could be very strong.
However, Ansem said that while he does not currently hold a long position in ZEC, he believes that if the price ultimately breaks through the key resistance level, investors who fail to position themselves in advance may be making a mistake.
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Ansem: I currently do not hold any ZEC long positions; if the price breaks through $750, a strong uptrend may begin.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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