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For the past 4 months we have seen Zencash trying to break and stay above the 500k sats resistance with no success. At the same time we've been seen higher lows, supported by a strong trend line that has been tested few times. Will we see a breakout soon?
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@Garrettd1991, Thank you! Hopefully by the end of the month we should see some positive development: ledger integration (source Rob Viglione AMA on reddit today) and the OKEX promotional campaign (source last livestream) that may work as catalysts for a possible breakout :)
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Support trendline has been retested once more.
A small resistance level is now @ 450k satoshis, as you can see from this fib retracement that indicated pretty well top and bottoms (including the flash crash at 352k satoshis).