ZigCoin price rises 24% as analyst buys the bottom

An analyst who calls himself Crypto Stasher shares a two-week chart of ZigCoin and claims that the coin is transitioning from a downward to an upward trend. The price has already risen by more than 24% in the recent period, but the analyst expects this to be only the beginning.

In brief:

• Crypto Stasher says he bought ZigCoin aggressively at what he sees as a bottom
• The two-week chart shows a possible trend reversal from a falling wedge
• ZigCoin’s price has already risen by more than 24% in the recent period

Chart shows possible trend reversal

The chart shows how ZigCoin, after a prolonged downtrend, appears to have broken out of a falling wedge. The price then broke above a horizontal resistance zone around $73 and rose to a provisional high of nearly $0.50.

The current price is around $53, an increase of 24% in the past 24 hours. Whether the breakout is sustainable remains unclear. Technical patterns such as a falling wedge are no guarantee of further price gains.

Analyst says he bought aggressively at the bottom

Crypto Stasher says he has never before bought a bottom as aggressively as with ZigCoin. He expects a sharp upward price movement, although such statements are emphatically his personal opinion and not investment advice.

At the same time, the broader market is showing positive signals. Ethereum stands at $2.639,75, an increase of 5.4% in 24 hours. Earlier, Bitcoin and Ethereum ETFs together attracted $577 million, which points to growing interest from institutional investors in the crypto market.