ZANO targets $17 after 73% surge – Should traders wait for a dip?
Bitcoin [BTC] has rallied over the past month, but the altcoin market cap has grown less than that of Bitcoin. In other words, the altcoin market was relatively quiet, and only a few altcoins were performing remarkably well. One such altcoin was Zano [ZANO]. In a week, ZANO prices have surged by 73% after the altcoin tested its long-term demand zone at $5.5-$6.0. The bullish reaction from this region was not enough to flip the long-term bearish outlook, but it did offer swing buyers an opportunity.