While Bitcoin’s rally overshadowed most altcoins, Zano (ZANO) surged 73% in a week after testing its long-term demand zone between $5.5 and $6.0. This bullish reaction from the range lows offered swing trading opportunities, though it did not alter the overall bearish outlook. Analysis indicates the altcoin could potentially rally toward its range highs near $17.2 over several months, a pattern previously observed in 2025.
The altcoin market has been relatively quiet compared to Bitcoin (BTC) over the past month. Within this environment, Zano (ZANO) was a notable performer, with its price surging 73% in a single week. This move occurred after the altcoin tested its long-term demand zone between $5.5 and $6.0.
The bullish reaction from this region presented an opportunity for swing buyers. According to technical analysis, it was highly likely that ZANO could rally to the range highs at $17.2 over the next three to four months. A similar pattern was observed when the range low was tested in March 2025, leading to a reach of the highs by September.
For traders considering long positions, short-term indicators suggested the move might be overextended. The On-Balance Volume (OBV) and price showed a sizeable divergence on a shorter timeframe, while the Money Flow Index (MFI) entered overbought territory. Together, these suggested ZANO might see a retracement.
The altcoin previously spent considerable time trading within the $8.1 to $9.2 area, creating a high-volume node. This region was likely to act as support in case of a price dip, offering a potential entry point. A drop below $8.1 would not invalidate the weekly range idea or introduce a bearish structure on shorter timeframes.
The explosive nature of recent price action left sizeable imbalances and offered little consolidation. This can make it harder for bulls to use a dip to establish long positions. The final assessment noted that a price dip to the $8 to $9 area could offer a buying opportunity for traders.
