According to Ali, Zoom communications $ZM needs to surge past the current resistance level at $90 to effectively jump to the $100 target mark.According to Ali, Zoom communications $ZM needs to surge past the current resistance level at $90 to effectively jump to the $100 target mark.

Zoom $ZM Targets Breakout to $100 Amid Resistance at $90

2025/12/12 19:40
purple-blockchain-nodes

Zoom Communications Inc. (NASDAQ: ZM) is nearing a crucial technical juncture in price performance. Specifically, $ZM is facing significant price resistance around $90 while it targets a breakout to $100. As per Ali Martinez, a popular crypto analyst, if Zoom effectively surpasses the $90 resistance, it could rapidly surge to $100. In the meantime, the traders are closely watching for the ongoing momentum and its likely implications in the near future.

Zoom ($ZM) Eyes $100 Leg Up as $90 Poses Solid Resistance

Based on the on-chain data, the stock price of Zoom (NASDAQ: ZM) is facing a notable price resistance at $90. The respective resistance also provides a notable opportunity for a massive leg up. Thus, if the price surpasses this level, $100 could reportedly act as a magnet, triggering a noteworthy spike. At the moment, Zoom is just below the $90 spot while changing hands at $88.68. On the other hand, it has been witnessing a significant support at $78 and $66 throughout this year.

$90 Clearance Could Confirm $100 Breakout

According to Ali, Zoom needs to surge past the resistance at $90 to effectively jump to the $100 mark. Contrarily, a failure to do so could lead to a provisional price pullback toward the trading support level of $78. However, the market onlookers anticipate an upward trajectory amid the optimistic outlook. Keeping this in view, whether Zoom confirms its breakout to $100 or not remains to be seen in the near future.

Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

UK Looks to US to Adopt More Crypto-Friendly Approach

UK Looks to US to Adopt More Crypto-Friendly Approach

The post UK Looks to US to Adopt More Crypto-Friendly Approach appeared on BitcoinEthereumNews.com. The UK and US are reportedly preparing to deepen cooperation on digital assets, with Britain looking to copy the Trump administration’s crypto-friendly stance in a bid to boost innovation.  UK Chancellor Rachel Reeves and US Treasury Secretary Scott Bessent discussed on Tuesday how the two nations could strengthen their coordination on crypto, the Financial Times reported on Tuesday, citing people familiar with the matter.  The discussions also involved representatives from crypto companies, including Coinbase, Circle Internet Group and Ripple, with executives from the Bank of America, Barclays and Citi also attending, according to the report. The agreement was made “last-minute” after crypto advocacy groups urged the UK government on Thursday to adopt a more open stance toward the industry, claiming its cautious approach to the sector has left the country lagging in innovation and policy.  Source: Rachel Reeves Deal to include stablecoins, look to unlock adoption Any deal between the countries is likely to include stablecoins, the Financial Times reported, an area of crypto that US President Donald Trump made a policy priority and in which his family has significant business interests. The Financial Times reported on Monday that UK crypto advocacy groups also slammed the Bank of England’s proposal to limit individual stablecoin holdings to between 10,000 British pounds ($13,650) and 20,000 pounds ($27,300), claiming it would be difficult and expensive to implement. UK banks appear to have slowed adoption too, with around 40% of 2,000 recently surveyed crypto investors saying that their banks had either blocked or delayed a payment to a crypto provider.  Many of these actions have been linked to concerns over volatility, fraud and scams. The UK has made some progress on crypto regulation recently, proposing a framework in May that would see crypto exchanges, dealers, and agents treated similarly to traditional finance firms, with…
Share
BitcoinEthereumNews2025/09/18 02:21