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$ZEC ZECUSDT Market Update (4H) 🚨
ZEC has experienced a massive correction, dropping over 35% from recent highs and finding temporary support near the $250 level. After the sharp selloff, buyers have stepped in, pushing the price back toward $340, but the overall trend remains under pressure.
📊 Technical Overview: • Price is trading below the MA(7), MA(25), and MA(99), indicating a dominant bearish trend. • A strong rebound from the $250 support zone shows short-term buying interest. • Volume surged during the selloff, suggesting significant market activity and volatility. • Bulls need a break above $380 to signal stronger recovery potential.
🎯 Key Levels to Watch: 🔻 Support: $312 | $250
🔺 Resistance: $380 | $392 | $472
⚠️ While the recent bounce is encouraging, the broader market structure remains weak until key resistance levels are reclaimed.
Market Sentiment: BEARISH 🐻
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