ZEC Approaching Supply — Bearish Structure Still Active?

ZEC is currently trading around the $225 region after a long decline from higher levels on the daily timeframe. The broader structure remains bearish with price continuing to form lower highs while trading below major moving averages.

On the 4H chart, the market is approaching a resistance zone near the $245–$255 region where previous supply and liquidity are located. When price moves into upper liquidity during a bearish structure, the market often performs a sweep before rejecting.

RSI is moving toward the upper range while momentum remains weak after the previous downtrend. If sellers defend the $232–$240 zone, ZEC could rotate lower again toward the $200–$190 support area.

$ZEC

ZEC
ZECUSDT
234.56
+5.09%