📉 $ZEC — Quick Update on Market Movement
ZEC continues to show significant weakness, as it retreats again from the upper resistance area to now trade near $343, clearly indicating that sellers still dominate the movement.
The technical structure remains bearish, and momentum is skewed downward as long as the price stays below the range of $360 – $370. Recovery attempts remain weak, and the candles confirm the absence of any strong entry from buyers, increasing the likelihood of a retest of lower support levels.
Potential upcoming support levels:
$330
$322 (next strongest demand area)
Current situation in brief:
The trend remains under pressure
Continued formation of lower highs
No clear reversal signal has appeared yet
Unless the resistance area is broken strongly, the bearish trend remains the most likely scenario with ongoing volatility in the near term.
