Coin $ZEC is colliding with sharply buying-saturation levels and is preparing for a bearish correction
• Technical trend: a bearish correction following a rapid vertical surge and a retreat from the local peak
• Monitoring zone: 509.00 – 520.00 (local peak area and the start of the selling rejection)
🎯 Corrective price targets:
• First target: 504.96
• Second target: 501.75
• Third target: 497.93
❌ Invalidation of the scenario: a 45-minute candle close above 522.00
💡 Technical rationale: the price faced a selling rejection after recording a rapid vertical rise toward 520.00 levels, where the data board shows it has entered an extreme overbought state (Zone: Overbought, Extreme: OB ⚠️
)
• Technical trend: a bearish correction following a rapid vertical surge and a retreat from the local peak
• Monitoring zone: 509.00 – 520.00 (local peak area and the start of the selling rejection)
🎯 Corrective price targets:
• First target: 504.96
• Second target: 501.75
• Third target: 497.93
❌ Invalidation of the scenario: a 45-minute candle close above 522.00
💡 Technical rationale: the price faced a selling rejection after recording a rapid vertical rise toward 520.00 levels, where the data board shows it has entered an extreme overbought state (Zone: Overbought, Extreme: OB ⚠️
)