Zcash is in a strong correction phase after the rally that took its price close to $1,700. It is now hovering around $1,320, with short-term selling pressure.
📉 SHORT TERM
🔴 Key support: $1,300–$1,310
⚠️ If it loses $1,300: risk of moving toward $1,200 → $1,135
🟢 First resistance: $1,350–$1,380
🚀 Reclaiming $1,380 with volume: $1,450 → $1,500
🔥 Breaking above $1,500: it becomes interesting again as a potential move toward $1,600–$1,700
The problem right now is that short-term indicators remain weak: moving averages and MACD continue to show bearish signals.
💎 BUT THE BIGGER PICTURE IS STILL IN PLAY
ZEC has important catalysts: the market is watching the ETF narrative and the NU7 upgrade, with the activation decision expected in October.
🎯 MY SCENARIO
As long as $1,300 holds, I consider this a correction within a still-stronger larger structure.
📈 Bullish: reclaim $1,380 → $1,450 → $1,500 → $1,700
📉 Bearish: lose $1,300 → $1,200 → $1,135 → possible $1,000 zone
🔥 ZEC is at a critical level.
I wouldn’t chase a green candle. I’d wait for confirmation + volume.
$1,300 is the level I’m watching now. 👀
#zec #zcash $ZEC
#Crypto #Bitcoin #Altcoins #PrivacyCoins
📉 SHORT TERM
🔴 Key support: $1,300–$1,310
⚠️ If it loses $1,300: risk of moving toward $1,200 → $1,135
🟢 First resistance: $1,350–$1,380
🚀 Reclaiming $1,380 with volume: $1,450 → $1,500
🔥 Breaking above $1,500: it becomes interesting again as a potential move toward $1,600–$1,700
The problem right now is that short-term indicators remain weak: moving averages and MACD continue to show bearish signals.
💎 BUT THE BIGGER PICTURE IS STILL IN PLAY
ZEC has important catalysts: the market is watching the ETF narrative and the NU7 upgrade, with the activation decision expected in October.
🎯 MY SCENARIO
As long as $1,300 holds, I consider this a correction within a still-stronger larger structure.
📈 Bullish: reclaim $1,380 → $1,450 → $1,500 → $1,700
📉 Bearish: lose $1,300 → $1,200 → $1,135 → possible $1,000 zone
🔥 ZEC is at a critical level.
I wouldn’t chase a green candle. I’d wait for confirmation + volume.
$1,300 is the level I’m watching now. 👀
#zec #zcash $ZEC
#Crypto #Bitcoin #Altcoins #PrivacyCoins
