$ZEC
— Are we looking at a lower high? 👀📉
After a rally of nearly +400% from the lows, I’m focusing more on where $ZEC could form a lower high, rather than expecting a new rally toward the highs.
$ZEC lost its first daily swing low since the $400 levels, and the ZEC/BTC pair has also broken support levels across multiple timeframes. ⚠️
If $BTC rises, ZEC could bounce back into the previous distribution zone between $1,420 and $1,500 before forming a lower high.
After that, another downward wave could begin toward the $1,100–$1,200 liquidity zone. 📉
But if $BTC loses its range without being able to break upward, ZEC could head straight toward that zone without a strong bounce.
Watch the price reaction at these key levels. 👀
ZECUSDT
Perp
$1,330.52
-2.62%
This is not financial advice. Do your own research and manage your risk wisely.