#zec has fallen to near key support, with $1,180 marking the line between bulls and bears!
ZEC is currently trading at around $1,190, down significantly from its September high of $1,700. Its rebound also failed to break above $1,340. The key level to watch now is support at $1,180.
If this level holds, the price could rebound to $1,340. If it closes below it on the daily chart, it could fall further to $1,050–$1,100, with additional support levels to watch at $960 and $735.
The RSI has also dropped to 40, indicating that buying momentum is weakening.
ZEC is currently trading at around $1,190, down significantly from its September high of $1,700. Its rebound also failed to break above $1,340. The key level to watch now is support at $1,180.
If this level holds, the price could rebound to $1,340. If it closes below it on the daily chart, it could fall further to $1,050–$1,100, with additional support levels to watch at $960 and $735.
The RSI has also dropped to 40, indicating that buying momentum is weakening.