ZEC extended its breakdown and continued lower. Early in the session, it came under pressure around 1372, then broke through support at 1350 and 1330 in succession. After reaching a low of 1316, it moved into a narrow consolidation; the current price is 1324. As a small-cap privacy coin, it has seen intraday selling pressure build much more steeply than major coins, amplifying its volatility. The siphoning effect of capital outflows from the sector has become increasingly pronounced.
On the daily chart, the previous consolidation range has confirmed a downside break. Short-term moving averages have turned lower into a bearish alignment, while the KDJ indicator has continued to diverge downward following a death cross, leaving room for further bearish momentum. On the four-hour chart, the price is hugging the lower Bollinger Band. The oversold rebound lacks volume support and amounts only to a technical recovery, unable to reverse the short-term bearish trend.
Trading recommendation: Short on rebounds into the 1340–1355 and 1425–1445 ranges, targeting 1310–1300. If the price breaks below the target range, look for further downside toward recent lows and below.
On the daily chart, the previous consolidation range has confirmed a downside break. Short-term moving averages have turned lower into a bearish alignment, while the KDJ indicator has continued to diverge downward following a death cross, leaving room for further bearish momentum. On the four-hour chart, the price is hugging the lower Bollinger Band. The oversold rebound lacks volume support and amounts only to a technical recovery, unable to reverse the short-term bearish trend.
Trading recommendation: Short on rebounds into the 1340–1355 and 1425–1445 ranges, targeting 1310–1300. If the price breaks below the target range, look for further downside toward recent lows and below.