#ZEC faced significant selling pressure after approaching the $1,349 level, and bears have regained control of the market.
After retreating from its 24-hour high, the price fell by nearly 9.4% at its lowest, dipping to $1,123 before a slight rebound. Although buyers attempted to push the price back up, pressure from the bears remains strong.
ZEC outlook: Bearish
Entry range: $1,220–$1,240
Stop-loss: $1,265
First take-profit target (TP1): $1,123
Don’t blindly chase this rebound. Wait for a clear market signal and be sure to manage your risk.
Will ZEC retest the $1,123 support level, or can the bulls reverse the current downtrend?
After retreating from its 24-hour high, the price fell by nearly 9.4% at its lowest, dipping to $1,123 before a slight rebound. Although buyers attempted to push the price back up, pressure from the bears remains strong.
ZEC outlook: Bearish
Entry range: $1,220–$1,240
Stop-loss: $1,265
First take-profit target (TP1): $1,123
Don’t blindly chase this rebound. Wait for a clear market signal and be sure to manage your risk.
Will ZEC retest the $1,123 support level, or can the bulls reverse the current downtrend?