$ZEC The bearish moving-average alignment remains intact. Don’t turn bullish unless it gets above 1348.
Current price: $1,205, down 6.16% over 24h
ZEC is down more than 6% today, currently trading around 1204.
I’m still leaning slightly bearish.
Looking at the chart, both moving averages on the 4-hour chart are overhead, and the daily chart is also facing resistance. The small rebound on the 15-minute chart has only just climbed back above the short-term moving average—not enough to change the overall picture.
The funding rate is slightly positive, but open interest is average. Neither bulls nor bears are rushing to add positions, suggesting no one is willing to catch this drop just yet.
There are two key levels to watch next: 1122 below is the low from the past two days. If it holds, price could continue to consolidate in the short term; if it breaks, price may head lower and look for a new low.
Above, 1348 is the high from the past two days. Only a move above it would signal that the bears are taking a breather. If price can’t get above it, every rebound is just handing the bears another opportunity.
The bears are watching the bearish alignment on the 4-hour chart. Every rally is an opportunity for them to act.
#ZEC
Current price: $1,205, down 6.16% over 24h
ZEC is down more than 6% today, currently trading around 1204.
I’m still leaning slightly bearish.
Looking at the chart, both moving averages on the 4-hour chart are overhead, and the daily chart is also facing resistance. The small rebound on the 15-minute chart has only just climbed back above the short-term moving average—not enough to change the overall picture.
The funding rate is slightly positive, but open interest is average. Neither bulls nor bears are rushing to add positions, suggesting no one is willing to catch this drop just yet.
There are two key levels to watch next: 1122 below is the low from the past two days. If it holds, price could continue to consolidate in the short term; if it breaks, price may head lower and look for a new low.
Above, 1348 is the high from the past two days. Only a move above it would signal that the bears are taking a breather. If price can’t get above it, every rebound is just handing the bears another opportunity.
The bears are watching the bearish alignment on the 4-hour chart. Every rally is an opportunity for them to act.
#ZEC