Zcash（#zec ）is currently trading at around $1,196, down about 30% from its September high of $1,700, and is testing support near the 50-day moving average.
📉 Key levels: $1,120–$1,230 is a battleground for bulls and bears. A break below $1,120 could lead to a drop to $1,050–$1,100, with further support at $985 and $760 also worth watching.
📈 Rebound signals: The first level to watch above is $1,230. If it breaks through, keep an eye on $1,290 and $1,350.
The RSI has now fallen below 50, and trading volume is also declining, suggesting that upward momentum is weak.
📉 Key levels: $1,120–$1,230 is a battleground for bulls and bears. A break below $1,120 could lead to a drop to $1,050–$1,100, with further support at $985 and $760 also worth watching.
📈 Rebound signals: The first level to watch above is $1,230. If it breaks through, keep an eye on $1,290 and $1,350.
The RSI has now fallen below 50, and trading volume is also declining, suggesting that upward momentum is weak.