The trend is downward
The price is below EMA(7) — 1 182,93 and EMA(25) — 1 266,99. This indicates weakness in short-term momentum.
MACD is negative
The value of −37,64 and the red histogram indicate that downward momentum is prevailing. $1 075–1 040 is the nearest zone to watch for an attempt to halt the decline. The screenshot shows a 24-hour low of $1 075, while the previous local low was around $1 041,70.
$1 000 is a psychological level to watch if the decline continues.
$1 180–1 270 is a resistance zone where the price will encounter the EMA(7) and EMA(25) moving averages. Bearish scenario
If the price breaks below $1 040 and holds there, selling pressure may intensify.
Bounce scenario
If ZEC holds support and starts moving back above $1 180, this would be the first sign of recovery. Additional signals are needed to confirm a reversal.$ZEC
The price is below EMA(7) — 1 182,93 and EMA(25) — 1 266,99. This indicates weakness in short-term momentum.
MACD is negative
The value of −37,64 and the red histogram indicate that downward momentum is prevailing. $1 075–1 040 is the nearest zone to watch for an attempt to halt the decline. The screenshot shows a 24-hour low of $1 075, while the previous local low was around $1 041,70.
$1 000 is a psychological level to watch if the decline continues.
$1 180–1 270 is a resistance zone where the price will encounter the EMA(7) and EMA(25) moving averages. Bearish scenario
If the price breaks below $1 040 and holds there, selling pressure may intensify.
Bounce scenario
If ZEC holds support and starts moving back above $1 180, this would be the first sign of recovery. Additional signals are needed to confirm a reversal.$ZEC