👀 $ZEC : Is a Descending Trendline Retest Next?
ZEC is trading around $1,167, down roughly 5% over 24 hours as the market cools after its massive rally.
📍 $1,102: Key support to defend
📍 $1,176: First resistance
🎯 $1,263: Next upside level if buyers reclaim control
A clean move above resistance could strengthen the case for a retest of the descending trendline. However, continued rejection may bring another support test.
My view: the bigger trend remains worth watching, but short-term momentum needs to recover first.
Do you expect ZEC to break the trendline or reject again?
ZEC is trading around $1,167, down roughly 5% over 24 hours as the market cools after its massive rally.
📍 $1,102: Key support to defend
📍 $1,176: First resistance
🎯 $1,263: Next upside level if buyers reclaim control
A clean move above resistance could strengthen the case for a retest of the descending trendline. However, continued rejection may bring another support test.
My view: the bigger trend remains worth watching, but short-term momentum needs to recover first.
Do you expect ZEC to break the trendline or reject again?