📉 ZEC is bearish in the short term, with insufficient rebound momentum

As of 06:28 Beijing time on October 24, a third-party snapshot showed the ZECUSDT mark price at 1220.54, up 0.96% over 24 hours, while OI fell 4.4%. The funding rate was −0.0001%; the active buy/sell volume ratio over the past hour was 0.85, and RSI was 46, indicating sellers were in control and the rebound lacked support from rising open interest. Data (https://bykaranteli.com/symbols/ZECUSDT)

Trading volume over the past 24 hours was approximately 1.52 billion USDT, with OI at approximately $530 million. An earlier snapshot showed the positive MACD histogram bars shrinking, suggesting weakening upward momentum. Volume and open interest (https://fibonomy.com/en/futures/binance/zecusdt) | Indicators (https://www.sonarcast.app/en/coin/zecusdt)

Over the next 4–24 hours, a retest of 1218 support is more likely; if it breaks below, watch 1198–1200. Resistance is at 1227 and 1237. If price holds above 1237 on increased volume and OI rises, the bearish outlook is invalidated, with upside targets at 1247–1258.

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