$ZEC is attempting to recover after dropping below $1,200, but the bounce still needs confirmation.
Technical resistance remains in place, with Zcash trading below its short-term moving averages.
Meanwhile, rising exchange deposits are adding another layer of selling pressure.
Key levels to watch:
🔻 $1,208 — potential downside retest if sellers regain control.
🔼 $1,318 — upside target if recovery momentum strengthens.
Futures inflows are worth watching, but sustained price strength is what could confirm a real shift in momentum.
Is $ZEC ready for another recovery leg or will sellers step in again?
#zec #Zcash
Technical resistance remains in place, with Zcash trading below its short-term moving averages.
Meanwhile, rising exchange deposits are adding another layer of selling pressure.
Key levels to watch:
🔻 $1,208 — potential downside retest if sellers regain control.
🔼 $1,318 — upside target if recovery momentum strengthens.
Futures inflows are worth watching, but sustained price strength is what could confirm a real shift in momentum.
Is $ZEC ready for another recovery leg or will sellers step in again?
#zec #Zcash
