Bears Continue to Dominate $ZEC 🔻
Another rejection, another warning for buyers! $ZEC has fallen over 14% from its $1,387.98 peak, while the bearish market structure continues to develop.
Price: $1,190.73
Immediate Support: $1,176.98
Lower Targets: $1,165 / $1,150
Resistance Zone: $1,212–$1,260
A clean break below $1,176 could accelerate selling. However, a move above $1,212 would be the first sign that buyers are fighting back.
Is another breakdown coming?
Another rejection, another warning for buyers! $ZEC has fallen over 14% from its $1,387.98 peak, while the bearish market structure continues to develop.
Price: $1,190.73
Immediate Support: $1,176.98
Lower Targets: $1,165 / $1,150
Resistance Zone: $1,212–$1,260
A clean break below $1,176 could accelerate selling. However, a move above $1,212 would be the first sign that buyers are fighting back.
Is another breakdown coming?
