📉ZEC is bearish in the short term; a recovery in buying pressure is not yet enough to reverse the weakness
As of November 14 at 10:13 (Beijing time), the ZECUSDT mark price was around $930, down 2.76% over 24 hours, while open interest (OI) fell 4%. The funding rate remains at +0.0073%. The simultaneous decline in price and OI looks more like traders closing positions. The 1-hour taker buy/sell ratio is 1.21, indicating that buying pressure has recovered somewhat, but the RSI is only 43, leaving insufficient evidence of a reversal. Market source (https://bykaranteli.com/symbols/ZECUSDT)
The 24-hour futures trading volume is about $1.9 billion, with OI at around $420 million. Futures data (https://fibonomy.com/en/futures/binance/zecusdt)
Over the next 4–24 hours, the likely scenario is a pullback after a rebound meets resistance. Watch the $900 level; a break below it would put the intraday low near $880 in focus. A failure to hold $880 could extend the decline. Range reference (https://www.coinglass.com/currencies/ZEC) If the price holds above $950 on rising volume and OI also recovers, the bearish outlook would be invalidated, with $992 as the next upside target.
#ZEC #ZECUSDT #币安合约 #MarketAnalysis
As of November 14 at 10:13 (Beijing time), the ZECUSDT mark price was around $930, down 2.76% over 24 hours, while open interest (OI) fell 4%. The funding rate remains at +0.0073%. The simultaneous decline in price and OI looks more like traders closing positions. The 1-hour taker buy/sell ratio is 1.21, indicating that buying pressure has recovered somewhat, but the RSI is only 43, leaving insufficient evidence of a reversal. Market source (https://bykaranteli.com/symbols/ZECUSDT)
The 24-hour futures trading volume is about $1.9 billion, with OI at around $420 million. Futures data (https://fibonomy.com/en/futures/binance/zecusdt)
Over the next 4–24 hours, the likely scenario is a pullback after a rebound meets resistance. Watch the $900 level; a break below it would put the intraday low near $880 in focus. A failure to hold $880 could extend the decline. Range reference (https://www.coinglass.com/currencies/ZEC) If the price holds above $950 on rising volume and OI also recovers, the bearish outlook would be invalidated, with $992 as the next upside target.
#ZEC #ZECUSDT #币安合约 #MarketAnalysis