$ZEC
/USDT Trading View: ZEC is trading at 1,244.86, down 5.69%, with strong bearish momentum on the 1H chart. Price is below MA7 at 1,296.85, MA25 at 1,313.22, and MA99 at 1,331.16, confirming that sellers remain in control. The sharp drop to 1,227.41 came with a clear volume spike, showing strong selling activity. Price has made a small rebound from this low, but there is not yet enough confirmation of a trend reversal.
Key levels: 1,227.41 is the main support, with 1,219.53 as the next downside level. On recovery, 1,254.20 is the first resistance, followed by 1,288.87 and 1,296.85. Short term traders should avoid chasing the current bounce. A clean break below 1,227.41 can open the way toward 1,219.53, while a strong 1H close above 1,254.20 could allow a recovery toward 1,288.87. Outlook: bearish below 1,254.20, with bullish confirmation only after price reclaims 1,288.87 with strong volume.
#zec
/USDT Trading View: ZEC is trading at 1,244.86, down 5.69%, with strong bearish momentum on the 1H chart. Price is below MA7 at 1,296.85, MA25 at 1,313.22, and MA99 at 1,331.16, confirming that sellers remain in control. The sharp drop to 1,227.41 came with a clear volume spike, showing strong selling activity. Price has made a small rebound from this low, but there is not yet enough confirmation of a trend reversal.
Key levels: 1,227.41 is the main support, with 1,219.53 as the next downside level. On recovery, 1,254.20 is the first resistance, followed by 1,288.87 and 1,296.85. Short term traders should avoid chasing the current bounce. A clean break below 1,227.41 can open the way toward 1,219.53, while a strong 1H close above 1,254.20 could allow a recovery toward 1,288.87. Outlook: bearish below 1,254.20, with bullish confirmation only after price reclaims 1,288.87 with strong volume.
#zec