$ZEC is under clear selling pressure after a sharp multi-day decline
Price is currently trading near $980–$1,000, down roughly 13–14% on the day and testing the lower end of its recent range. The structure has turned lower, with price sitting below the shorter-term EMAs while still above the longer-term 200-day in some readings.
Key support is in focus around $960–$973. Holding this zone keeps the possibility of a short-term relief bounce open. A decisive close below it would open the door toward lower levels.
RSI is in the mid-30s on the daily, showing weakness but not yet extreme oversold conditions. Volume has expanded on the downside, so the reaction at current support matters.
Are you treating this as a potential bounce zone or expecting more downside first?
#Zcash #Crypto
Check my pin post for premium setups 👉
Price is currently trading near $980–$1,000, down roughly 13–14% on the day and testing the lower end of its recent range. The structure has turned lower, with price sitting below the shorter-term EMAs while still above the longer-term 200-day in some readings.
Key support is in focus around $960–$973. Holding this zone keeps the possibility of a short-term relief bounce open. A decisive close below it would open the door toward lower levels.
RSI is in the mid-30s on the daily, showing weakness but not yet extreme oversold conditions. Volume has expanded on the downside, so the reaction at current support matters.
Are you treating this as a potential bounce zone or expecting more downside first?
#Zcash #Crypto
Check my pin post for premium setups 👉
