🚨 $ZEC BIG CORRECTION OR A STRONG RECOVERY AHEAD? 👀
Zcash is facing continued selling pressure, with price currently trading around $968.52 on the 4H chart.
The chart shows resistance building near $980–$1,000, while the recent low of $948 is an important level to watch.
I'm keeping a close eye on the $850–$900 support zone. If buyers step in and defend this area, ZEC could attempt a recovery toward $1,050, followed by $1,200–$1,300.
However, losing support could open the door to another leg down.
For now, patience is important. I want to see buyers return before calling a reversal.
What's next for $ZEC : a strong bounce or deeper correction?
Zcash is facing continued selling pressure, with price currently trading around $968.52 on the 4H chart.
The chart shows resistance building near $980–$1,000, while the recent low of $948 is an important level to watch.
I'm keeping a close eye on the $850–$900 support zone. If buyers step in and defend this area, ZEC could attempt a recovery toward $1,050, followed by $1,200–$1,300.
However, losing support could open the door to another leg down.
For now, patience is important. I want to see buyers return before calling a reversal.
What's next for $ZEC : a strong bounce or deeper correction?
