Zcash has taken a sharp hit on the 1-hour chart, falling from the $1,180 region toward $1,019.88. The sell-off has slowed around the current price, but there is little evidence of a convincing recovery just yet.
A deeper move toward the $952.02 support level remains possible before buyers attempt to regain control. Meanwhile, $ZEC needs to reclaim $1,060.36 to improve its short-term outlook, with the next major resistance sitting around $1,246.85.
The projected path suggests another dip toward $952 before a potential recovery. If buyers defend that level, price could gradually work its way back toward the $1,246–$1,270 supply region.
For now, the reaction around $952 is worth watching closely. A strong bounce could open the door to a broader recovery, while a breakdown would leave the market vulnerable to further downside.
#zec
A deeper move toward the $952.02 support level remains possible before buyers attempt to regain control. Meanwhile, $ZEC needs to reclaim $1,060.36 to improve its short-term outlook, with the next major resistance sitting around $1,246.85.
The projected path suggests another dip toward $952 before a potential recovery. If buyers defend that level, price could gradually work its way back toward the $1,246–$1,270 supply region.
For now, the reaction around $952 is worth watching closely. A strong bounce could open the door to a broader recovery, while a breakdown would leave the market vulnerable to further downside.
#zec
