$ZAMA /USDT 💘📊
ZAMA is currently trading around $0.0190 after a strong rejection from the recent local highs and continuing a clear lower-high structure on the 4H timeframe.
🔍 Key Observations:
Sharp pump to ~$0.0488 followed by a sustained downtrend
Strong support formed near $0.0166
Price is consolidating below the mid-range resistance
RSI (27) approaching oversold zone, hinting at possible short-term bounce
Volume declining after the last spike → weak bullish momentum
📉 Bearish Scenario:
If price loses the $0.0185–$0.0166 support zone, we could see another leg down with continuation of the downtrend structure.
📈 Bullish Scenario:
A reclaim and hold above $0.022–$0.024 resistance would be the first sign of trend reversal and momentum recovery.
🎯 Key Levels:
Support: $0.0185 – $0.0166
Resistance: $0.0220 – $0.0240 – $0.0290
⚠️ Overall Trend:
Bearish consolidation with potential relief bounce from oversold RSI, but structure still favors sellers unless resistance is reclaimed.
#ZAMA #Crypto #Altcoins #TechnicalAnalysis