ZEC has experienced a sharp dumping, falling from 457.58 to ~423, with the Bear Market firmly in control. The price is below all key MAs (, 25, 99), confirming strong downward momentum. The rejection from the 457 area has turned it into solid resistance, and the high red candle volume indicates real selling pressure.
The price has swept down to a 24-hour low close to 421.7 and is hovering in the demand range of 420–428, a short-term rebound is possible. However, below 440, the trend remains bearish. Volatility conditions - wait for confirmation, manage risks, trade with the trend.
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ZEC has experienced a sharp dumping, falling from 457.58 to ~423, with the Bear Market firmly in control. The price is below all key MAs (, 25, 99), confirming strong downward momentum. The rejection from the 457 area has turned it into solid resistance, and the high red candle volume indicates real selling pressure.
The price has swept down to a 24-hour low close to 421.7 and is hovering in the demand range of 420–428, a short-term rebound is possible. However, below 440, the trend remains bearish.
Volatility conditions - wait for confirmation, manage risks, trade with the trend.