ZEC has recently experienced a clear shift in market sentiment. The previous continuous struggle of the bears is gradually transforming into a driving force for the next wave of market movement. Although some traders are still attempting to turn the tide from negative territory, the market signals are already quite clear — the bearish momentum is nearing exhaustion.
This is not just a simple rebound, but a turning point in ZEC's overall technical structure. An upward channel is gradually opening, which could be a significant blow to market participants who previously held a bearish outlook.
From a technical perspective, ZEC is currently trading around 546.04 USDT. A key support level is at 521.47, leaving about 3.85% room below the current price. The resistance zone above is concentrated between 544.0 and 547.8. It is worth noting that the price is approaching the upper resistance, so caution is advised.
From a trading standpoint, consider short positions near resistance levels, but be sure to set stop-loss orders. Once the resistance is effectively broken, it’s important to cut losses promptly. This current point is critical for judging the next trend; missing this opportunity might mean waiting for the next one.
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DegenDreamer
· 9h ago
It's time to admit defeat in the bear market... This wave is interesting; those who are optimistic are waiting for a breakout.
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ForkPrince
· 9h ago
Are the bears running out of bullets? This ZEC move is quite interesting. Looking forward to the upcoming breakout.
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CryptoSourGrape
· 9h ago
I wish I had gotten in earlier. Watching this rally now, I feel so regretful.
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TokenCreatorOP
· 9h ago
The short sellers are about to disperse. I'm optimistic about the upcoming market. ZEC has been waiting for this moment.
ZEC has recently experienced a clear shift in market sentiment. The previous continuous struggle of the bears is gradually transforming into a driving force for the next wave of market movement. Although some traders are still attempting to turn the tide from negative territory, the market signals are already quite clear — the bearish momentum is nearing exhaustion.
This is not just a simple rebound, but a turning point in ZEC's overall technical structure. An upward channel is gradually opening, which could be a significant blow to market participants who previously held a bearish outlook.
From a technical perspective, ZEC is currently trading around 546.04 USDT. A key support level is at 521.47, leaving about 3.85% room below the current price. The resistance zone above is concentrated between 544.0 and 547.8. It is worth noting that the price is approaching the upper resistance, so caution is advised.
From a trading standpoint, consider short positions near resistance levels, but be sure to set stop-loss orders. Once the resistance is effectively broken, it’s important to cut losses promptly. This current point is critical for judging the next trend; missing this opportunity might mean waiting for the next one.