$ZEC
$ZEC USDT is currently trading near 238.85 USDT, showing a short-term recovery of around 2.5% after a sharp drop. The price bounced strongly from the 232.67 support zone, indicating active buyers at lower levels. In the short term, ZEC is trading above the MA(7), which is a mildly bullish sign, but it is still facing strong resistance around 239–240, where the MA(25) and MA(99) are located. Recent candles show rejection wicks near this zone, suggesting selling pressure is still present. Volume spiked during the drop and then cooled during the rebound, which points to accumulation rather than a confirmed breakout. If ZEC manages to close above 239.5 on the 15-minute timeframe, a move toward 242–248 could follow; otherwise, a pullback toward 236–235 is possible before the next direction is decided. Overall, the short-term bias remains neutral to slightly bullish, with confirmation needed for continuation.
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