🚀 ZEC Showing Signs of Momentum Shift? | Technical Breakdown
Zcash (ZEC) is currently trading in a consolidation range after recent volatility. The candlestick structure on the daily timeframe shows alternating bullish and bearish candles, indicating indecision — but momentum is slowly building.
📊 Price Action Overview
ZEC recently formed long lower wicks near support, suggesting buyers are stepping in aggressively at discounted levels. This type of candle rejection often signals accumulation.
If price continues to print higher lows while holding above the key support zone, we could see a push toward the next resistance cluster.
🔑 Key Levels to Watch
Support: 220 – 230
Resistance: 260 – 280
A strong bullish engulfing candle above resistance could confirm breakout continuation. On the other hand, a breakdown below support with high volume may trigger further downside.
📈 Market Outlook
Short-term bias remains neutral-to-bullish as long as higher lows are maintained. Volume expansion will be the key confirmation factor for the next major move.
Traders should monitor candle structure closely for breakout or rejection signals
