$ZEC (1D) Technical Analysis 📉
Bias: Bearish in the medium term.
🔍 Key arguments
* The crash from $650 → $350 completely changed market structure.
* Recent rebounds are only forming lower highs, not a new uptrend.
* Price repeatedly fails to reclaim $500-$520, showing sellers remain dominant.
* Volume has decreased significantly after the panic sell-off, indicating a lack of fresh buying interest.
🎯 Key levels
🟢 Support: $430-$440
🟢 Strong support: $380-$400
🔴 Resistance: $500-$520
🔴 Major resistance: $600-$620
📌 Market thesis
$ZEC is currently in a redistribution phase, not accumulation.
Unless buyers can reclaim and hold above $520, every rebound should be considered a temporary recovery inside a broader bearish trend.
Most probable scenario: Sideways between $430-$500, then waiting for a catalyst to determine the next major move.
⚠️ This is a personal market view, not financial advice.
