ZEC/USDT Analysis (1-Hour Timeframe)

Trend: Currently Bearish / Downtrend bias. The price is trading below all Moving $Averages (MA 7, 25, 99), indicating strong selling pressure.

Support (Floor): The 481 – 490 area. If it breaks below this, the price could drop further.

Resistance (Ceiling): The 510 – 518 area. The price needs to break above this level to regain bullish momentum.

Volume: No significant buying pressure yet; the market appears to be in a "wait and see" mode.

Conclusion: Current conditions are not ideal for entry unless the price manage to hold above 510.

ZEC

364.18

-7.04%