Zcash (ZEC) is trading near 289 USDC, remaining under short-term bearish pressure on the 1-hour chart. The price failed to hold above the 300 USDC psychological level and continues to trend lower, confirming seller control.
$ZEC C is positioned below key moving averages, with MA(7) around 296, MA(25) near 299, and MA(99) at 335. These levels are acting as strong resistance, and repeated rejections suggest weak bullish momentum. Market structure shows lower highs and lower lows, supporting bearish continuation.
The recent rejection from the 315 USDC area triggered increased selling, driving price toward the 275–280 support zone, which aligns with the recent low at 274.84. This area is critical for short-term direction. A breakdown could lead to further downside toward 260 USDC, while a successful defense may trigger a relief bounce.
On the upside, 295–300 USDC remains the key resistance zone. A confirmed breakout above this range, supported by strong volume, would be required to shift momentum bullish.
In summary, ZEC/USDC remains bearish in the short term. Traders should watch the 275–280 support and 300 resistance closely, using strict risk management until a clear trend reversal is confirmed.
