| Strong bearish momentum 📉🐋
ZECUSDT Perp: 588.1 (+5.16%)
💡 Market outlook:
Short positions from the highs are currently raking in significant profits,
as market weakness persists and US indicators decline.
📊 Note:
Privacy coins appear to be in overbought territory,
and often experience accelerated drops after these levels.
📉 Previous movement:
In the last wave, ZEC dropped from 600 to 300 in about two weeks.
🎯 Potential scenario:
If the weakness continues, the price may head towards the 200 area,
which is roughly a 60% drop from current levels.
⚠️ The bearish trend remains likely as long as resistances are not broken.
$ZEC #Trump'sIranAttackDelayed #TruthSocialWithdrawsBitcoinETF #JapanOpensStablecoinPaymentSystem #CryptoNewss #Futures_Signals