$ZEC saw a sharp momentum expansion to the downside, breaking below short-term moving averages as sellers pressed price into the $410–412 defended zone. Buyers clearly stepped in near $410, rejecting lower prices and printing wicks that signal absorption rather than panic.
Price is now consolidating around $412–414, sitting below declining short-term MAs — a classic bearish compression zone. The tape currently favors sellers, with rebounds failing to reclaim prior value.
Resistance targets ahead:
$418–420 (prior breakdown level)
$427–430 (major trend resistance, MA99)
Bias: Bearish continuation unless buyers reclaim $420 with strength.
Caution level: A clean loss of $410 would weaken buyer defense and reopen downside expansion.
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