$ZEC: Bearish Bounce or Bull Trap? 🐻
$ZEC is showing a slight recovery after hitting a 24h low of $405.10, but don't be fooled just yet. We're currently stuck in a $405 - $423 range.
Key levels to watch: immediate resistance at $423.21 - $425, with stronger resistance at $427.50. On the downside, $405.10 is holding as support, but a break below $402.50 could signal further losses. 📉
The 24h change is -2.29%, indicating a slightly bearish short-term trend. A decisive move *above* $423 is needed to confirm bullish momentum.
#ZEC #CryptoTrading #TechnicalAnalysis #Altcoins 🚀
ZECUSDT
Perp
440.76
+5.39%