ZEC has taken a strong hit from the resistance zone at $650–670 and has shown aggressive downward movement in the last few hours. 📉
⚠️ Currently, the price has retraced to around $535, where we have an interim support level. If the sellers keep the pressure on, the next target could be the demand zone at $480–500.
✅ As long as the asset stays above $500, the chances for a recovery remain intact.
🎯 For a rebound to growth, buyers need to scoop up the price above $600–620 and hold above that range.
Conclusion: In the short term, the advantage is with the sellers, but the $480–500 zone looks interesting for spotting buyer reactions. Also, everything depends on BTC's movement. So let's keep an eye on this zone 👀📊
What are your thoughts on this asset? Drop them in the comments.
