š $ZEC /USDT ā Trend Shift Attempt! š
$ZEC is currently trading at $347.51, showing a solid +8.66% 24h gain.
Price has bounced strongly from the recent low at $308.96, signaling some renewed buyer interest after an extended downtrend.
š 4H Technical View
EMA(7): 343.46
EMA(25): 369.06
EMA(99): 463.89
ZEC has been in a heavy downtrend for weeks, sliding from levels above $500. But now, the price has reclaimed the EMA(7) and is attempting to stabilize. Volume also appears to be picking up, which often supports short-term reversals.
š„ Recent Price Action
Strong bounce from $301.14
Higher lows forming
Price approaching EMA(25), which is the next major obstacle for bulls
š Key Levels to Watch
Support: $308 ā recent 24h low
Resistance Zones:
$369 (EMA25)
$447 (longer-term resistance)
ZEC
408.78
+18.66%
