$ZEC
$ZEC faces a crucial test on the 24-hour chart as it challenges the key resistance zone of $26.50 - $27.50. A successful, high-volume breakout above this level could signal a trend reversal and target the next resistance near $30.00.
However, the broader structure remains bearish, with the price trading well below its declining 200-day moving average. The $26.50** level has repeatedly acted as a rejection point, making it a critical barrier for bulls. Immediate support lies at **$24.00, with a more significant floor at the recent swing low of $22.50.
Momentum indicators are neutral. The RSI is hovering around 50, suggesting a lack of strong directional conviction. A failure to hold above $24.00** would likely resume the primary downtrend, opening a path back toward the **$22.50 support.
Outlook: The bias is neutral until a clear break occurs. The next 24 hours are pivotal for determining if this is a genuine reversal attempt or another bear market rally.
Key Levels:
· Resistance: $26.50 - $27.50 (Major)
· Support: $24.00, $22.50
· Verdict: Awaiting a breakout above $27.50 or a breakdown below $24.00.
#BinanceBlockchainWeek #WriteToEarnUpgrade #BinanceAlphaAlert #TrumpTariffs #ZECUSDT