#ZEC 1) The general direction now

The trend was bearish, then a strong and clear reversal occurred from the area of ~300 USDT, and the price rose until it touched 426 and then began to fluctuate around 414.

This indicates:

Strong liquidity entry.

Potential Short Squeeze movement.

The price returning above the short-term averages (EMA7 and EMA25) = positive signal.

⚡ 2) Moving averages EMA

On the chart:

EMA7 (yellow line) = price above it → strong bullish momentum

EMA25 (short pink line) = price above it → continuation of rise

EMA99 (purple line) = price touched it and rejected (426)

📌 This means that EMA99 acts as a very strong resistance

It is the rebound point at which the rejection candles occurred.

📈 3) Technical indicators

RSI = 89.85

This is a very high overbought level.

Any corrective drop is likely and strong.

StochRSI = 100/100

Maximum possible overbought.

Signal of an impending correction.

MACD

Rising strongly

But the peak of the last two bottoms shows slight slowing (weakening bullish momentum).

🧭 4) Important support and resistance levels

Resistance

1. 426.15 ← Highest peak today (fierce resistance)

2. 445 – 450 ← Target if 426 is broken

Support

1. 395 – 393 ← Average buy/sell support based on the chart

2. 370 ← Strong EMA support, if broken the trend will change

3. 332 ← Major support for the trend

🔥 5) Expected scenario