$ZEC /USDT – BULLISH 🐂
Technical Analysis (4H Chart)
1. Trend Overview
ZEC recently shifted from a deep downtrend to a clear short-term uptrend. The price has climbed steadily from around 301 USDT and is now near 459 USDT, showing a strong rebound.
2. Price Action
The chart has formed higher highs and higher lows, confirming an uptrend.
After breaking above the 404–420 resistance area, the price pushed higher and is now testing the 460 zone, which is acting as resistance.
3. Key Levels
Immediate Resistance:
460–470 USDT — this is where the price is currently struggling a bit.
Next Target Resistance:
518 USDT, which is the previous swing high.
Support Zones:
404–420 USDT: Strong support if price pulls back.
346–350 USDT: Major support area from earlier consolidation.
4. Volume Analysis
Volume increased during the recent upward move which confirms real buying interest.
However, the latest few candles show slightly decreasing volume, which often means buyers are taking a break and we may see:
A small dip, or
A sideways consolidation before the next move.
5. Overall Sentiment
ZEC currently shows bullish momentum, and the medium-term trend looks like it may be reversing from bearish to bullish.
But since it’s near resistance, traders typically wait for either:
A breakout above 470+, or
A dip back toward support for a better entry.
Conclusion
ZEC is showing signs of a healthy uptrend recovery with strong momentum, but it’s entering a resistance zone where price may slow or pull back. If it holds above support around 404–420, the trend remains strong.
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