$ZEC Crash Warning: Token Unlock Countdown Hits Zero, Any Rebound Below $416 is a Point of Escape!

The reason for this drop is very clear: a batch of new ZEC tokens will soon be released to the market, causing a sudden increase in supply. Retail investors are worried this will trigger a sell-off, so they choose to sell early, leading to a sharp decline of 9.55% five hours ago.

Technical Analysis Weakens: It has broken all key short-term moving averages, indicating that the short-term trend is completely under the control of bears, with prices operating below the moving averages, confirming the decline technically.

My judgment is straightforward: before the major event of token unlocking occurs, market uncertainty is extremely high, and the short-term trend is bearish.

Trend Status: The four-hour level shows a clear downtrend. Prices are suppressed by all moving averages, and this trend will not change until it breaks back above $416 with significant volume.

Resistance above is primarily around $416, followed by around $423. Without breaking through here, any rebound is an opportunity to reduce positions.

Support below is around $391. If it breaks down, further downside potential will open up.

Currently, everything revolves around 'unlocking.' The real direction choice will depend on the market reaction 24-48 hours after the unlocking event occurs. Whether it will be a rebound from 'bad news fully priced in' or trigger a new round of sell-off will only become clear then.

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