$ZEC is under real pressure right now. Price is sitting near 261 after a sharp 12% drop, and the chart shows clear control by sellers. Every small bounce is getting sold, which tells us momentum is still weak in the short term.

The key level to watch is the recent low around 260. If this zone breaks cleanly, we could see another fast leg down. But if buyers manage to defend this area and volume steps in, a relief bounce toward the 270–280 region is possible.

Right now this is a patience market. Either wait for strong support confirmation or a clean trend reversal. Chasing in the middle of a downtrend is where most traders get trapped.