$ZEC Consolidates Below Supply, Downside Targets in Focus
ZECUSDT is currently consolidating below a key supply zone on the 1-hour timeframe following a strong corrective rally. The move from $200 to $245 was impulsive but lacked follow-through, suggesting it was driven by short covering rather than fresh demand. Price has since formed a tight range beneath resistance, indicating distribution.
Multiple rejections within the $240–$248 zone confirm active selling pressure. Market structure remains bearish, with no confirmed break above resistance or higher high formation. This consolidation increases the likelihood of another bearish expansion.
A clean breakdown below the $225 support level could accelerate price toward $210, with final downside liquidity resting near $190. Until $ZEC reclaims the supply zone, downside continuation remains the dominant scenario.