🟪 $ZEC

ZEC

277.07

+18.36%

/USDT (Perpetual Futures) Technical Analysis

🔹 Last Price: $39.97

📈 24h Change: +0.55%

🔺 24h High: $47.00

🔻 24h Low: $39.42

📊 Volume (ZEC): 865,085.53

💵 Volume (USDT): $36.42M

📌 Mark Price: $40.00

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🔍 Market Snapshot:

ZEC experienced a massive spike to $47, but quickly retraced to under $40, signaling a volatile move with possible manipulation or news-driven wick. It's now stabilizing near support.

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🔧 Key Support & Resistance Levels:

Support Zones:

✅ $39.42 – Key intraday support

✅ $38.03 – Psychological + structural base

✅ $37.58 – Local strong support

Resistance Zones:

⚠️ $41.53 – First resistance on recovery

⚠️ $43.50 – Rejection point during the wick

⚠️ $47.00 – 24h spike high (likely unsustainable for now)

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📉 Volume & Moving Averages:

Current Vol: 3,420.28

MA(5): 12,850.06

MA(10): 19,510.55

➤ Low volume vs. MAs suggests current price action lacks strength; any upside needs confirmation through volume.

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📈 Technical Outlook:

Price holding near $39.97 shows buyers defending the breakdown zone.

Break and hold above $41.53 would suggest potential upside toward $43.50.

If it fails to hold $39.42, price may retest $38–$37.5 zone, which could offer a swing-long opportunity.

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✅ Conclusion:

ZEC is in a cooling-off phase after a volatile spike. It must hold above $39.42 for any bullish continuation. Keep an eye on volume. Upside possible, but still weak unless reclaimed above $41.50+.

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