$ZEC Update: Capped by the Daily 200 SMA
Zcash ($ZEC ) is currently facing strong headwinds. The price has been rejected cleanly from the dynamic resistance of the daily 200 SMA and the supply zone between 290–300.
Current price action suggests this is a corrective bounce rather than a full trend reversal. As long as we trade below the daily 200 SMA, the structure favors a continuation of the broader pullback.
📊 Key Levels to Watch:
Resistance Zone: 290 – 300 (Daily 200 SMA confluence)
Critical Support: ~171 (Macro 0.382 Fib + Rising Trend Support)
Macro Reversal: Valid only above 404.57 with strong acceptance.
The Verdict: The bearish bias remains dominant until buyers can reclaim the daily 200 SMA with convincing volume. Watch for a potential dip toward the 171 confluence zone if the rejection holds.
Trade $ZEC here 👇
