$ZEC / USDT Analysis: Healthy Correction or Trend Change? đĄïž
âLooking at the Zcash (ZEC) daily chart, weâre seeing some interesting movement as we kick off 2026.
After that solid run-up, ZEC is cooling off, but the bigger picture still looks interesting. Hereâs the breakdown:
âThe Current Situation đ
âZEC is currently trading around $489, down about 5-6% over the last 24 hours. After hitting local highs near $534, itâs pulling back to test key support. In the broader market, BTC is hovering near $88k, so weâre seeing a bit of a "wait and see" vibe across the board.
âKey Levels to Watch
âImmediate Support: We are testing the EMA(25) area around $468. Holding this level is key to keeping the short-term bullish momentum alive.
âThe Safety Net: If things get shakier, the EMA(99) down near $378 is the major long-term floor.
âResistance: Bulls need to reclaim $505 and flip it to support to eye a move back toward the $530+ zone.
âThe "Privacy" Catalyst đ”ïžââïž
âInterestingly, while the price is correcting, institutional interest in privacy tech is picking up. Reports just hit that Cypherpunk Technologies added another $29M in ZEC to their treasury, now holding nearly 2% of the total supply. When whales accumulate during dips, itâs usually a signal worth noting.
âMy Take đ§
âZEC is basically resetting its indicators. The RSI is moving toward neutral, which clears out the "overbought" froth. As long as we stay above $460, this looks like a standard healthy correction in a macro uptrend.
âStrategy: I'm watching for a bounce at the $470 level. If it holds, it could be a solid entry for the next leg up. Stay patient and don't let the 24h red candles spook you.
âAre you buying the dip or waiting for $450? Letâs talk in the comments! đ
#zec â#PrivacyCoins #CryptoAnalysis #BTC90kChristmas #Market_Update