$ZEC 📊 ZEC/USDT Technical Analysis

Timeframe: 1 Day (1D)

📉 Current Price: ~509 USDT

Daily change: –5.48%

24h High: 595

24h Low: 500

🔍 1. Trend Overview

Short-Term Trend: Bearish

Price is below MA(7) and MA(25) → bearish momentum.

The yellow MA(7) crossed below the purple MA(25) → bearish crossover.

Medium-Term Trend: Neutral to Weak Bearish

MA(25) is still above MA(99), meaning long-term trend is intact, but losing strength.

🔍 2. Key Levels

Support Levels

500 USDT → Strong support (today’s low).

470–480 USDT → Next support if 500 breaks.

356 USDT → Major support (previous consolidation zone).

Resistance Levels

550 USDT → 25-day MA resistance.

595–600 USDT → 24h high + strong rejection zone.

636 USDT → Major resistance.

🔍 3. Candlestick Pattern

The last few candles show:

Multiple red candles, indicating selling pressure.

Price is hovering just above your Buy Avg Price (507.78).

This means you’re near break-even, but trend is weakening.

📉 4. Volume Analysis

Volume is decreasing → shows weak buyer interest.

Sellers are dominating short-term.

📈 5. Overall Signal

Short Term: SELL / WAIT

Because price is under short-term MAs.

Momentum is bearish.

Risk is high for new buying.

Safe Buy Zones:

If you want to add or re-entry:

490–500 zone (strongest support)

450–470 zone (strong discount level)

Profit Targets (if bounce happens):

TP1: 550

TP2: 595

TP3: 636

🟢 Should You Hold?

Since your average buy price is 507.78, and price is 509,

➡️ You are in a neutral zone (no heavy loss).

If support at 500 holds → HOLD.

If candle closes below 500 → expect drop toward 470–480 → risky.

📌 Conclusion

ZEC is in a short-term correction, with price testing a major support zone.

A bounce is possible, but current market shows weakness.

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