๐ ZEC 1D โ price holding at major support with a wide range above
$ZEC is trading around $238, sitting directly on a key daily support level. This area has acted as a major reaction point before, and the current candle shows the market trying to stabilize after the recent pullback.
The chart highlights a clear range:
$238.75 โ current support
$549.43 โ next major resistance
$694.30 โ upper resistance level
The vertical projection on the chart outlines the idea that if ZEC can maintain support at $238, the next significant area of interest becomes the $549 zone. This is the midpoint of the broader range and the first major level buyers would need to reclaim to shift momentum.
As long as ZEC holds above $238, the structure remains intact. A breakdown below this level would weaken the setup, but a steady hold here keeps the door open for a move back toward the higher levels.
In simple terms:
ZEC is sitting on strong support. Holding this level keeps the path open toward $549, while losing it would shift focus back to lower levels.
