$ZEC ZEC/USDT – 1H Technical Analysis
ZEC is clearly in a strong bearish trend right now.
Trend & Moving Averages
Price is trading below MA(7), MA(25), and MA(99) → full bearish alignment.
MA(7) and MA(25) are sharply sloping down, showing strong selling pressure.
MA(99) far above price → trend is still weak, no reversal confirmed.
Price Action
Strong dump from the 290–300 zone.
Recent low at 237.17, followed by a small bounce to ~244.
Current bounce looks weak (dead-cat bounce), not a trend change yet.
RSI (6)
RSI around 21.5 → deeply oversold.
Oversold means short-term bounce possible, but oversold alone ≠ reversal.
MACD
MACD is still below zero and histogram remains red.
Momentum is bearish, though selling pressure is slightly slowing.
Volume
No strong bullish volume on the bounce → buyers are not confident yet.
Key Levels
Support: 237 – if this breaks, next downside could be 225–215
Resistance: 250 – 255 (first), then 264
Trade Idea
❌ Long is risky unless price reclaims 250–255 with strong volume.
✅ Short on pullback near resistance is safer while price stays below MA(25).
Aggressive traders can scalp a small bounce, but with tight SL.
Conclusion ZEC is oversold but still bearish.
Wait for confirmation, not emotions. Trend is your friend — and right now, the trend is down 📉
