ZEC's recent trend is quite interesting. The current price is in the $375-$383 range, and the $370-$380 zone has indeed attracted many bulls. However, the weakness on the daily chart cannot be hidden — a 24-hour decline of over 11%, with a low touching $370. Technical indicators are also flashing red lights, with the MACD histogram remaining negative, and RSI sliding down from the midline, showing that buying momentum is clearly waning.
The key point is that the $400 level above is not just a psychological barrier; it also coincides with the core resistance zone of $400-$450. In the futures market, short positions have already surged to 52.49%, indicating that sellers are clearly in control of the pace. Therefore, the probability of a top and subsequent pullback is quite high.
In trading, prioritize short positions around the $400 level. The first line of defense below is the short-term support at $330. If this support is broken, then attention should shift to the strong support zone at $300-$320.
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rekt_but_resilient
· 7h ago
The bears are celebrating, but we still have to wait for the 330 resistance level.
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MEVHunterX
· 01-12 10:30
It's another round of short-seller hunting, and ZEC looks pretty risky this time...
Breaking below 400 seems unlikely; just wait for a collapse in the short term. Whether 330 can hold is the real point.
An 11% drop... this momentum suggests testing the 300 level next.
Shorts account for over half, indicating the main players have already laid out the path. We just need to follow and profit.
ZEC's current trend is hard to describe; be careful not to get trapped...
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MoonlightGamer
· 01-10 14:48
Keep falling, keep falling, ZEC this time really isn't impressive
With such a strong bearish trend, I can't believe it won't break 400
If 330 can't hold, that's really troublesome. Let's watch the show then
11% drop, this pace is a bit fierce, short positions are indeed attractive
Feels like it's going to drop below 300, who still dares to catch the falling knife
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TokenomicsPolice
· 01-10 14:48
ZEC this wave is a bit brutal, with an 11% drop directly breaking the support
The bears are almost at 53%, and the 400 level might really be unbreakable
330 needs to hold, or it will head straight to 300...
Short-term, shorting is still the safer bet, and buying around 400 is not a problem
The bulls might not be able to hold on this time
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LoneValidator
· 01-10 14:40
400 really can't be broken, the bears have already gained a big advantage
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TheMemefather
· 01-10 14:37
zec this time really can't hold up, a 11% drop directly stunned the bulls
The 400 resistance level is indeed tough, the bears are almost in full control
Betting it won't break 330, right...
ZEC's recent trend is quite interesting. The current price is in the $375-$383 range, and the $370-$380 zone has indeed attracted many bulls. However, the weakness on the daily chart cannot be hidden — a 24-hour decline of over 11%, with a low touching $370. Technical indicators are also flashing red lights, with the MACD histogram remaining negative, and RSI sliding down from the midline, showing that buying momentum is clearly waning.
The key point is that the $400 level above is not just a psychological barrier; it also coincides with the core resistance zone of $400-$450. In the futures market, short positions have already surged to 52.49%, indicating that sellers are clearly in control of the pace. Therefore, the probability of a top and subsequent pullback is quite high.
In trading, prioritize short positions around the $400 level. The first line of defense below is the short-term support at $330. If this support is broken, then attention should shift to the strong support zone at $300-$320.