Recently, many people have been inquiring about the trend of ZEC. From a technical perspective, the short term is still mainly a rebound. It faces resistance in the 430~450 range. If it can stabilize and break through 450 and hold above 470, there is a chance to push towards the 560~600 threshold. On the downside, focus should be on the support zone of 350~370. Once this is effectively broken, it’s likely to drop below 300.
However, currently ZEC is heavily influenced by news sentiment, essentially meaning that news outweighs technical factors. In this situation, what we can do is closely monitor these key resistance and support levels. Whether it breaks upward or downward, it’s about following the trend and not over-interpreting.
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DoomCanister
· 01-12 03:47
ZEC this wave was driven too aggressively by news, and the technical aspect has basically been torn apart. I'm now just watching whether it can hold at 350; if it can't, I'm ready to buy the dip.
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SnapshotStriker
· 01-12 03:42
ZEC this wave, to be honest, the news is the real driver; technicals look good but are secondary. Just hold between 350-370, don't overthink it.
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zkProofInThePudding
· 01-12 03:38
Negative news pressure, technical analysis becomes meaningless... To be honest, I can't quite grasp this wave of ZEC; dropping below 350 is truly frightening.
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MoonMathMagic
· 01-12 03:30
Oh man, the way news influences technical analysis really drives me crazy. It feels like all the analysis is pointless.
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MEVHunterX
· 01-12 03:30
ZEC's news is too chaotic to analyze technically. Anyway, just stick to the 350 and 450 levels; if broken, then run.
Recently, many people have been inquiring about the trend of ZEC. From a technical perspective, the short term is still mainly a rebound. It faces resistance in the 430~450 range. If it can stabilize and break through 450 and hold above 470, there is a chance to push towards the 560~600 threshold. On the downside, focus should be on the support zone of 350~370. Once this is effectively broken, it’s likely to drop below 300.
However, currently ZEC is heavily influenced by news sentiment, essentially meaning that news outweighs technical factors. In this situation, what we can do is closely monitor these key resistance and support levels. Whether it breaks upward or downward, it’s about following the trend and not over-interpreting.