Watching $ZEC closely on the lower timeframes right now. Bears have pinned the token around $380 following yesterday's selloff, and the 5-minute chart is giving me solid confirmation across 7 key resistance zones.
If momentum breaks as expected, Zcash could see a hard dump down toward the weekly 50 EMA. The setup looks clean on the lower timeframe—technical confluence is there. Worth keeping an eye on the next few candles for confirmation of the move.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
4
Repost
Share
Comment
0/400
LiquiditySurfer
· 17h ago
zec this wave indeed looks a bit uncertain, just a few candles relaxing the 380 resistance level will tell. Seven resistance confirmations, is it really that solid? Not quite convinced, but the convergence on lower timeframes is definitely worth paying attention to. Let's see in the next candle.
View OriginalReply0
FarmHopper
· 17h ago
It's the same old story, 7 resistance levels, perfect technicals... I said the same thing last time, and ZEC just rebounded directly.
View OriginalReply0
RektRecorder
· 17h ago
Can ZEC break $380 this time? It feels like there's quite a bit of selling pressure.
View OriginalReply0
GateUser-44a00d6c
· 17h ago
How many times has the 380 level rebounded? It really feels like it might break this time, but it's hard to say for sure.
Watching $ZEC closely on the lower timeframes right now. Bears have pinned the token around $380 following yesterday's selloff, and the 5-minute chart is giving me solid confirmation across 7 key resistance zones.
If momentum breaks as expected, Zcash could see a hard dump down toward the weekly 50 EMA. The setup looks clean on the lower timeframe—technical confluence is there. Worth keeping an eye on the next few candles for confirmation of the move.