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🔥 $ZEC Sharp Correction — Power Move or Panic Move? $ZEC

William _ETH

Updated at: 4 hours ago

{"content":"🔥 $ZEC Sharp Correction — Power Move or Panic Move? $ZEC is trading near $235.21, marking a heavy -13.93% drop in the last 24 hours. The token touched an intraday high of $277.77 before collapsing to a low of $226.26, showing massive volatility across sessions. 📊 What’s Going On? The sudden drop comes after a strong rally earlier this week — traders are likely taking profits amid rising market uncertainty. Volume remains high (795K ZEC / 196M USDT), meaning there’s still plenty of action, but most of it looks bear-driven right now. Momentum has clearly shifted as sellers dominate short-term charts. 🔑 Key Levels: Support: $226 — Major demand zone; if this fails, next support lies around $215 Resistance: $245 — Nearest upside hurdle; next resistance at $255 📈 Trend: Currently bearish, with lower highs forming consistently on 15m and 1h charts. However, the price seems to be stabilizing slightly above $230, suggesting possible short-term consolidation before the next move. 💡 Trade Idea: If ZEC holds above $226, a technical rebound toward $245–$252 could be possible for short-term traders. If ZEC breaks below $226, expect further downside momentum — potentially testing $215 or even lower in the coming sessions. 🚀 Trade Bias: ➡️ Sell (Short-term) — Market still favors sellers. A buy setup only becomes valid if ZEC reclaims and sustains above $245 with volume support.","images":["https://d35imkjvkj28kt.cloudfront.net/uploadfile/article/blog/2025102025/10/23/82c2f10ac61b917c92faf7ff61ee0a16.jpg"],"tags":[],"tradingPairs":["ZEC/USDT"],"quotearticleid":0}

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