🔥 $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}