$ZEC /USDT Technical Update - Struggling Near Resistance

Current Price: $48.18 (-3.49%)

Key Highlights:

24H Low: $46.19

Volume: 7.80M

Technical Overview:

$ZEC/USDT shows minor recovery from its 24H low at $46.19 but continues to face resistance near the 25 EMA ($48.33). The 7 EMA ($48.22) is providing immediate resistance, while the 99 EMA ($51.59) remains well above, indicating bearish sentiment.

Support Levels: $47.00 | $46.20

Resistance Levels: $48.50 | $49.50

What’s Next?

If $ZEC can hold above $47.00, it might attempt to break $48.50 and target $49.50. Failure to sustain above $47.00 could lead to a retest of $46.20.

Strategy:

Consider entries near $47.50-$48.00 with targets at $48.50 and $49.50. Use a stop-loss at $46.50 to manage risk.

Observation:

ZEC is showing weak momentum with limited buyer activity. A confirmed break above $48.50 with increased volume is needed to shift momentum.

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