#ZEC $ZEC

ZEC/USDT Coin Analytics

At the moment, the ZEC coin is showing weakness, as the weekly candle failed to close above the key resistance at $75. This indicates that it is too early to talk about recovery and the beginning of an uptrend. The current dynamics confirm a rapid decline, which increases the likelihood of a continuation of the correction.

Key levels:

Support:

1. $65 is the current support level, where the price reaction is observed.

2. $57.50, $48, $42 are stronger support levels that can be tested with a further decline.

Resistance:

1. $75 is the main resistance level, a breakout of which is necessary for a change in the trend.

2. $88, $98 are the next targets if the price consolidates above $75.

Recommendations:

At the moment, going short immediately may be a risky decision. However, if the price returns to the $72 level, this may be a good point to open a short position.

The coin looks confident from a fundamental point of view, but in my opinion, it needs a correction to more serious support levels. Only after that can we consider a set of volumes for long-term holding.

Important note:

All of the above is my subjective opinion and is not financial advice. Make any decisions based on your own analysis and strategy.

Thank you for your attention! I hope my analysis was useful for you. I will be glad to receive your feedback - do not hesitate to ask questions. I wish you successful trades, friends!