ZEC this wave of movement, the bulls are clearly losing momentum and have difficulty maintaining sustained strength. Last night, the price was forcibly pushed up to the 530 level but quickly encountered resistance, then oscillated and weakened, currently finding support around 488, with a short-term rebound above 490.

From an hourly perspective, after a previous surge to 555, the structure has shifted to a bearish dominance, with the highs gradually decreasing, and each rebound weaker than the last, showing clear signs of fatigue among the bulls. In the afternoon, focus on the support performance in the 485–480 zone; if it breaks downward effectively, expect further decline; if support holds steady, consider attempting long positions at this level.

Trading strategy:

If the rebound above 500 faces resistance, consider short positions targeting 480–450.

If the price stabilizes around 480 after a pullback, try long positions with targets around 500–520.