ZEC Market Analysis

Still independent of mainstream currencies, with no influence on each other, but the trend structure is relatively clear.

Once again, it hit the short-term high of 505.46, then pulled back, showing a pattern of rising and falling; 505.46 has become a short-term resistance level, 497.63 is the current key support level, and the previous low of 485.68 is an important support below. On the minute level, bearish momentum is dominant, and upward momentum is weakening.

Trading Suggestions:

If it breaks below the support zone of 498-496, consider shorting with the target around 490-488.

A rebound around 497.63 with stabilization, and a break above the 500 level to stand firm can be a buy signal, with the target near the previous high of 505.46.