ZEC is trading at 539.54 USDT after a sharp twenty four hour drop of 6.27 percent.The price has ranged between a high of 610.92 and a low of 529.00 with strong trading volume of about 544277 ZEC equal to roughly 310 million USDT.The daily chart shows clear downward pressure as recent candles continue to push lower from the earlier peak near 611.The moving averages MA7 MA25 and MA99 are all positioned above the current price which signals sustained bearish momentum.Buyers attempted to hold the upper zone earlier but selling pressure increased and pushed ZEC back below short term and medium term trend levels.The market remains weak unless it regains support above the MA25 and begins forming higher lows otherwise further downside movement is possible.

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ZECUSDT

Perp

509.44

-5.62%