$ZEC is currently trading in a precarious position, testing a major support level that has held strong for several months. The overall trend remains bearish, characterized by a series of lower highs.

Key Technical Levels:

· Crucial Support: $20.00 - $21.00. This zone has been a historical floor. A sustained break and daily close below $20 could trigger a significant sell-off towards the next support near **$17.00**.

· Immediate Resistance: $25.00. This level has recently acted as a rejection point. A break above this is needed to signal any short-term bullish momentum.

· Major Resistance: $28.50 - $30.00. A move above this zone would be required to invalidate the broader downtrend.

Technical Picture:

The price is compressed within a descending triangle pattern,a typically bearish formation. Volume has been declining during the consolidation, which is common, but a spike in volume on a breakdown would confirm the bearish direction. The RSI is in neutral territory, giving no strong momentum signals yet.

Summary:

ZEC is at a make-or-break level.The $20.00 support is key. Traders should watch for a decisive break below this level with increasing volume for a confirmation of further downside. Until then, the asset is in a state of equilibrium, but the path of least resistance appears to be lower within the prevailing downtrend.

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Chart Illustration

The chart below visually represents the described technical situation.

(This is a textual description of the chart picture for your analysis)

· A descending trendline (in red) connects the lower highs, defining the bearish trend.

· A strong horizontal support line (in green) is drawn at the $20.00 - $21.00 zone, where the price has bounced multiple times.

· The price is shown approaching this support, with the candles looking compressed.

· Red arrows project the potential bearish path if support breaks, targeting $17.00.

· A RSI indicator at the bottom is shown hovering around the 40-50 level.