ZEC/USDT is currently trading near $644.06 USDT after a sharp 7.04 percent drop in the last 24 hours.The chart shows a clear daily timeframe trend where price recently pulled back from the 24 hour high of 718.00 USDT and moved close to the 24 hour low of 637.52 USDT.Volumes remain strong with almost 1.07 million ZEC traded worth about 734.89 million USDT which signals high market activity despite the correction.The long term structure still leans bullish because the MA99 at 216.01 continues rising which reflects sustained higher price levels over time.The mid term MA25 at 527.16 also confirms that buyers previously controlled the trend before this recent decline.The short term MA7 near 654.32 is now slightly above the current price which can act as a short term resistance level if buyers try to push the price back up.Price has dropped from the 700 plus zone but it is still holding within the broader upward structure created over many weeks.The market is showing a healthy correction after an extended rally but traders will be watching how price reacts around the 640 to 655 zone which is close to the moving averages.Overall ZEC remains in an uptrend on higher timeframes while facing short term selling pressure that can create volatility for intraday traders. #ZEC #USDT #Crypto #Binance #Zcash #MarketUpdate #PriceAnalysis $ZEC

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