Guys, $ZEC is experiencing a severe downturn, down a staggering -23.67% in 24 hours. 📉 Trading at $492.34, the coin has plummeted from its 24h high of $699 and is now testing critical support at $479.09. This represents a major breakdown in market structure.
Key Technical Situation:
· CRITICAL SUPPORT: $479.09 (24h low) - Last line of defense
· Major Resistance: $699.00 (24h high) - Recovery benchmark
· Next Support: $370.74 if breakdown continues
Market Context:
The massive$955M trading volume indicates panic selling and institutional exit. ZEC is currently in a strong downtrend with no immediate signs of reversal.
Outlook:
If $479 support fails, we could see a rapid decline toward $370. Any recovery attempt would need to reclaim at least $550 to suggest potential stabilization.
This is a high-risk environment for $ZEC .
Extreme caution is advised.
ZECUSDT
Perp
508.45
-12.96%
.