Market Analysis Overview – $ZEC /USDC
$ZEC is currently trading at 501.28, reflecting a mild intraday pullback after failing to sustain momentum near the 529.30 24h high. The price has shown recovery from the recent low of 481.31, but the broader structure still indicates cautious sentiment. The chart shows repeated rejections near the mid-520 zone, suggesting that sellers are active at higher levels while buyers are defending dips around the 490–500 range. With ZEC down 1.31%, market movement is slow, and lower volume participation reflects hesitation among short-term traders.
Despite the pressure, the overall pattern shows that ZEC is attempting to stabilize above the psychological 500 level. If buyers manage to hold this zone, the next test could be around 509–515, while a stronger push may revisit 525+ levels. However, if price drops below 493, downside pressure may extend toward 485–480, where fresh liquidity previously entered. Market sentiment remains mixed, so traders should rely on clear confirmation signals and maintain disciplined risk management as volatility remains contained.
