$ZEC

This scenario is exactly what happened in the higher price range before, only this time it is occurring on a smaller time frame.

The leveraged players in this area have been completely liquidated, causing liquidity to dry up. Therefore, there is no reason for the market to return here. Buying at the current level is essentially buying right below resistance! To break through this area, there must be a very strong influx of capital, even when the market is in a low liquidity environment.

ZECUSDT

Perp

447.11

+7.33%