đ $ZEC â Mid-Range Consolidation Still in Play
ZEC continues to trade within a tight mid-range structure, holding near the center band while failing to show a decisive move in either direction. Price action remains muted just under the $600 level, reflecting a lack of strong momentum.
đ Key Levels to Watch
đș Resistance Zone: $642 â $701 (major supply area; bullish only if price closes above)
đ» Support Levels: $558 and $509 (potential retest levels if weakness continues)
đ Market Structure
The current setup suggests continued consolidation unless ZEC can secure a clean breakout above resistance. With broader market sentiment leaning weak, any upside attempts may struggle to sustain without strong volume confirmation.
đ Outlook
ZEC remains neutral-to-bearish in the short term. Traders should watch for
âą a break above $642 for bullish continuation,
âą or a drop toward $558 / $509 if sellers gain control again.
#zec #CryptoAnalysis #BinanceTraders #MarketUpdate #ConsolidationPhase
