$ZEC /USDT – STRONG BOUNCE FROM $31 SUPPORT, BULLS REGROUP ABOVE $36
Zcash ($ZEC ) has bounced impressively from its 24H low of $31.28 to reclaim the $36.67 level, posting a +15.57% gain. The sharp reversal came after multiple red candles, signaling a possible local bottom formation with buyers stepping in on high volume.
Now trading just below $37, $ZEC is consolidating after a quick surge, with resistance seen at the $38.06–$38.35 range. This structure shows healthy pullback and sideways action, which often precedes a secondary push if volume remains consistent.
Key Stats:
24H High: $38.06
24H Low: $31.28
Current Price: $36.67
Volume: 572.6K ZEC
Resistance: $38.00–$38.35
Support: $35.50
MarketNext Outlook: A sustained hold above $35.50 can fuel another push toward $40. Keep eyes on volume and candle structure near $37.20 for confirmation.
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