ALERT: #ZEC/USDT Plunges Over 12% in 24H!
Pair: $ZEC / $USDT
Current Price: $30.86
24H Change: -12.60%
24H High: $35.68 | 24H Low: $29.78
A sharp bearish breakdown just occurred on the 4H chart, with a massive red candle pushing #zec down to $29.78 — its lowest point in the last 24 hours. This could signal:
Panic selling or liquidation
Break of support level
High volatility incoming
Technical Breakdown:
Strong rejection seen from the $38.35 zone.
A descending trend formed with lower highs and lower lows.
Price now hovering near a temporary rebound at $30.86 after the dip.
Key Observations:
Volume spiked as price dropped — indicating strong selling pressure.
Possible dead cat bounce or a continuation of the downtrend?
Watch closely for the $30 support zone — a break below could lead to $28 or lower.
Traders:
Tighten stop-loss if you're long.
Look for confirmations if planning to short.
Consider RSI & MACD indicators to confirm entry/exit points.
Stay alert, stay informed!
