๐ช $ZEC
/USDT (Perpetual Futures) Technical Analysis
๐น Last Price: $39.97
๐ 24h Change: +0.55%
๐บ 24h High: $47.00
๐ป 24h Low: $39.42
๐ Volume (ZEC): 865,085.53
๐ต Volume (USDT): $36.42M
๐ Mark Price: $40.00
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๐ Market Snapshot:
ZEC experienced a massive spike to $47, but quickly retraced to under $40, signaling a volatile move with possible manipulation or news-driven wick. It's now stabilizing near support.
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๐ง Key Support & Resistance Levels:
Support Zones:
โ $39.42 โ Key intraday support
โ $38.03 โ Psychological + structural base
โ $37.58 โ Local strong support
Resistance Zones:
โ ๏ธ $41.53 โ First resistance on recovery
โ ๏ธ $43.50 โ Rejection point during the wick
โ ๏ธ $47.00 โ 24h spike high (likely unsustainable for now)
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๐ Volume & Moving Averages:
Current Vol: 3,420.28
MA(5): 12,850.06
MA(10): 19,510.55
โค Low volume vs. MAs suggests current price action lacks strength; any upside needs confirmation through volume.
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๐ Technical Outlook:
Price holding near $39.97 shows buyers defending the breakdown zone.
Break and hold above $41.53 would suggest potential upside toward $43.50.
If it fails to hold $39.42, price may retest $38โ$37.5 zone, which could offer a swing-long opportunity.
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โ Conclusion:
ZEC is in a cooling-off phase after a volatile spike. It must hold above $39.42 for any bullish continuation. Keep an eye on volume. Upside possible, but still weak unless reclaimed above $41.50+.
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