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$ZEC (Zcash) Market Breakdown
🔴 Long Liquidation: $15.226K at $507.52
Current Price: hovering around $500–505
Market Structure
ZEC has been grinding higher for days, but this liquidation confirms exhaustion near local highs. The sell-off wasn’t panic it was controlled, which matters.
Key Support Zones
Primary Support: $480–485
Major Demand: $450–460
Resistance Levels
Immediate Resistance: $520
Breakout Zone: $560+
Sentiment
Cooling bullish momentum. Smart money is no longer chasing; they’re waiting.
Targets
Short-term bounce: $520
Breakdown risk: $460
Next Move
If price holds above $485 with volume drying up, expect a relief push. Lose $480, and ZEC revisits deeper demand.
Pro Tip
ZEC moves violently after compression. Let the range form before committing size.
$ZEC #ETHTrendWatch #ETHTrendWatch