$ZEC 📉 ZEC Market Update (1H View)
ZEC has been sliding down steadily, moving from the mid-380 zone to around the 330s. Buyers are still quiet and indicators show a clear cooldown phase.
What the chart suggests:
MACD → still negative, momentum weak
RSI → sitting low, showing selling pressure but also potential for a bounce
Bollinger Bands → price hugging the lower band, meaning the market is oversold
Short-term (1H) → downtrend
Mid-term (4H) → weakening momentum
Long-term (1D) → still in correction mode
My personal view:
If ZEC can hold near the current support zone, it may try a small reco