$ZEC Testing Critical Support Levels After Sharp Retracement

​The price of ZCash ($ZEC) is currently trading at $493.98, down -9.35% over the last 24 hours. On the 15-minute chart, $ZEC has experienced a steep downward correction and is currently testing its 24-hour low near the $493.08 support mark. This level is vital for buyers to defend to stabilize the price structure and prevent further downside expansion.
​Long $ZEC
​Entry Zone: $490.00 – $495.00
​Stop Loss (SL): $478.00
​Target 1 (TP1): $506.00
​Target 2 (TP2): $514.00
​Target 3 (TP3): $522.00
​Market Analysis
​$ZEC is navigating an aggressive cooling-off period following a rejection from its local peak of $520.44. The quick downward movement indicates intense short-term selling pressure, but the momentum is beginning to slow down as it approaches the key psychological cushion around $493.00.
​With a 24-hour volume of 51.68K ZEC and a steady turnover of $25.53M, substantial liquidity remains active at these lower price points. If bulls manage to hold this base and push the price back above the immediate $498.50 barrier, it would confirm a short-term relief structure, paving the way for a recovery rally back into the previous consolidation zone.

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