$ZEC : Bears Drive Deeper Correction into Macro Support

​The price of ZCash ($ZEC) is currently trading at $492.44, extending its downward trajectory with an -8.06% daily decline. On the 1-hour chart, $ZEC has systematically broken beneath its previous short-term support levels, printing a clean sequence of lower highs and lower lows as it tests the absolute bottom of its recent trading range.

​Long $ZEC

​Entry Zone: $488.00 – $494.00
​Stop Loss (SL): $476.00

​Target 1 (TP1): $506.00
​Target 2 (TP2): $522.00
​Target 3 (TP3): $539.00

​Market Analysis
​$ZEC is weathering sustained distribution after facing a rejection from its structural peak near $569.23. The hourly trend shows clear bearish control; however, the downward expansion is beginning to stretch into an oversold territory as it meets the 24-hour low at $490.27. This area acts as a crucial macro demand layer where buyers previously stepped in with force.

​The asset maintains reliable institutional liquidity, logging a 24-hour trading volume of 52.72K ZEC and an active turnover of $25.96M. For a valid short-term reversal to materialize, the bulls must decisively defend the $490 psychological base. A high-volume breakout back above the $506.00 minor resistance deck will confirm a shift in market structure, opening the door for a corrective relief bounce toward previous supply zones.

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