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ZEC is still weak on the 4-hour timeframe in the current phase. The current price is around the 510 area, staying below the EMA5, EMA10, EMA20, and EMA120. This indicates that, for the short term, the price has not yet reclaimed the key moving averages, and the overall action is closer to a weak consolidation or a rebound continuation rather than a confirmed reversal.
EMA5 is 508.95, EMA10 is 512.37, and EMA20 is 519.89. The short-term moving averages are in a bearish alignment—especially since the price has not yet stabilized above the 519.89—522.54 zone, any rebound is still likely to face selling pressure.
EMA5 is 508.95, EMA10 is 512.37, and EMA20 is 519.89. The short-term moving averages are showing a bearish alignment. In particular, since the price has not yet stabilized above the 519.89–522.54 zone, rebounds are still likely to encounter sell pressure.