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Based on the ZECUSDT chart (1-hour & 4-hour Perpetual):
ZEC/USDT price movement shows a high consolidation phase (pullback/sideways) after experiencing an impulsive uptrend (strong rally) from the main support area at 501.14 (or 466.29 on the 4-hour chart) until reaching its peak at 888.00. Currently, the price is in the range of 831.51 - 831.59 (up approximately +3.29%).
Technical Summary of Key Levels
Current Price: ~831.50 USDT
Main Resistance: 888.00 USDT (Peak/Swing High area)
Nearest Support: 803.65 – 810.62 USDT (Minor consolidation swing low area)
Strong Support (Base): 677.14 – 694.57 USDT
Structure Analysis & Projection
Bullish Scenario: The macro structure remains in a strong uptrend. If the candle manages to break through and hold (breakout) above the 888.00 resistance, ZEC has the potential to continue rising toward the next resistance target in the 926 - 930 USDT area.
Bearish/Correction Scenario: If the price breaks below the nearest support (803 - 810 USDT), a healthy correction (retracement) toward the 677 - 694 USDT demand area could occur before determining the next direction.
Note: This analysis is based purely on visual price movement (Price Action).
#AIBoomDrivesTungstenShortage
$ZEC