2026-01-06 18:02:14

Is $ZEC ‌ actually running out of steam here?

The push up to 530 was looking solid, but we just got slapped back down pretty fast. Looking at the 1h chart, we’ve printed three straight red candles and we're currently testing the 506 area.
If this doesn't hold, the next clear floor is down around 495 where the previous consolidation happened. The 24h volume is sitting at 195M, which isn't huge for a move this size, so it feels a bit thin.
I'm waiting to see if we get a bounce here or if this is the start of a deeper pullback to retest the 486 low. It’s definitely not the time to be jumping in blindly after that rejection at the top.
The 30 day trend is still up over 53 percent, so the macro looks fine, but the local price action is definitely sweating a bit.

#MemeCoinRebound

ZEC-3,44%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

1 Likes