ZEC is getting hammered right now, but here's what caught my eye – the selling pressure just slammed into a chunky support zone that's held strong over the past several months. We're seeing classic rejection wicks forming at this level, which typically signals a potential reversal setup. If the support holds and buyers step in, a bounce toward the $500+ range looks feasible from here. The technicals are aligning for an interesting trade, though nothing's guaranteed in this market. Key is watching whether this zone acts as a springboard or if sellers push through.

ZEC-3,28%
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MysteryBoxOpenervip
· 01-11 13:17
ZEC this wave is indeed tough, but the support level still held. I’m familiar with the reverse wick trick... --- If the support level breaks, just go all-in on short positions. --- 500+? Let’s get past this hurdle first... --- Honestly, it’s all about when the buying volume will step in. Right now, no one dares to move. --- Technical analysis looks good, but it’s useless without a buyer stepping in. --- There have been a few reverse wicks before, but is this time different...? --- I think it still needs to drop further. This support level is watched by too many, it can’t hold. --- In my opinion, this is just a trap to lure in buyers. Just wait and see. --- The bottom does look pretty good, but I still feel uneasy...
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FallingLeafvip
· 01-11 10:03
ZEC this wave of decline is really intense, holding firmly at the support level is the real highlight. If the support can't hold, it will really take off, just waiting for a rebound. By the way, is 500+ really stable? I always feel this wave will continue to drop. Hey, this time the technicals seem to have some real substance. Wait, could this be a trap to lure more buyers? Such obvious support... Once the support level collapses, the game is over. I still need to be cautious. The rebound space looks good, but I don't really believe it; this market is too tricky.
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HalfBuddhaMoneyvip
· 01-09 13:59
This drop in ZEC is actually quite interesting. If the support level holds, it might rebound above 500.
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SnapshotStrikervip
· 01-09 13:24
This wave of ZEC decline is actually an opportunity. The support level has really held firm. Rebounding to over 500 shouldn't be a problem, right?
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DataPickledFishvip
· 01-08 15:00
ZEC's recent drop was quite sharp, but the support level still seems to be holding. If the rebound kicks in, reaching 500+ isn't a dream.
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SudoRm-RfWallet/vip
· 01-08 14:59
This support level for ZEC needs to hold firmly, otherwise it will break through the bottom directly.
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BlockchainArchaeologistvip
· 01-08 14:57
ZEC's recent sell-off is quite intense... but the support level is solid, and it looks like a rebound signal is coming.
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BtcDailyResearchervip
· 01-08 14:55
ZEC took a heavy hit this time, but the support level held up. Now it's just a matter of whether it can rebound to 500.
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SerRugResistantvip
· 01-08 14:52
Can't even break the support levels, what are you still bragging about a rebound for?
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GasFeeTearsvip
· 01-08 14:34
ZEC this round is indeed tough, but that support level is holding firm... Rebound to $500? I bet it can break through haha
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