Overview
- ZEC fell nearly 10% on Thursday to roughly $239, slipping below $240 during a risk-off move across major cryptocurrencies.
- The pullback follows a roughly 23–25% surge to about $280 that broke a long-standing descending trendline and confirmed a bullish structure.
- Key levels now include resistance near $282–$284 and the 200-day EMA around $281, with supports at $250–$254, $240, and a risk invalidation near $228.
- Recent momentum signals that supported the breakout included a Supertrend flip to green, RSI holding above 60, a positive MACD cross, and rising volume.
- Analysts note renewed interest in privacy-focused tokens, while a social-media claim tying ZEC’s move to Washington, D.C. regulatory developments remains unconfirmed.