DeGRAM | ZECUSD is preparing for a correction📊 Technical Analysis
● ZEC/USD rebounded from the long-term support line after completing a falling wedge, but the recovery stalled below a descending resistance, keeping the broader structure corrective. Recent price action forms a rising channel capped by a key resistance trendline, signaling weakening upside momentum.
● Repeated rejections near the upper boundary and a failed triangle breakout suggest distribution, with downside risk toward channel support if sellers regain control.
💡 Fundamental Analysis
● Privacy-focused altcoins like ZEC remain under pressure amid subdued risk appetite and lack of fresh sector-specific catalysts, while capital continues rotating toward higher-liquidity majors.
✨ Summary
● Medium-term bearish bias. Resistance: 550–570. Downside targets: 460–430, with invalidation above descending resistance.
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