#美联储降息 ZEC Technical Review and Future Outlook

Recently, ZEC has exhibited a classic bearish signal. Starting from the resistance level around 415, the price faced downward pressure and ultimately dropped to the vicinity of 370, a decline of over 10%. The accuracy of this move warrants a review—from the peak to the breakdown, it almost left no room for the bulls to breathe.

From the candlestick structure, the bearish divergence at the high levels of ZEC is already quite evident. Trading volume has gradually decreased, while the price has surged higher. This divergence often indicates a weakening of upward momentum. Once this structure is broken, the likelihood of a decline significantly increases.

Compared to the $BTC and $ETH movements during the same period, ZEC's performance reflects the market’s re-pricing of risk appetite for smaller coins. When the overall trend is volatile, capital tends to be more cautious. This is also why technical analysis becomes particularly crucial in the current market environment.

Going forward, focus on whether ZEC can find support at the 370 level and whether it will face resistance around 400 during a rebound. From a larger cycle perspective, the Federal Reserve’s policy direction remains a key background factor influencing overall risk assets.