ZEC/USDT Analysis: $ZEC is trading at $33.56, down by 6.47% over the past 24 hours. The price decline, combined with a 24h low of $33.07, suggests bearish pressure, with a considerable 24h trading volume indicating active trading interest despite the downward trend.
Indicators show a bearish outlook: the MA(7) is at 34.14, below the MA(25) at 36.08 and the MA(99) at 36.41. This setup suggests a continuation of the current downtrend, with resistance around these moving averages.
Trade Signals:
Long Trade: Potential entry if ZEC breaks above $36.05, with support near $33.56.
Short Trade: Consider a short position below $33.07, keeping an eye on resistance at $34.14.
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