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$ZEC Facing resistance ... increased volatility
ZEC recently rebounded strongly from $229 support level to $261.82 but faced clear rejection at the resistance zone. Currently, the price is trading around $255 , showing signs of recovery after a sharp pullback. This reaction confirms that $260 – $262 is a strong resistance area, where sellers are actively taking profits.
If ZEC fails to break above $262, a short-term pullback to $245 – $238 support levels is possible. However, if the bulls can break through and sustain above $262 , the next target could be $275 and $290. Currently, the market is in a decision zone, so please wait for confirmation and manage risks properly before making any trades.
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