2026-01-16 00:23:45

ZEC currently underperforms significantly compared to other privacy coins. In the short term, there are still opportunities for short positions, but from my perspective, the rhythm is not yet fully in place.

From the daily chart, the price has turned after touching the EMA30, showing a generally weak performance. However, it’s worth noting that it has not yet tested the key resistance level at 470. Based on the current trend, the daily cycle may need further adjustment to confirm the direction.

Switching to the 4-hour timeframe, the previous trendline provides support, and the recent rebound has been quite strong. However, the 450 level above remains a significant resistance zone, making it difficult to break through in the short term. The 400 level below has become a recent support point.

Overall, this coin shows a clear weak performance. My approach is to take it step by step. The overall outlook remains bearish, but I will wait for more definitive signal confirmations before increasing positions. No need to rush.

ZEC-2,08%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
8
Repost
Share

Comment

0/400

screenshot_gains

· 1h ago

ZEC this wave is indeed very disappointing, but I think we should wait a bit longer. Rushing to short might easily get trapped.

View OriginalReply0

BlockchainWorker

· 01-16 00:53

ZEC this wave really isn't worth watching, it's even worse than other privacy coins. Wait, if the 450 hurdle can't really be broken, then things will get interesting later on.

View OriginalReply0

SelfMadeRuggee

· 01-16 00:53

It's the same old story with EMA and trend lines again. ZEC, this crappy coin, really isn't worth it. Let's wait a bit longer.

View OriginalReply0

SatoshiLeftOnRead

· 01-16 00:52

ZEC this wave indeed can't be pushed up, let's wait and see if it can break below 400 before taking action. Currently, rushing to short increases the risk of being caught by a rebound.

View OriginalReply0

SchroedingerMiner

· 01-16 00:38

ZEC this wave indeed has no rhythm, what are we waiting for, if 450 can't break, we have to wait again. Talking about signals every day, can we enter at 420, everyone? Short-term bearish strategy is fine, but that 400 support is a bit strong, breaking through it uh... In the privacy coin sector, ZEC is indeed the worst, don't rush to buy the dip. Can't even reach 470, truly weak. Wait a bit longer to get on board, brothers, not so soon.

View OriginalReply0

TokenDustCollector

· 01-16 00:32

ZEC this wave indeed can't be pushed up, feels like it's still consolidating the bottom, no need to rush.

View OriginalReply0

TooScaredToSell

· 01-16 00:27

ZEC this round is indeed unimpressive, but those rushing to short will all get their faces slapped. Wait for the signal.

View OriginalReply0