2026-01-09 03:28:41

ZEC's recent decline is mainly due to market sentiment. From 550 crashing down to 460, then hitting a low of 380, the panic among holders was truly wave after wave. But looking closely at the 380 level, it’s essentially a key support—Fibonacci 0.5 level, Gann angle quarter support, plus the previous dense trading area stacked there. With multiple factors converging, a rebound naturally occurred. Now, ZEC has pulled back to around 434. From the candlestick pattern, this looks more like a rebound rather than a true reversal. However, if it can strongly break through the 480 level, then we really need to reassess the subsequent trend—there’s a glimmer of opportunity.

ZEC-14,22%

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ParanoiaKing

· 01-09 03:58

That crucial point at 380 truly did not disappoint; multiple support levels stacking up really shows some strength. Now it's just a matter of whether it can break through 480, otherwise it's just a fake-out rebound.

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MondayYoloFridayCry

· 01-09 03:54

The key level at 380 indeed held, but let's see the rebound. Don't talk to me about Fibonacci; I'm just watching how the candlesticks move. A breakthrough of 480 is what counts; it's still early. Dropping from 550 to 380 was really shocking; I almost sold my coins. What's the point of a rebound at 434? Not there yet, just waiting. Whether this rebound can hold is the real question; don't just look at the technicals. Wait until 480 is broken before bragging; anything said now is pointless. ZEC is really a roller coaster; when will the emotional sell-offs end?

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ChainChef

· 01-09 03:52

ngl zec's recipe was way too spicy this time around—panic-cooked the whole thing down to 380 lmao. but that fib level? *chef's kiss* that's where the ingredients actually matter. 480 break or we're just simmering in the same broth tbh

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TokenomicsDetective

· 01-09 03:51

380 is really a solid bottom, Fibonacci plus Gann plus dense zones—do these add up to prevent a rebound? Breaking through 480 is the key point; now it's about whether it can hold steady. There is still room for ZEC's recent moves. The rebound at 434 doesn't seem too surprising; let's observe a bit more. Once the bottom is confirmed, it's easier to handle. The only thing to fear is a lack of support.

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