2026-01-09 05:22:04

Remember the 20x rally of ZEC at the beginning of the year? Now the story has become more complicated. On the 1-hour chart, a technical pattern is quietly forming, and the price is hanging on the brink of life and death.

As of today, ZEC has repeatedly tested the level of $436.15. From the high of $750, it has already fallen more than 40%. The Bollinger Bands clearly depict the entire situation: upper band at $529.90, middle band at $420.26, and lower band at $389.61.

**What is the current situation?**

From the 1-hour candlestick chart, ZEC has gone through the standard rhythm of "rising-high - retracing - consolidating." Now the price is hovering near the middle Bollinger Band, which is the most intense area of bullish and bearish conflict. What about the MACD indicator? The fast and slow lines are entangled around the zero axis, and the green momentum bars have a slight increase but lack strength — the market is like at a crossroads, undecided on which way to go.

Volume is quite interesting. When the price rebounds, the volume gradually increases, but there’s no sudden explosion. This indicates that large funds are still observing and have not truly entered the market.

**Key levels are here:**

Resistance above is at $480-$500 and $529.90; the dividing line in the middle is at $420.26; support below is at $389.61 and $377.

If the price can stabilize above the middle band and break through $450 with volume, there’s a chance to test the $480-$500 hurdle again. Conversely, if it falls below $420, the lower defense line must be taken seriously.

ZEC2,7%

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CryptoGoldmine

· 1h ago

The middle band of the Bollinger Bands is indeed the core of the game, with large funds still waiting for volume confirmation. Once the 420 line is broken, the profit-to-cost ratio will change significantly, worth paying attention to. From a mining perspective, this kind of consolidation during the difficulty adjustment cycle is actually an opportunity for strategic positioning.

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SnapshotLaborer

· 10h ago

This line can't hold, it feels like it's going to break below 420.

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MEVSandwich

· 01-09 05:52

Big funds are just watching the show; anyone who dares to buy in at this time is a rookie.

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GetRichLeek

· 01-09 05:50

It's the same Bollinger Bands + MACD analysis again. Weren't we using this approach last year when we bought at the top? I just want to know when the big players will enter the market.

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MidnightSnapHunter

· 01-09 05:50

The middle band repeatedly testing is really annoying. It feels like it's about to break out, but there's just no momentum.

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IntrovertMetaverse

· 01-09 05:48

A 40% drop is such an outrageous decline; it seems the main players are still on the sidelines.

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TaxEvader

· 01-09 05:38

420 is broken, it's over. Don't get your hopes up.

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GateUser-6bc33122

· 01-09 05:28

When the market was 20x, I didn't get in. Now it's repeatedly testing the midline, I really can't understand it. --- If big funds aren't entering, what should we do? Do retail investors have to lead the way first? --- Wait, if it breaks below 420, does that mean a red flag? I need to think carefully about whether to hold on. --- With MACD entangled like this, when will it finally decide? It's driving me crazy. --- If it fails again to break through 450, I will give up completely. It's too torturous. --- The key is still trading volume. Any rebound without volume is fake; we all understand that. --- Since dropping from 750 to now, how calm do you have to be? Respect to those who can hold on. --- It feels like the price is just playing snake-like moves, repeatedly testing the midline up and down. It's really annoying. --- Once 377 falls, is there any support left? That's the real problem. --- Why wasn't this analysis released earlier? Why did it take so long?

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