Zchan narxiZEC

$ZEC — Sellers still own this chart The daily structure remains firmly bearish. Lower highs and lower lows continue to define the trend. Price failed to reclaim the major supply zone at $300–$330, and that rejection was decisive. What previously acted as support has now flipped into strong resistance, keeping downside pressure active. The breakdown below key support confirmed seller control. Momentum did not shift; it expanded. The current bounce lacks strength and structure, making it corrective rather than impulsive. As long as price trades below former support turned resistance, rallies should be treated as selling opportunities, not trend reversals. The next high-probability area sits around the $140–$130 demand zone, where deeper historical liquidity exists and stronger reactions are more likely. A real shift only comes with a clean daily reclaim above the $300–$330 supply zone. Until that happens, the path of least resistance remains lower. Trend is clear. Patience stays with the downside.

$ZEC is forming a short-term base after a volatile pullback, setting up a potential mean-reversion bounce from demand On the 30m chart, price swept liquidity near 232 and is stabilizing while EMAs are flattening; repeated rejections below 245 suggest range conditions, but selling momentum is weakening near prior support. LONG 233.5 - 236.0 TP1 239.5, TP2 243.0, TP3 246.0 🛑 Stop Loss 229.8

$ZEC is forming a short-term base after a volatile pullback, setting up a potential mean-reversion bounce from demand On the 30m chart, price swept liquidity near 232 and is stabilizing while EMAs are flattening; repeated rejections below 245 suggest range conditions, but selling momentum is weakening near prior support. LONG 233.5 - 236.0 TP1 239.5, TP2 243.0, TP3 246.0 🛑 Stop Loss 229.8

ZEC Daily Market Update – Feb. 10, 2026 ZEC is currently trading around 239–240, following a sharp rebound from the ~184 low. While the bounce has been strong in percentage terms, the recovery structure remains reactive and corrective, with price struggling to build acceptance above nearby resistance. The move higher appears to be driven more by short covering and relief buying rather than sustained demand, as momentum has already started to slow near the 240–245 area. From a higher-timeframe perspective (Daily), ZEC remains firmly below all major EMA levels (14, 21, 50, 100, 200), keeping the broader trend bearish. The steep distance between price and the higher EMAs highlights how weak the larger structure still is. The recent rebound has not reclaimed any meaningful daily resistance, and prior support zones above current price have clearly flipped into supply. Daily volume expanded during the sell-off but has been comparatively lighter on the bounce, suggesting distribution and reactive positioning, not long-term accumulation. On the lower timeframe (15-minute), ZEC pushed impulsively from the low 220s into the 240–245 zone, then transitioned into consolidation with fading momentum. Recent candles show smaller bodies and upper wicks near resistance, indicating that buying pressure is weakening as price moves higher. Structure on this timeframe is shifting from impulsive to corrective, with price hovering around short-term EMAs rather than extending away from them. From a sentiment and flow perspective, the market environment remains cautious. The sharp rebound has relieved extreme bearish sentiment, but there are no clear signs of aggressive spot demand stepping in at these levels. Participation appears short-term and tactical, with traders reacting to volatility rather than positioning for a trend change. As long as ZEC remains below key daily resistance, sentiment is likely to stay fragile and range-focused. Support zones: 232–228 (key intraday support) 220–215 (base of the recent impulse) 190–184 (major downside zone if weakness resumes) Resistance zones: 240–245 (immediate intraday resistance) 250–255 (major supply and prior breakdown zone) As long as ZEC trades below the 245–255 resistance area, the broader structure remains vulnerable to consolidation or pullbacks toward lower supports. A clean break and acceptance above 255 with strong, sustained volume would be required to improve market structure and reduce bearish pressure. Until that happens, ZEC remains in a bearish-to-neutral decision phase, where reactions at key levels are more important than anticipating direction.