ZEC has dipped to $329, sliding -8.5% in the last 24 hours, with a fresh low at $321 before bouncing slightly. The downtrend is still strong, with price trading below all major moving averages — MA7, MA25, MA99 — showing continued bearish pressure.
Volume remains elevated, signaling active selling, but buyers are trying to hold the $320 support zone. A break below could open the door for deeper downside, while holding here may trigger a short-term relief bounce.
Key Levels to Watch: • Support: $321 • Resistance: $348 / $365 • Trend: Still bearish until price reclaims MA25
With volatility already elevated and markets on edge, all eyes are now on the upcoming FOMC meeting. Historically, major Fed decisions have triggered sharp moves in $BTC — and traders are starting to position for another potential shake-up.
If the Fed signals tighter policy, Bitcoin could face renewed selling pressure. But a dovish tone? That could flip the script fast.
Stay alert — this meeting might set the tone for the entire month.