$ZEC USDT is moving with strength, signaling renewed interest from larger participants. The bounce indicates confidence above key demand levels. A clean hold here opens the door for continuation toward the upper range. Failure to sustain could result in a brief consolidation before trend resumes. ZECUSDT Perp 538.26 +4.14%
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Trend: Overall bearish / corective. Price is still below key moving averages, showing sellers in control. Price action: After a strong drop, XRP is making a weak bounce (lower high structure). Resistance: 1.90 – 1.93 (MA + recent rejection zone). Support: 1.86 → 1.83. Breakdown below this can lead to another sell-off. Volume: Declining → bounce lacks strong buying strength. Bias: Scalp long: Only near support with tight SL. Safer setup: Sell on rejection near resistance. Conclusion: This looks like a dead-cat bounce, not a trend reversal yet. Wait for either a clear MA break with volume or a rejection for short entries.