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loncivon
📊 $ZEC: The $1,200 Battle Continues!
$ZEC is hovering near a key psychological level as bulls and bears wait for the next decisive move.
🔹 Price Action: Around $1,229, ZEC remains roughly 27.6% below its previous high of $1,697.
🔹 Capital Flows: Grayscale ZCSH has reportedly recorded 7 consecutive days of net outflows, with over $124M redeemed in two weeks.
⚠️ Key Takeaway: Selling pressure remains a concern. Watch for a confirmed breakout or breakdown before judging the next trend.
$ZEC
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