$ZEC price ~ 1.421, down 3.19% in 24h. Daily range 1.358 to 1.468. After a strong sell-off to 1.376, the price is recovering and trading sideways with a narrow range around 1.402 to 1.431.
The moving averages are tightly clustered and have not yet formed a new trend; the recent candle is very red with a long wick, indicating sellers are blocking price at the upper level.
If the price remains stuck in this range with low volume, wait for a breakout candle to confirm the new trend.
#ZEC surges strongly due to privacy narrative
