$ZEC daily structure shows a significant shift after its vertical push. 📉

The recent pullback has moved beyond a healthy correction. Price has lost trendline support, broken the key fib cluster at 300, and slipped under the 200-day SMA. This combination often signals a deeper retracement or an extended base-building phase for $ZEC.

Structurally, the next logical reaction zone is around 246, aligning with previous support and fib confluence. 📊

Should sellers maintain control, the broader demand area between 205 and 185 becomes the next major zone for buyers to step in. A break below this would open the door for a much deeper correction.

This bearish outlook would only weaken if $ZEC reclaims the 300 region with strength, flips the 200-day SMA back to support, and breaks the current descending structure with expanding buy volume. ⬆️

Remember: Price structure always leads, narratives follow. 💡

(ZECUSDT)