When monitoring the market, several signals on the 1-hour chart of ZEC are worth noting — the yellow and white lines have already crossed below the zero axis at a steady pace, and the golden cross turning into a death cross typically indicates that the correction could be deeper than expected.

The technical indicators have indeed issued a warning. ZEC has broken below the key support level of 420, indicating that the bearish momentum has strengthened. Although there are still optimistic voices about the long-term prospects of the privacy sector, in the short term, market sentiment is clearly cautious.

From the candlestick structure, ZEC closed the 1-hour chart at 41.29. Since 403 has been lost, the main support level below is around 360, with an additional line of defense at 314. The resistance levels above are quite clear, with 457 and 511 being key areas to watch during rebounds. The MACD has formed a death cross, and interestingly, after a period of shrinking volume, there was a sudden increase in selling volume. This pattern often reflects that the main funds might be adjusting their positions.

One detail that cannot be ignored — both RSI and MFI are still in the observation zone, indicating that market sentiment has not yet reached an extremely pessimistic stage. At this point, rushing to buy the dip during the decline carries significant risk, and it’s very likely to get stuck in a position where a rebound cannot be triggered.

There are always opportunities in the market; the key is to stay calm. If rebounds occur at the 457 and 511 resistance levels but volume remains insufficient, the bearish signals will become even clearer. Risk management should always come first.