- ZEC breaks two neckline supports and a trendline, signaling continued movement toward lower liquidity areas.
- Analysts observe strong bearish momentum after ZEC fails its double-top neckline, confirming a structural shift.
- Despite selling pressure, ZEC remains part of a rising privacy-sector narrative attracting institutional interest.
ZEC price analysis shows a sharp structural shift after the asset dropped from recent levels. Market momentum turned bearish once two crucial neckline supports and a long-standing trendline failed during heavy selling pressure.
Break of Key Necklines Shifts Market Structure
The ZEC chart confirms a breakdown after the loss of two neckline supports. A double-top pattern formed earlier, signaling weakening demand as repeated rejections suggested a fading bullish presence. When price closed under the upper neckline, sellers gained control.
The fall through the lower neckline accelerated the decline. That support held firm during prior consolidation phases but failed under increased pressure. Clean, full-body candles show that sellers absorbed liquidity at both neckline levels during the breakdown.
Ardi stated that ZEC “lost two major support necklines and the long-term trendline,” noting that price may target lower liquidity zones. The break of the dotted trendline confirms the end of the prior recovery rhythm.
Accelerated Decline Pushes Toward Lower Liquidity Pockets
ZEC slid sharply from the $670 area toward the low $500s in the last 24 hours. Attempts to stabilize near the $600 region faded as the chart formed lower highs and lower lows. Selling intensified once ZEC slipped below the consolidation shelf.
The area near $500 acts as a psychological marker but lacks established support. If buyers fail to defend it, the chart may draw toward the $480 and $450 liquidity pockets formed earlier in the trend. These zones remain vulnerable during strong downside continuation.
Analysts maintain that buyers need a rapid reclaim of the broken neckline regions. A recovery above the lower neckline would suggest a liquidity grab rather than a structural failure. Until then, the dominant structure favors continuation downward.
Sector Interest Rises as Market Searches for Stability
Although ZEC trades under pressure, data shows the privacy sector gaining momentum. Comments note increased attention across assets such as Monero and ZEC, with financial institutions adding to the narrative around privacy-focused solutions.
The rise of new privacy frameworks like Rayls, which merges confidentiality with compliance, adds broader interest to the sector. This sector strength remains relevant even as ZEC trades below key recovery levels.
Market watchers state that a move above $540 would indicate easing sell-side pressure. Until then, ZEC continued to trade within lower ranges, aligned with the structural breakdown that followed the support failures.
