ZEC Technical Analysis Feb 2

ZEC, at its current $292.83 price, is approaching critical support zones in the short-term downtrend; buyer zones around $288 are being tested, and if no strong rejection is received from here, the $266 level may come into play.

Current Price Position and Critical Levels

ZEC is positioned within the overall downtrend despite a slight 0.57% increase over 24 hours. Current price is at the $292.83 level and the 24-hour range was $290.44 – $320.78. Price continues to stay below EMA20 ($360.48), which gives a short-term bearish signal. RSI at 33.86 is close to the oversold region, but the Supertrend indicator is bearish along with $414.28 resistance. 14 strong levels were detected across multiple timeframes (1D/3D/1W): 2 supports/2 resistances on 1D, 1 support/2 resistances on 3D, 3 supports/4 resistances confluence on 1W. This confluence increases the strength of the levels; especially the supports on the weekly timeframe indicate long-term buyer interest. Volume is at a medium level of $768.49M, but volume-less movements in the downtrend signal liquidity hunts.

Support Levels: Buyer Zones

Primary Support

$288.0834 (Strength Score: 63/100) – This level stands out as the primary buyer zone in the near term. Why is it important? It coincides with the order block where the last price rejection formed on the 1D timeframe; volume increase was observed here and price tested it twice before bouncing up. It shows confluence with EMA50 on the 3D chart, confirming the medium-term demand zone. Historically, strong buying pressure formed at similar levels (e.g., November 2025 bottom tests). A break of this level could trigger stop-loss hunts and direct liquidity to $266. Invalidation: Daily close below $288.

Secondary Support and Stop Levels

$266.0336 (Strength Score: 68/100) – Secondary but stronger support; main demand pool on the weekly timeframe. This level is at the exact intersection of the October 2025 rally’s swing low and Fibonacci 0.618 retracement. Volume profile is high, accumulation area for big players. It coincides with Supertrend support on the 1W chart, multi-timeframe confluence is excellent. If broken, $50.47 downside target (low score though) comes into play; this becomes the long-term stop level. Nearby stop: Closes below $265.50 accelerate bearish momentum.

Resistance Levels: Seller Zones

Near-Term Resistances

$326.4920 (Strength Score: 70/100) – Closest seller zone; latest supply order block on 1D. Price touching $320.78 in the last 24 hours and getting rejected strengthens this area. Volume drop is expected on EMA20 ($360) approach, high rejection probability. Rejected three times in historical tests (December 2025), liquidity collection point. For breakout, daily close above $327.50 is required.

Main Resistance and Targets

$454.5960 (Strength Score: 60/100) – Main resistance; strong supply zone on 3D and 1W timeframes. Fibonacci 1.0 extension intersects with EMA200 here. High-volume sales were seen (January 2026 peak), big players may have accumulated short positions. Upside target extends to $511, but R/R ratio is low (around 1:1.5). Invalidation: Weekly close above $455 brings bullish flip.

Liquidity Map and Big Players

Big players (smart money) are hunting long liquidity at $288-$266 supports; stop clusters here are ideal for downward manipulation. Short liquidity is high at $326 resistance, fake breakouts expected. Weekly imbalances point to $454, but buyers are passive in the current downtrend. Volume delta is negative, seller dominance continues. Liquidity map: $290 stop hunt for bounce from supports, $330 liquidity grab likely at resistances. Order blocks are strong at supports, fresh supply at resistances.

Bitcoin Correlation

BTC at $78,354 level in downtrend and shows high correlation with ZEC (0.85%). If BTC breaks $77,398 support, ZEC may lose $288; below $74,604 is full bear scenario. Conversely, if BTC breaks $79,396 resistance, ZEC $326 breakout is triggered. BTC Supertrend bearish, dominance increase crushes altcoins – BTC above $83,548 required for ZEC. Key BTC levels: Supports $77k/$74k, Resistances $79k/$83k.

Trading Plan and Level-Based Strategy

Level-based outlook: Holding above $288 is buyer signal, long bias to $326 (R/R 1:3). On breakdown, short to $266, stop above $290. On $326 rejection, short to $288 test, target $266 (R/R 1:2). Monitor multi-timeframe: 1D rejection + volume increase for entry. Detailed data for ZEC Spot Analysis and ZEC Futures Analysis. This outlook is price action based; risk management essential (position 1-2%).