The post ZEC Technical Analysis Feb 1 appeared on BitcoinEthereumNews.com.

ZEC, approaching critical support zones within the daily downtrend, is signaling oversold with RSI at 34.73, indicating a possible rebound purchase, but the upward momentum remains weak with MACD negative histogram and Supertrend bearish signal. The overall market structure is bearish, and a break of the $265 support could trigger deep drop risk. Executive Summary ZEC is trading at $299.93 as of February 1, 2026, having experienced a 7.35% drop in the last 24 hours and moving within the $274.40-$327.94 range. Unable to hold above EMA20 ($367.18) under downtrend dominance, the price has entered the oversold zone with RSI at 34.73, offering short-term rebound potential, but MACD is bearish and Supertrend resistance remains at $411.52. Critical supports are at $265.59 and $295.46, while resistance will clarify above $341.61; volume is high at $1.07B, but selling pressure dominates. Risk/reward ratio is unfavorable toward bearish targets ($50.39), but BTC correlation should be monitored. Market Structure and Trend Status Current Trend Analysis ZEC’s overall trend direction is clearly downtrend. The price, moving within a falling channel on daily and weekly charts, is forming lower highs with an 8.5% pullback from recent peaks ($327.94). The Supertrend indicator is giving a bearish signal and positioning $411.52 as resistance. Remaining below short-term EMA20 ($367.18) confirms bearish short-term momentum. Multi-timeframe (1D/3D/1W) analysis has identified 12 strong levels: 2 supports/2 resistances on 1D, 1S/1R on 3D, 2S/4R distribution on 1W, reinforcing the downtrend structure. This structure requires a close above $341.61 for upside or a break below $265 for downside. Structural Levels Main structural supports, based on Fibonacci retracement and volume profile, stand out at $265.59 (score 68/100, strong swing low) and $295.46 (score 61/100, recent low test). On the resistance side, $341.61 (score 67/100, 0.618 Fib) and $369.35 (score 64/100, near EMA20) are critical. Compared to the…

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Filed under: News - @ February 1, 2026 10:19 am