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Meilin (美林 / 美琳)
ZEC is facing heavy bearish pressure, plunging 5% to 992.91 after failing to hold the $ZEC 1,200 mark. The daily chart shows a clear downtrend with all major moving averages sloping downward. The price is desperately seeking a floor near the recent low of 959.06. If this psychological support zone fails, a drop to 900 is highly likely. However, an oversold bounce could occur, offering a short-term relief rally toward 1,100. Watch the volume for signs of capitulation.
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