ZEC is currently repeatedly testing the psychological barrier of 400 USDT, with bulls and bears engaged in a tug-of-war within a narrow range. Based on trading volume, market sentiment still shows some hesitation and no clear breakout signal has formed.

This level is quite critical. Looking upward, if the 399 level can be maintained, there is still a chance for a rebound. However, once this support is broken, a new round of decline may be triggered, increasing the risk.

The closing price of the K-line in the next hour will be very important, as it can provide many clues—whether it is the starting point of a potential rebound or a brief pause during a decline. The market direction is right in front of us, and we need to closely monitor this time window.