$ZEC update – annual & monthly perspective

$ZEC moved in correlation with Bitcoin: after distribution slightly above the 2026 opening level, price started to fall rapidly — the first expected scenario has now played out.
From 446, open interest increased significantly while price declined sharply, and funding remained strongly positive. This suggests opening of large longs and closing of large shorts.
The decline stopped near the old ATH at 372.62 (2021).
If the move continues downward, the key annual levels I’m watching are:
216.56 — 2022 high
146.38 — 2021 close / 2022 open
On the monthly chart, a rejection formation is already visible. Since it is still early in the month, I expect more upward pullbacks, which may be used to open new shorts, followed by a downward continuation.
Educational analysis only — not financial advice.
‍#BTC #ZEC
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