ZEC Key Levels: $298 Support, $305 Resistance — Critical Trade Plan for Jan 31, 2026

Published: 2026-02-01 01:04:50 |

ZEC (ZEC/USDT) technical analysis for Jan 31, 2026 identifies critical support at $298.34 (primary buyer zone) and immediate resistance at $305.7. The report notes a dominant short-term downtrend: price is below EMA20 and the Supertrend is bearish, while RSI (~34–42) signals oversold conditions. Key levels: primary support $298.34 (strength 75/100, confluence of 1D/3D order block, 0.618 Fib, EMA50), secondary support $239.99 (week demand zone), near-term resistance $305.70 (strength 74/100), mid resistance $349.13 and long target $555.18. Liquidity clusters sit between $298–$305, making a sweep likely; a confirmed close above $305–310 would flip bias. ZEC shows ~0.85 correlation with Bitcoin; BTC levels (support $75,720, resistance $80,357) are cited as drivers — a BTC break lower risks ZEC falling to $239. Trading plan: hold above $298 for long bias (target $305, R/R ~1:2.5); short on break to $239 (R/R ~1:4). Risk management advised: 1–2% per trade, low leverage, scale-in on futures. Analysis emphasizes liquidity hunt risk, potential bear trap at $298, and that market structure must confirm flip before aggressive longs. This is not investment advice.

Bearish

The analysis highlights a dominant short-term downtrend: price below EMA20, bearish Supertrend, and RSI in oversold but weak-momentum range. Critical liquidity clusters at $298–$305 increase the probability of a liquidity sweep and further downside if $298 breaks. Correlation with Bitcoin (≈0.85) and BTC’s bearish bias amplify downside risk for ZEC; historical patterns cited show failed rallies and rejections at higher resistance bands. Short-term outlook is bearish until a decisive close above $305–310 flips structure. For traders, this implies higher odds for short setups on rejections near $305 and stop-hunt scenarios around $298; longs should wait for confirmation (trend flip, sustained volume on breakout). In longer term, if BTC recovers above key resistances and ZEC reclaims weekly channel levels, bullish scenarios toward $349 and $555 become plausible, but they currently require structural recovery. Risk management (small position sizing, low leverage) is recommended given potential volatility and liquidity-driven moves.