According to CoinMeta, ZEC failed to absorb a buy order in the range of $1200 to $1194, and the price closed below $1194 after 45 minutes, rendering the support logic ineffective. The current price has fallen back to around $1132. The latest data shows that on Binance, there were continuous major market transactions of $14.11 million for ZEC / USDT, of which $10.8 million were sell orders, accounting for about 76.5%. The price has retested the 45-minute EMA89 level, and the market has once again entered a validation phase for support. Currently, there are large orders of over $2.2 million above and below ZEC, with additional orders of over $1.7 million at further distances. Specific prices can be viewed through pro's "full depth" feature. It is important to observe whether the nearby orders can support the sell pressure, as well as whether funds have shifted to the further-order areas after the loss of EMA89. The data is for reference only and does not constitute investment advice.