Amid the broader market correction, $ZEN held onto its 19% gain and continued to oscillate above the round-number level.

Open interest is increasing moderately and funding rates remain steady, with orderly follow-through from leveraged funds after the spot-driven move.

If price breaks above the 7.26 high with expanding volume, the market will enter an upward vacuum zone with relatively little resistance.

If the 6.05 breakout starting point is lost on the downside, the entire rally structure will be directly invalidated and trigger a pullback.

The most critical variable right now is whether bulls can achieve a valid volume expansion breakout at the key 7.26 resistance level.