$ZEC rose 1.49% over the latest completed 1-hour period, with a funding rate of +0.0100%, indicating positive holding costs for long positions. Over the same window, open interest increased by just 0.07%, so leverage exposure barely expanded. The price is rising and holding costs are increasing, but total positions have not kept pace, suggesting this upward move currently lacks confirmation from positioning. The reference levels are the boundaries of the previous closed hourly candle: a high of 1347.99 and a low of 1323.47 USDT. These are boundaries, not confirmed support or resistance. Only if the price moves back above 1347.99 and continues higher should the bullish structure be considered intact; a break below 1323.47 would invalidate the hourly structure. A positive funding rate only indicates that holding costs are present, while the risk of overcrowding remains limited. Direction still needs confirmation from price action.