$ZEC has made a strong recovery on the 1-hour chart, climbing to around $1,329 after breaking above its recent consolidation range. The latest surge puts price within reach of the $1,377–$1,385 resistance zone, where selling pressure could trigger a short-term pullback.
A retracement toward the $1,250–$1,270 demand zone could provide an opportunity for buyers to defend the breakout and establish support. If this area holds, another upward move toward the overhead resistance becomes possible.
However, rejection near the current highs could extend the correction, making the reaction around demand important for the next move. A sustained break below this zone would weaken the bullish outlook.
#zec
A retracement toward the $1,250–$1,270 demand zone could provide an opportunity for buyers to defend the breakout and establish support. If this area holds, another upward move toward the overhead resistance becomes possible.
However, rejection near the current highs could extend the correction, making the reaction around demand important for the next move. A sustained break below this zone would weaken the bullish outlook.
#zec