$ZEC Near Key Support — Is a 5% Rebound Coming First? Zcash still has a strong fundamental story behind it. Demand for privacy remains high, institutional interest is growing, and the upcoming NU7 upgrade on November 5 could improve block production speed significantly. But after the recent rally, the market is becoming more cautious. ETF outflows, development-funding disagreements, profit-taking risk, and broader crypto weakness could keep short-term pressure elevated. On the 4-hour timeframe, ZEC is now testing its Support Lines, the key $1,230 trading level, and the Cumulative Long Liquidation Leverage($1,164-$1,206). This is the area where I expect buyers to make another attempt. My short-term target is around $1,287, followed by the Cumulative Short Liquidation Leverage($1,297-$1,314), giving ZEC at least 5% rebound potential. For me, this still looks more like a short-term recovery setup than the start of a completely new bullish trend. Can ZEC react from support and reach ($1,297-$1,314)? If you found this analysis useful, follow for more. #Privacy #Zcash