ZEC is undergoing a significant pullback on the 1H chart after reaching the $1,620–$1,650 region. The rejection from those highs has been aggressive, bringing price down toward $1,525 and creating the first meaningful retracement after the latest upside expansion.
The chart highlights $1,425–$1,450 as the main demand zone. This is the area that could determine whether the current move is simply a correction or the beginning of a larger reversal.
If price reaches this zone and buyers respond with strong candles and a clear reaction, ZEC could establish a higher low and begin rebuilding momentum. The first levels to reclaim would be around $1,550 and $1,600, followed by the previous resistance around $1,620–$1,650. A successful recovery could potentially extend toward the $1,670 area marked by the chart projection.
On the other hand, a decisive break below $1,425 would weaken the setup considerably and suggest that sellers are gaining control of the structure.
ZEC has already shown the strength to reach $1,650. Now the $1,425–$1,450 reaction will determine whether buyers can do it again.
The chart highlights $1,425–$1,450 as the main demand zone. This is the area that could determine whether the current move is simply a correction or the beginning of a larger reversal.
If price reaches this zone and buyers respond with strong candles and a clear reaction, ZEC could establish a higher low and begin rebuilding momentum. The first levels to reclaim would be around $1,550 and $1,600, followed by the previous resistance around $1,620–$1,650. A successful recovery could potentially extend toward the $1,670 area marked by the chart projection.
On the other hand, a decisive break below $1,425 would weaken the setup considerably and suggest that sellers are gaining control of the structure.
ZEC has already shown the strength to reach $1,650. Now the $1,425–$1,450 reaction will determine whether buyers can do it again.
