$ZEC — quick market snapshot
Price: ZEC is trading around the mid-$500s with intraday weakness after a recent surge.
What moved it: a sharp multi-week rally to multi-year highs, followed by a ~30% pullback from the peak; on-chain/network activity and trading volume spiked during the rally.
Technical read: momentum has been strong but short-term structure shows a corrective pullback — watch nearby support in the $500–$520 area (short-term buyers) and resistance near the prior highs (~$740–$810). A decisive break of either zone will likely set the next directional bias.
Quick trading notes (not financial advice): if you’re watching entries, prefer buying weakness into confirmed support with a tight stop or wait for a clean break + retest above the $740 area for trend continuation.
Want a different timeframe (1h / 4h / daily) candle image or a labeled chart with support/resistance drawn? I can make one next.
