$ZEC is trading around 407.21, down roughly 5.57% on the session. Price is pulling back sharply after a strong upside move, with sellers stepping in aggressively from higher levels.
Key price action
• Strong rally from the 301.14 low to a peak near 476.76
• Heavy rejection from the upper supply zone triggered a fast correction
• Price is now testing the rising 99 MA and prior breakout area
Why the move happened
• Profit-taking intensified after ZEC failed to hold above 460–470
• Sellers gained control once price lost short-term moving averages
• Volume expanded on the downside, confirming active distribution
Trend & structure
• Overall trend: still bullish on the higher timeframe
• Short-term structure: corrective pullback after an impulsive rally
• Bullish structure remains valid as long as price holds above key support
Key levels to watch
Support
• 400 – 395 major demand zone and MA support
• 360 – 350 next strong support if selling continues
Resistance
• 425 first resistance and breakdown level
• 455 – 460 key resistance zone
• 476 major supply and recent high
Indicators & bias
• Price is below the 7 and 25 MA
• The 99 MA is acting as dynamic support around the current price
• Bias remains cautiously bullish while above the 395–400 zone
Trading idea
If $ZEC holds above the 400 area and shows a strong reaction, this pullback could turn into a higher low, opening room for a bounce toward 425 and 455. A clean breakdown below 395 would weaken the bullish structure and shift focus toward the mid-300s.
Short summary
$ZEC is correcting after a powerful rally. Momentum has cooled, sellers are active, but the broader structure is not broken yet. The 400 support zone is the key level that will decide whether this is a healthy pullback or a deeper correction.
