$ZEC Good news for Zec holder's
ZEC is still trading in a bullish structure after a strong rally from the 325 zone. Price faced rejection near the 404–405 resistance and is currently in a healthy pullback phase.
The pullback looks normal as selling volume is decreasing, which suggests there is no strong bearish pressure yet.
Key Observations:
Price is slightly below MA(7), indicating short-term weakness
Price is still above MA(25) (~387), keeping the bullish structure intact
RSI (~45) has cooled down from overbought levels and is now neutral
Volume is declining during the pullback, which is a positive sign for trend continuation
Key Levels:
Support: 387–385 (important), then 373–370
Resistance: 397–400, then 404–408
Outlook: As long as price holds above the 385 support zone, the trend remains bullish and a continuation toward 400+ is possible after consolidation.
A strong breakdown below 385 may lead to a deeper pullback toward 370.
Overall:
This looks like a healthy correction after a strong pump, not a trend reversal.