$ZEC

swept local highs into 554 and immediately saw supply step in. Since then price has been compressing while holding higher lows around the 524–526 area. Current reclaim back above 540 shows buyers are still active, but the market is now trading directly under the previous intraday distribution zone.

As long as price holds above 532, continuation toward the 548–555 liquidity area remains possible. A clean acceptance above 555 would likely open expansion. Failure to hold current structure turns this into another range rotation back toward mid-range support.

Key levels:

Support: 532 / 524

Resistance: 548 / 555

Invalidation for short-term bullish structure:

sustained move below 524

Right now this looks more like accumulation after volatility rather than trend exhaustion. Patience around confirmation matters here.