$ZEC The move back toward $680 has been interesting because it doesn’t really look retail-driven.
Retail activity has stayed relatively flat during the recovery, while most of the buying pressure seems to be coming from mid-sized flows. Larger institutional-sized flows also declined during the correction, but they’ve slowly started turning back up, and that shift lined up closely with the local bottom in price.
That creates a very different setup from the typical euphoric reversal people usually expect.
So far, the recovery looks more like steady positioning returning to the chart rather than a retail momentum chase.
Now ZEC is trying to reclaim the November high region after breaking above $640. If larger flows continue building above this area, the chances of further continuation higher start increasing quite a bit from there.