$ZEC is sitting at a very important technical zone right now.
The 4H structure is starting to resemble a potential double top setup after repeated rejection near the $680 resistance region.
So far:
⚠️ Buyers failed to sustain the breakout
⚠️ Momentum slowed near highs
⚠️ Sellers stepped in aggressively at resistance
⚠️ Volatility increased around supply
That’s why many traders are now watching for a possible corrective move toward the major support area around $580.
Current structure:
📌 Resistance: ~$680
📌 Mid support: ~$630–$640
📌 Major support: ~$580
The key question now is whether bulls can reclaim momentum…
or whether this turns into a larger distribution phase after the vertical expansion.
🟢 Bullish scenario:
If price reclaims and holds above resistance with strong volume:
➡️ Shorts could get squeezed hard
➡️ Trend continuation becomes possible
🔴 Bearish scenario:
If rejection continues beneath resistance:
➡️ Liquidity below becomes the target
➡️ Correction pressure likely accelerates
➡️ Support retests around lower zones become increasingly likely
Right now, patience matters more than emotional entries.
This is the type of zone where fake breakouts and sharp reversals happen fast.
Watching closely for:
👀 Confirmation candles
👀 Volume behavior
👀 Whether resistance finally breaks or fully rejects price
Trade safe while the market decides direction here.
#CapitalShiftsFromBTCEthToHYPEXRP
#NEARMarketCapExceedsThreeBillion