$ZEC is trading in a short-term downtrend on the 1m chart, with price stuck below the MA99 ($633.72) and struggling around $629-$630. After the sharp drop to $625.10, buyers managed a recovery, but momentum remains weak and volume is fading. Immediate support sits near $625, while resistance is around $632-$634. A breakout above $634 could trigger a stronger bounce, but as long as price stays below the major moving average, the bias remains neutral to slightly bearish with range-bound movement likely in the near term.