$ZEC is signaling a strong bullish reversal structure on the 4-hour chart after putting in a local bottom around the 578.62 level. Following a healthy market correction, buyers stepped in with significant force to push the price up by 7.69% to its current trading level of 638.03. This upward bounce is backed by solid market engagement, showing over 150 million in 24-hour trading volume. The current candlestick formation indicates a consolidation of gains just above short-term support, setting up a solid higher low structure. A decisive break above the immediate psychological resistance at 670.00 will confirm the bullish continuation, paving the way for a retest of previous major highs.
First Target: 670.00
Second Target: 705.00
Third Target: 740.00
ZEC
541.28
+1.40%