$ZEC is pushing into a key structural area right now.
Price is still trading inside the same descending channel that has controlled the correction for weeks, while continuing to form lower highs near resistance.
We’ve also seen multiple failed attempts to reclaim the $540 macro resistance, so despite this current breakout attempt through both trendline and macro resistance, the chart is still technically operating under a lower high structure.
That’s important because ZEC has already produced several Type 2 distributions during this correction, where price briefly reclaimed resistance, triggered breakout confirmation, attracted late longs, and then rolled over into another lower high.
For me, the real confirmation isn’t just reclaiming resistance, it’s whether ZEC can close above the $560 lower high pivot and start invalidating the corrective structure.
Until then, I’m still treating this move cautiously rather than assuming a full trend reversal.