$ZEC is getting interesting again.
The $680 region has now rejected another rally attempt, making it the second rejection in a week, very similar to the structure we saw back in November around the $680–700 zone.
At the same time, ZEC is testing a key higher timeframe trendline that has supported the move since $300. The prior local high near $600 is also sitting in the same area, creating a strong compound support zone.
If this support fails, the uptrend could face its biggest test yet. With two rejection candles forming near $680, the chart is starting to resemble a potential double top, which could open a move toward $575 and possibly even $540 support.
On the bullish side, if ZEC holds here and forms a higher low, we could see an ascending triangle structure develop, setting up another breakout attempt above $680.