📊 ZEC Cooling After Strong Weekly Rally – Consolidation Phase in Play ⚡$ZEC
ZEC is currently trading around 366, down -1.24% today, showing short-term cooling after an impressive +51.58% rally over the past 7 days. This type of pullback is often a natural reaction following such strong upward momentum.
On the lower timeframe (15m), price is consolidating near the MA60, indicating a potential decision zone. The market is currently struggling to break immediate resistance around 371.72, which is acting as a short-term barrier.
This phase suggests that buyers are still present but waiting for stronger confirmation before pushing higher. A volume spike could be the key trigger for the next breakout attempt.
📈 Strong weekly momentum
⚡ Short-term consolidation
🎯 Resistance: 371.72
If ZEC holds above key support levels, this could be a continuation setup rather than a reversal.
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