$ZEC is showing solid strength on the 4H timeframe, currently trading around 550.85 after a 5.73% gain over the past 24 hours. It recently printed a high near 562 and managed to hold a low around 519, which suggests buyers are still active after the recent pullback.

Price action has been recovering well from the 480–520 zone following a deeper correction from the major peak around 690. It’s now pressing against the upper Bollinger Band, indicating strong momentum, although an RSI near 70 hints that a short-term cooldown or consolidation could come before any further upside.

Trading volume also looks healthy, sitting above 94M USDT in the last 24 hours. On a broader view, ZEC is still down roughly 10% over the week after its prior surge, but remains up about 57% on the monthly timeframe and over 10x year-on-year, reflecting renewed interest in privacy coins.

If price can break and hold above the 562–570 resistance area with strong volume, the next upside targets could be around 600–620 and potentially a retest of previous highs. On the downside, the 520–536 range remains a key support zone to watch for any pullbacks.

Overall, ZEC appears to be in a constructive recovery phase. The key question is whether momentum carries through a clean breakout or if it needs a bit of consolidation first.